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How Boeing's 737 MAX Troubles Ripple Through the Industry

  • How Boeing's 737 MAX Troubles Ripple Through the Industry How Boeing's 737 MAX Troubles Ripple Through the Industry 4:36
    How AI can take the guesswork out of farming How AI can take the guesswork out of farming 2:57
    China Puts Further Pressure on Boeing Amid Its 737 MAX Woes China Puts Further Pressure on Boeing Amid Its 737 MAX Woes 2:34
    Huawei Sues the U.S. for Restricting Business With Federal Agencies Huawei Sues the U.S. for Restricting Business With Federal Agencies 2:28
11:22 a.m. July 18, 2019 - By Ciara Linnane
This analyst says bullish Netflix sell siders are trafficking in ‘bullshit’Michael Nathanson of MoffettNathanson offered an interesting view in a note on Netflix Inc.’s disappointing second-quarter earnings release.
11:03 a.m. July 18, 2019 - By Tonya Garcia
EBay shares rise after an earnings beat but Amazon still looms large At least four research analyst groups raised EBay’s price target after second-quarter earnings were announcedEBay reported earnings and revenue that beat expectations, but an ongoing business transformation put pressure on gross merchandise volume.
4:13 a.m. July 18, 2019 - By Philip van Doorn
3 stocks that can make you money despite a trade war or recession Brian Beitner of Chautauqua Capital Management names three companies he believes can easily navigate rough watersBrian Beitner of Chautauqua Capital Management names three companies he believes can easily navigate rough waters.
3:31 a.m. July 18, 2019 - By Jeremy C. Owens
Earnings Watch: Why Microsoft is suddenly the most valuable company in Big Tech As competitors face growth struggles and government spotlight, Microsoft looks like a calm oasis in the tech stormIt was just a year ago that the debate about trillion-dollar market caps focused on Apple Inc. and Amazon.com Inc., but Microsoft has held that title to itself for more than a month.
3:30 a.m. July 18, 2019 - By Wallace Witkowski
IBM stock slips as earnings, cloud revenue beat Street view Cloud sales grow to $5.65 billion, while Street expected $5.55 billionInternational Business Machines Corp. shares give back gains in the extended session Wednesday and slip to a loss after the tech giant top Wall Street earnings estimates for the second quarter.
3:28 a.m. July 18, 2019 - By Claudia Assis
China, trade wars dent Alcoa’s demand hopes Global aluminum inventories expected to shrink to ‘levels not seen in more than a decade’Alcoa predicts lower demand growth for aluminium amid trade wars and the global economic backdrop.
3:17 a.m. July 18, 2019 - By Tomi Kilgore
Philip Morris' stock jumps after earnings and revenue beat, raised profit guidanceShares of Philip Morris International Inc. rallied 2.2% in premarket trading Thursday, after the cigarette seller reported a second-quarter profit and revenue that beat expectations, and raised its full-year earnings guidance. Net income rose to $2.31 billion, or $1.49 a share, from $2.19 billion, or $1.41 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS came in at $1.46, above the FactSet consensus of $1.32. Net revenue slipped 0.3% to $7.73 billion, to reflect negative effects of currency translation and favorable pricing variance, but was above the FactSet consensus of $7.38 billion. Total cigarettes shipment volume fell 3.6% during the quarter, as Marlboro shipments declined 1.2%, while heated tobacco units shipment volume increased 37%. The company raised its full-year EPS outlook to $4.94 from $4.87. The stock has hiked up 21.4% year to date through Wednesday, while the S&P 500 has gained 19.1%.
3:12 a.m. July 18, 2019 - By Emily Bary
AT&T earnings: Expect another quarter of big video losses Also look for information about forthcoming streaming serviceAs approval for T-Mobile US Inc.’s deal with Sprint Corp. looms over the wireless industry, fellow carrier AT&T Inc. will show of the impact of its own mega-deal when the company reports second-quarter results next Wednesday after the closing bell.
