DIRS.INFO The most relevant business & tech news

☆ Rockwell Automation misses quarterly forecasts on shipping delays
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Rockwell Automation (ROK.N) on Tuesday reported third-quarter sales and profit below expectations after shipping delays impacted its ability to get goods to customers. "This transition impacted the timing of shipments within the second half of the fiscal year," he added. Rockwell Automation earned $3.01 per share on an adjusted basis in the third quarter through June, missing analysts' average estimate of $3.17 per share, based on Refinitiv data. Overall, its sales rose about 14% to $2.24 billion, also below estimates of about $2.3 billion. Reporting by Nathan Gomes in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Blake Moret, Nathan Gomes, Milla Nissi Organizations: Rockwell Automation, Thomson Locations: Bengaluru

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ Biden to meet with leaders of South Korea, Japan at Camp David
▼ + stars: | 2023-07-28 | by ( Nikki Carvajal | ) edition.cnn.com time to read: +3 min

As CNN previously reported, the leaders of South Korea and Japan promised to resume ties in a fence-mending summit in March – the first such meeting in 12 years – as the two neighbors sought to confront threats from North Korea and rising concerns about China. Mutual visits by Japanese and South Korean leaders had been suspended as ties soured over several issues, including a dispute over proper compensation of South Koreans who were forced to work in Japan during the Japanese occupation of South Korea in the early 20th century. In recent years the often fraught relations have undermined efforts by the United States to present a united front against North Korea – and the growing assertiveness of Beijing. The two East Asian neighbors have a long history of acrimony, dating back to Japan’s colonial occupation of the Korean Peninsula a century ago. Biden met with both leaders for a trilateral meeting in May 2023 in Hiroshima, Japan, during the G7 meeting and in June 2022 at the NATO summit in Madrid.

Persons: Joe Biden, Kishida Fumio, Yoon Suk, Camp David, “, ”, David, Biden, Barack Obama, John Kirby, Yoon, Kishida, they’ve, ” Kirby Organizations: CNN, South, Camp, White, DPRK, ASEAN, United States National Security, ROK, Mutual, North Korea –, NATO Locations: United States, Japan, Republic of Korea, South Korea, North Korea, China, Beijing, Hiroshima, Madrid

☆ North Korea said the US' latest military actions 'may fall under the conditions' Pyongyang has set for a nuclear first strike
▼ + stars: | 2023-07-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

On Thursday, North Korea's defense minister made a veiled threat about a nuclear first strike. He said the US' latest actions could possibly fall under conditions Pyongyang set for a nuke launch. Kang accused the US and South Korea, whom he called a "military gangsters' group," of crossing a "red line." Kang's threat comes after North Korean dictator Kim Jong Un passed a new "irreversible" law in September officially permitting his government to launch a nuclear first strike. Pyongyang maintained at the time that nuclear weapons would only be used as a last resort.

Persons: Kang Sun, It's, Kang, Yoon Suk Yeol, Kim Jong Un, Kim Organizations: Service, Yonhap News Agency, South, ROK, North Locations: Pyongyang, USS Kentucky, Busan, Wall, Silicon, Washington, Ohio, South Korea, Seoul, North Korean, China, American, North Korea

Seoul, South Korea CNN —For the first time in decades, a nuclear capable US Navy ballistic missile submarine has made a port call in South Korea, in a move that comes just days after North Korea test-fired what it said was a solid-fueled intercontinental ballistic missile. The presence of the Ohio-class ballistic missile submarine in the South Korean port city of Busan was announced by the country’s Defense Ministry on Tuesday afternoon. The NCG is a joint US and South Korean panel set up by the countries’ leaders at a summit in Washington in April. The Nuclear Threat Initiative at the James Martin Center for Nonproliferation Studies estimates that each Trident missile can carry four nuclear warheads, meaning each US ballistic missile submarine could be carrying about 80 nuclear warheads. One arriving in South Korea on a port visit – which must be arranged 24 to 48 hours in advance – would be far more visible, giving North Korea an advantage, Schuster said.

