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Stock Market & Financial Investment News

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July 15, 2014
04:55 EDTWWD, WWD, TGI, TGI, BAESY, BAESY, COL, COL, ATI, ATI, RTI, RTI, ERJ, ERJ, ESL, ESL, PCP, PCP, WAIR, WAIR, BDRBF, BDRBFCredit Suisse events at Farnborough Air Show
Credit Suisse to hold meetings at the Farnborough Air Show in Farnborough, England on July 13-16.
News For WWD;WAIR;PCP;ESL;ERJ;RTI;ATI;COL;BAESY;TGI;BDRBF From The Last 14 Days
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October 23, 2014
05:37 EDTPCPPrecision Castparts reports Q2 EPS $3.24, consensus $3.32
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October 22, 2014
15:37 EDTPCPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
11:21 EDTERJPPG Aerospace supplying production, spare windows for Embraer KC-390
PPG Industries’ (PPG) aerospace transparencies group is designing windshields for the KC-390 military transport aircraft. PPG is under contract with Embraer (ERJ) Defense and Security to design and manufacture production and spare windshields, side cockpit windows and fuselage windows for the KC-390 aircraft. Embraer expects the aircraft to enter service in 2016.
08:10 EDTBDRBFCAE, Bombardier expanding Authorized Training Provider network
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October 21, 2014
07:20 EDTATIAllegheny Technologies now sees HRPF start-up costs at low end of range
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07:17 EDTATIAllegheny Technologies reports Q3 EPS (1c), consensus (5c)
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07:10 EDTBAESYBAE Systems acquires SilverSky
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06:11 EDTBAESYBAE Systems to acquire SilverSky for $232.5M on cash free, debt free basis
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October 20, 2014
16:20 EDTATIAllegheny Technologies reaches mill products and forgings long-term agreements
Allegheny Technologies announced that it has extended and expanded its long-term supply agreements,LTA, for mill products and closed-die forgings with a major jet engine OEM. One new LTA covers a wide range of Premium-Quality titanium-based alloy and nickel-based superalloy mill products. The other LTA covers closed-die forgings, including parts made using advanced iso-thermal and hot-die forging processes. The agreements begin in 2015 and continue into the next decade.
16:16 EDTATIAllegheny Technologies signs long-term titanium cast products agreement
Allegheny Technologies announced that it has signed an agreement to supply titanium investment cast products to Snecma for use in single-aisle and business jet engine programs, including the CFM LEAP family. The new agreement begins in 2015 and extends into the next decade.
15:36 EDTATINotable companies reporting before tomorrow's open
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06:10 EDTERJLufthansa publishes timetable in response to VC planned strike
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October 17, 2014
11:58 EDTERJTextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
08:53 EDTTGITriumph Group acquires North American Aircraft Services
Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.
08:48 EDTATIBofA/Merrill global steel analysts hold analyst/industry conference call
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October 15, 2014
11:13 EDTBDRBFBombardier C Series front runner for Austrian fleet overhaul, Globe & Mail says
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October 14, 2014
17:29 EDTBAESYU.S. Army may revive Ground Combat Vehicle program, WSJ says
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October 13, 2014
10:17 EDTTGIEbola related weakness in aerospace stocks seen as buying opportunity
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09:02 EDTBAESYGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
07:26 EDTTGICommercial aerospace stocks should be bought on any weakness, says Wells Fargo
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