2:47 a.m. July 18, 2019 - By Tomi Kilgore
Honeywell's stock rises after earnings beat and upbeat guidance, while sales fell shyShares of Honeywell International Inc. rose 0.8% in premarket trading Thursday after the industrial conglomerate reported a second-quarter profit that topped expectations while sales fell shy, and lifted the low end of its full-year guidance ranges. Net income rose to $1.56 billion, or $2.10 a share, from $1.28 billion, or $1.68 a share, in the year-ago period. Adjusted earnings per share rose to $2.10 from $1.93, above the FactSet consensus of $2.08. Sales fell 15% to $9.24 billion, citing the impact of spinoffs, and missed the FactSet consensus of $9.35 billion, as aerospace sales fell less than expected, building technologies and performance materials and technologies sales were roughly in line with expectations and safety and productivity solutions sales fell more than expected. For 2019, Honeywell lifted the low end of its guidance ranges for EPS to $7.95 to $8.15 from $7.90 to $8.15, for sales to $36.7 billion to $37.2 billion from $36.5 billion to $37.2 billion and for adjusted free cash flow to $5.7 billion to $6.0 billion from $5.5 billion to $6.0 billion. The stock has rallied 27.6% year to date through Wednesday, while the Dow Jones Industrial Average has gained 16.7%.
1:26 a.m. July 18, 2019 - By Steve Goldstein
Boeing planes vulnerable to cellphone interference: reportPotentially hundreds of Boeing 737 and 777 planes worldwide are flying with unsafe systems vulnerable to passenger cellphones, , citing a . The display units vulnerable to interference were made by Honeywell International , which says it is only aware of one case where all six display units in a 737 went blank, which was caused by a software problem that has been fixed and been flight tested. Boeing found the interference only in a lab test in 2012, the report said.
3:28 p.m. July 17, 2019 - By Joanne Chiu
Videogame-streamer DouYu raises $775 million in largest U.S. IPO by a Chinese company this year Shares end their first trading day flatA Chinese video-streaming service raised $775 million through a Nasdaq listing, capitalizing on the growing popularity of watching others play games on the internet.
8:08 a.m. July 17, 2019 - By Jon Swartz
Netflix earnings: No more ‘Friends,’ but plenty of new enemies are on the way Big-name rivals plan new streaming services, and are taking back their content from Netflix to competeIt’s the calm before the competitive storm when streaming video giant Netflix Inc. is scheduled to report second-quarter financial results Wednesday after the market’s close.
4:48 a.m. July 17, 2019 - By Ciara Linnane
Tencent-backed DouYu prices IPO at $11.50 to raise $775 million: ReutersTencent-backed live-streaming company DouYu International Holdings Ltd. priced its initial public offering at $11.50 per American Depositary Share, the low end of its $11.50 to $14.00 price range, Reuters reported. The company sold 67.4 million ADS to raise $775 million, according to Reuters. It has applied to list on Nasdaq, under the ticker symbol "DOYU. Every 10 ADS is equal to one ordinary share.
2:58 a.m. July 17, 2019 - By Jeremy C. Owens
Netflix is about to pass yet another subscriber milestone Earnings Watch: Netflix to hit 150 million paying customers and IBM/Red Hat will enjoy their public debut as tech results begin When Netflix Inc. reveals its subscriber additions Wednesday afternoon, it should pass a milestone: 150 million paying subscribers.
2:57 a.m. July 17, 2019 - By Tomi Kilgore
With trade tensions escalating, here are 5 things to know about this earnings season Investors should brace for some bad news with all signs suggesting we are entering an earnings recessionThe second-quarter earnings season will kick off in earnest next week, and investors should brace for bad news with all signs signaling a second straight decline that will confirm an earnings recession.
8:31 a.m. July 16, 2019 - Barrons.com
Small-Cap Stock Picks for an Expensive Market, According to Delphi’s Scott Black Scott Black, a Barron’s Roundtable panelist and president of Delphi Management, recommends two stocks: electronics-components maker Kemet and TriplePoint Venture Growth, a business development company.
3:41 a.m. July 16, 2019 - By Tonya Garcia
Domino's shares sink after revenue missDomino's Pizza Inc. shares fell 5.7% in Tuesday premarket trading after the pizza-delivery chain reported second-quarter revenue that missed expectations. Net income totaled $92.4 million, or $2.19 per share, up from $77.4 million, or $1.78 per share, last year. Revenue of $811.6 million was up from $779.4 million last year. The FactSet consensus was for EPS of $2.02 and revenue of $837.0 million. The company said there was a decline in U.S. company-owned revenue due to the previously-announced sale of 59 locations to U.S. franchisees. U.S. company-owned same-store sales grew 2.1%, below the FactSet guidance for 3.3% growth. And U.S. franchise store same-store sales were up 3.1%, also below the 4.7% FactSet guidance. International stores experienced a 2.4% same-store sales increase, excluding the impact of foreign currency. Domino's shares have climbed 8.8% for the year to date while the S&P 500 index is up 20.2% for the period.
