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Stock Market & Financial Investment News

News Breaks
July 15, 2013
08:04 EDTXLS, LMTITT Exelis receives $10M contract for Lockheed Martin standoff missile
ITT Exelis (XLS) received a contract in excess of $10M for Lot 10 production of composite missile bodies and structures for the baseline and extended-range versions of Lockheed Martin’s (LMT) Joint Air-to-Surface Standoff Missile. Exelis Aerostructures will perform the manufacturing work in Salt Lake City, Utah and deliveries will be completed by June 2014.
News For XLS;LMT From The Last 14 Days
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October 21, 2014
16:36 EDTLMTOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
07:32 EDTLMTLockheed Martin reports Q3 Aeronautics sales down 2% to $3.54B
Reports Q3 Information Systems & Global Solutions sales down 5% to $1.95B; Reports Q3 Missiles and Fire Control sales down 5% to $1.91B; Reports Q3 Mission Systems and Training sales down 1% to $1.68B; Reports Q3 Space Systems sales up 4% to $2.03B.
07:28 EDTLMTLockheed Martin expects FY15 sales to decline at low single digit rate
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07:27 EDTLMTLockheed Martin raises FY14 EPS to $11.15 from $10.85-$11.15, consensus $11.14
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07:26 EDTLMTLockheed Martin reports Q3 cash from operations was $990M
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07:25 EDTLMTLockheed Martin reports Q3 EPS cont ops $2.76, consensus $2.71
Reports Q3 revenue $11.11B, consensus $11.28B
October 20, 2014
15:36 EDTLMTNotable companies reporting before tomorrow's open
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October 15, 2014
10:01 EDTLMTNorthrop Grumman awarded contract from Lockheed
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09:14 EDTLMTLockheed Martin awarded $124.6M THAAD contract
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09:02 EDTLMTLockheed Martin working on new compact fusion reactor
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October 14, 2014
17:17 EDTLMTLockheed Martin awarded $595.48M government contract modification
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07:11 EDTXLS, LMTAssociation of the U.S. Army to hold annual meeting
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October 13, 2014
10:58 EDTLMTLockheed Martin receives $90.6M foreign military sale contract from U.S. Army
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08:01 EDTXLSExelis awarded task order by U.S. Army Contracting Command
The U.S. Army Contracting Command has awarded Exelis a task order to deliver a limited quantity of SideHat SRW Applique radios for evaluation. SideHat provides a critical networking capability specifically developed for the vehicular electromagnetic and physical environment experienced on the battlefield. The task order was from an indefinite-delivery, indefinite-quantity contract awarded to the company in April for the specific purpose of providing SRW applique radios.
October 9, 2014
13:56 EDTLMTObama calls on Congress to lift defense spending cuts, Politico says
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October 8, 2014
08:07 EDTXLS, LMTExelis awarded follow-on contract for Lockheed Martin's JASSM
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