3:41 a.m. July 16, 2019 - By Tonya Garcia
Domino's shares sink after revenue missDomino's Pizza Inc. shares fell 5.7% in Tuesday premarket trading after the pizza-delivery chain reported second-quarter revenue that missed expectations. Net income totaled $92.4 million, or $2.19 per share, up from $77.4 million, or $1.78 per share, last year. Revenue of $811.6 million was up from $779.4 million last year. The FactSet consensus was for EPS of $2.02 and revenue of $837.0 million. The company said there was a decline in U.S. company-owned revenue due to the previously-announced sale of 59 locations to U.S. franchisees. U.S. company-owned same-store sales grew 2.1%, below the FactSet guidance for 3.3% growth. And U.S. franchise store same-store sales were up 3.1%, also below the 4.7% FactSet guidance. International stores experienced a 2.4% same-store sales increase, excluding the impact of foreign currency. Domino's shares have climbed 8.8% for the year to date while the S&P 500 index is up 20.2% for the period.
3:18 a.m. July 16, 2019 - By Emily Bary
IBM earnings: What’s the plan for Red Hat? IBM won’t update Red Hat outlook on earnings call but might still information about the acquisitionInternational Business Machines Corp. has hailed its acquisition of Red Hat as a “game-changer,” but now it’s time for the tech giant to prove itself.
11:04 p.m. July 15, 2019 - MarketWatch
Rio Tinto faces delays, costs for copper projectSYDNEY-- Rio Tinto PLC said it will take longer and cost more than expected to finish building one of the world's biggest copper mines in Mongolia's remote southern Gobi desert. Prospects of an around two-year delay to an underground mine at the Oyu Tolgoi operation risks worsening a global shortage of copper that is predicted to deepen in coming years.
2:12 p.m. July 15, 2019 - Associated Press
SpaceX identifies problem that caused April explosion during crew-capsule test Leaky valve blamed; astronauts unlikely to fly in capsule this yearA leaky valve caused a SpaceX crew capsule to explode during a ground test back in April, destroying the spacecraft and dealing a blow to the company’s effort to launch astronauts.
10:50 a.m. July 15, 2019 - By Tomi Kilgore
Containerboard stocks fall after KeyBanc cuts ratings on 4 companies to underweightShares of containerboard companies fell Monday, after KeyBanc Capital analyst Adam Josephson turned bearish on several companies in the sector, as industry fundamentals continue to deteriorate. Shares of WestRock Co. fell 2.7%, Sealed Air Corp. shed 2.2%, Packaging Corp. of America slumped 2.2% and International Paper Co. slid 1.0%. The stocks were the four-biggest decliners within the SPDR Materials Select Sector ETF , which edged up 0.1%. Josephson cut his ratings on all four companies to underweight from sector weight. Although containerboard fundamentals are "worse now than in recent years," Josephson said valuations are now lower than in line with historical averages. That suggests consensus estimates for the companies have further room to fall, which suggests the stocks are more likely to underperform over the next 9 to 12 months. The stocks' selloff comes as the materials ETF has climbed 15.7% year to date, while the S&P 500 has gained 20.1%.
6:19 a.m. July 15, 2019 - Barrons.com
Teva and Endo Are Falling Because Opioid Suits Aren’t Going Away The two generic drugmakers were down Monday morning, with Teva getting the worse of it, after a Morgan Stanley analyst downgraded them both, citing the ongoing litigation over prescription opioid sales.
4:18 a.m. July 15, 2019 - By Emily Bary
Earnings Watch: Expect drama in second-quarter numbers as trade fears weigh Fears of recession and trade-war casualties make second-quarter results more critical than usualSecond-quarter earnings are usually pretty sleepy, with forecasts for the back-to-school and holiday periods tucked away for later review amid summer vacation schedules. You may want to pay attention this year, though.
3:40 a.m. July 15, 2019 - MarketWatch
Barrick Gold, Antofagasta JV awarded $5.84 billionBarrick Gold Corp. (GOLD) said Monday that the World Bank International Center for Settlement of Investment Disputes has awarded $5.84 billion in damages to Tethyan Copper Company Pty Ltd., a joint venture held equally by Barrick and Antofagasta PLC (ANTO.LN), in relation to the arbitration claims filed against Pakistan following the denial of a mining lease for the Reko Diq project in Pakistan in 2011.
3:27 a.m. July 15, 2019 - By Ciara Linnane
Buyer beware: Endeavor IPO offers up a company with huge debt, volatile earnings, says Bernstein ‘There are also a number of existential risks,’ including bombastic UFC figures, relationships with talent, says reportInvestors eyeing the initial public offering of entertainment giant Endeavor Group Holdings Inc. need a strong stomach, as they will be buying into a company with high debt levels and unpredictable and volatile earnings.
3:09 a.m. July 15, 2019 - By Tomi Kilgore
Circor's stock tumbles after Crane threatens to end buyout bidShares of Circor International Inc. tumbled 14% in premarket trading Monday, after Crane Co. said it will end efforts to buy the engineered products maker unless Circor makes "substantive engagement" this week. Crane said it will not extend its tender offer for Circor shares, which is scheduled to expire at midnight Eastern on July 19. for Circor last week to $48 a share from $45 a share, and , saying it "substantially undervalues" the company. Circor's stock has rallied 17.3% over the past three months through Friday, while Crane shares have slipped 4.8% and the Dow Jones Industrial Average has gained 3.6%.
7:28 p.m. July 14, 2019 - By Mike Murphy
Peter Thiel says FBI, CIA should probe Google’s ‘seemingly treasonous’ ties to China Billionaire claims tech giant has been infiltrated, works with Chinese militaryBillionaire claims tech giant has been infiltrated, works with Chinese military
4:10 p.m. July 14, 2019 - By Mike Murphy
U.S. companies may soon get OK to sell to Huawei again: reportThe Trump administration may start approving certain U.S. companies to sell their products to China's Huawei Technologies Co. in as soon as two weeks, . U.S. chipmakers, including Qualcomm Inc. , Intel Corp. and Micron Technology Inc. , have reportedly pushed to resume sales to the Chinese tech giant, which bought about $11 billion worth of U.S. components in 2018. The U.S. banned most sales to Huawei in May, but Commerce Secretary Wilbur Ross has recently said sales licenses will be issued in cases where there is no national security risk. Reuters reported licenses will likely be issued on a case-by-case basis, starting in the next two to four weeks.
3:28 a.m. July 13, 2019 - By Philip van Doorn
These 6 stocks in the S&P 1500 have more than doubled in 12 months The flip side: 15 have plunged at least 75%The stock market’s flip side: 15 have plunged at least 75%.
5:16 p.m. July 12, 2019 - Barrons.com
A Cold War With China Has Already Started, Epoch’s William Priest Says William Priest, a Barron’s panelist and CEO of Epoch Investment Partners, says the trade war between the U.S. and China is “a lose-lose proposition.”
3:16 a.m. July 12, 2019 - By Ciara Linnane
Sunnova Energy to offer 17.6 million shares in IPO, priced at $16 to $18 eachSunnova Energy International Inc. set terms for its planned initial public offering, saying in a regulatory filing it plans to offer 17.6 million shares priced at $16 to $18 each. The Houston-based solar energy company would raise $316.8 million at the top of that range. Seven banks are underwriting the deal, led by BofA Merrill Lynch, JPMorgan and Goldman Sachs. Proceeds will be used to pay down debt and for general corporate purposes.
4:26 p.m. July 11, 2019 - By Therese Poletti
Rush to beat China tariffs drives PC shipments higher, but that may bode ill for rest of 2019 Confluence of events leads to surprise jump in computer shipments in second quarter, but could hurt the rest of the yearPersonal computer sales grew slightly in the second quarter, as companies tried to get more products out of China before more tariffs hit, combined with a better supply situation from Intel Corp.
2:19 p.m. July 11, 2019 - By Wallace Witkowski
Worldwide PC sales grow as Windows 7 support fadesWorldwide PC demand grew more than expected in the second quarter, propelled in part by a phasing out of support for Microsoft Corp.'s Windows 7 operating system, according to research firm International Data Corp. Sales of PCs rose 4.7% to 64.9 million units from the year ago quarter as supply shortages eased, IDC said. "With the January 2020 end of service (EOS) date for Windows 7 approaching, the market has entered the last leg of the Windows 7 to Windows 10 commercial migrations," said Linn Huang, IDC research vice president, in a statement. According to IDC, market share was 25.1% for Lenovo Group Ltd. , 23.7% for HP Inc. , 17.9% for Dell Technologies Inc. , 6.6% for Acer Group, and 6.3% for Apple Inc. . Earlier Thursday, research firm in PC sales to just under 63 million units but Gartner does not include Chromebooks that run on Alphabet Inc.'s operating system. Like IDC, Gartner attributed Windows 10 as a catalyst for growth.
11:04 a.m. July 11, 2019 - By Pierre Briançon
France wants global agreement on taxing digital sales after U.S. denounces new tax U.S. launches Section 301 investigation claiming France discriminating against companies like Google, FacebookFrance’s goal is to achieve a global agreement on taxing digital services, finance minister Bruno Le Maire said on Tuesday, after the U.S. government’ decided to launch an investigation into the new tax on sales in the country by multinational firms
6:39 a.m. July 11, 2019 - By Victor Reklaitis
Immigration raids reportedly set to begin | GOP donor Miriam Adelson wants ‘Book of Trump’ in bible Pete Buttigieg takes aim at systemic racism, as Bernie Sanders unveils anti-endorsementsNationwide raids to arrest thousands of members of undocumented immigrant families have been scheduled to begin Sunday, according to a New York Times report. Meanwhile, Miriam Adelson has an idea for the Jewish Bible.
6:12 a.m. July 11, 2019 - By Tonya Garcia
Brinker International's plan to purchase 116 Chili's restaurants could put share repurchase at riskBrinker International Inc.'s plan to acquire 116 Chili's Grill & Bar locations could put the company's share repurchase program at risk, according to Quo Vadis Capital. Brinker announced after the closing bell Wednesday that it has executed a letter of intent to acquire the Chili's restaurants from ERJ Dining, a 14-year franchisee. Brinker's restaurant brands include Chili's and Maggiano's Little Italy. The restaurants involved in the deal are mostly located in the Midwest and generate about $300 million in revenue annually. The deal is expected to close during the first quarter of fiscal 2020 and is expected to be earnings-per-share accretive in the fiscal year. Brinker will fund the deal using its existing credit. "It was unclear to us whether 'accretive' took into account lower share repurchase activity or if the deal would be accretive to ROIC [return on invested capital] compared to incremental return of capital, for example," Quo Vadis said, adding that analysts "lean neutral to negative on this acquisition pending more information." Brinker didn't disclose the value of the deal. Brinker stock has fallen nearly 22% over the past 12 months while the S&P 500 index has gained 8.1%.
4:14 a.m. July 11, 2019 - By Tomi Kilgore
Weight Watchers' stock jumps after J.P. Morgan backs off from bearish stanceShares of Weight Watchers International Inc. surged 3.5% in premarket trading Thursday, after J.P. Morgan analyst Christina Brathwaite said she was no longer bearish on the weight management and wellness company, citing her belief that subscriber trends have stabilized. Brathwaite raised her rating to neutral, after being at underweight since Feb. 19, and lifted her stock price target to $22 from $17. "We believe that steps taken to to dieting have worked to stabilize recruitment trends," Brathwaite wrote in a note to clients. "We believe investors are beginning to look past the expected ~50% earnings decline this year and instead focus on the potential growth opportunity in 2020 following the launch of a new diet program at the end of this year." The stock has rallied 18.2% over the past three months, but was still down 43.4% year to date, while the Dow Jones Industrial Average has gained 15.1% this year.
3:23 a.m. July 11, 2019 - By Tomi Kilgore
Circor rejects Crane's raised buyout bidCircor International Inc. said Thursday its board has unanimously decided to reject the latest buyout bid by Crane Co. , saying it "substantially undervalues the company and is low-value, highly conditional and opportunistic." Earlier this week, for Circor to $48 a share, which would imply a market capitalization of $955.2 million, from $45 a share. Circor's stock has more than doubled (up 113.2%) year to date, while Crane shares have advanced 12.9% and the S&P 500 has gained 19.4%.
1:15 a.m. July 11, 2019 - Barrons.com
Defense Companies Need to Merge or Die. 3 Companies That Could Get Bought. The Defense Department wants its large defense contractors investing more in research and development. Higher spending is one reason more mergers could happen.
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