Persons: Kurt Campbell, Kim Yo Jong, Kim Jong Un, ”, Kim, “, James Martin, Joe Biden, Yoon Suk, ” Biden, Biden, Yoon, ” Carl Schuster, ” Blake Herzinger, Schuster, Kim Jong, we’ve, ” Schuster Organizations: South Korea CNN —, North, country’s Defense, US National Security Council, Nuclear Consultative, DPRK, Democratic, Nuclear, James, James Martin Center, Nonproliferation, Trident, South, ROK, US Navy, Pacific Command’s Joint Intelligence Center, Pacific, United States Studies Centre Locations: Seoul, South Korea, North Korea, Ohio, Korean, Busan, Washington, Korea, Democratic People’s Republic of Korea, Pyongyang, United States, Hawaii, –

☆ Here's a rapid-fire update on all 35 stocks in our portfolio — including 2 rating changes
▼ + stars: | 2023-07-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.

Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao

☆ U.S. manufacturing jobs are coming back home — and these industrials stand to gain
▼ + stars: | 2023-06-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The Club's industrials are set to profit from a burgeoning trend of companies bringing manufacturing jobs back to the U.S. from overseas. As companies reconstruct supply chains in the wake of the Covid-19 pandemic, Mizuho analysts see a multiyear revenue benefit for Western industrials. But companies that enable manufacturing automation, including Emerson, follow closely behind as "core beneficiaries" of the reindustrialization cycle, according to Mizuho. Meanwhile, Mizuho pointed to Honeywell as one of the companies offering a more diversified way for investors to gain reshoring exposure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Stanley Black, Decker, Mizuho, Wall, Emerson, Eaton, Hubbell, Emerson —, —, Reshoring, Frank Dellaquila, Rockwell, Jim Cramer's, Jim Cramer, Jim, Timothy Aeppel Organizations: Mizuho, Emerson, Honeywell International, Honeywell, Emerson Electric, Stanley, Western, National, Rockwell Automation, Citigroup, Citi, Caterpillar, Linde, LIN, U.S . Companies, Taiwan Semiconductor Manufacturing Company, CAT, CNBC, Workers, Emerson Electric Co Locations: U.S, North Carolina, Mizuho, Marshalltown , Iowa

The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. But with a tight labor market, companies are incorporating more automation and robotics into these brand new factories. Another robotics company Daryanani picked was Azenta . Sakraida said it could see upside as it gradually exposes itself more to the reshoring trend. It's working toward becoming a pure-play automation company," Sakraida said.

Persons: Jonathan Sakraida, reshoring, Carol Schleif, BMO's, Amit Daryanani, Daryanani, chipmakers, Morgan Stanley, industrials, Jonathan Coleman, Janus Henderson, Sakraida, Chris Snyder, Rockwell, — CNBC's Michael Bloom Organizations: UBS, Labor, BMO Family, HP, Janus Henderson Investors, Lincoln Electric, Rockwell Automation, ROK, Emerson Electric, Emerson Locations: U.S

☆ Japan tells US it wants closer cooperation to deal with North Korea
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

[1/5] US Secretary of Defense Lloyd Austin and Japanese Defense Minister Yasukazu Hamada shake hands at the end of a joint press conference after their meeting at the Japanese Defense ministry in Tokyo, Japan, 01 June 2023. After Japan, Secretary of Defense Austin will travel to Singapore, India and... Read moreTOKYO, June 1 (Reuters) - Japan's Defense Minister Yasukazu Hamada on Thursday told U.S. Defense Secretary Lloyd Austin he wanted to deepen security cooperation with Washington and South Korea after North Korea's failed rocket launch. "We need to strengthen ties between Japan and the U.S. and also between Japan, the U.S. and ROK (Republic of Korea), as it possible that North Korea launches again," Hamada told Austin at a meeting in TokyoAustin was in Japan on a stopover on his way to Singapore for the Shangri-La Dialogue Asian security summit. The failed North Korean launch of what it said was a military satellite on Thursday prompted emergency alerts in parts of Japan and South Korea, with residents warned to take cover. Austin told Hamada he wanted to bolster cooperation between their alliance, South Korea and Australia, as they also face challenges posed by China and Russia.

Persons: Defense Lloyd Austin, Yasukazu Hamada, Defense Austin, Read, Lloyd Austin, Hamada, Austin, Tim Kelly, Mariko Katsumura, Tom Hogue, Gerry Doyle Organizations: Defense, Japanese Defense, Japan's Defense, Thursday, U.S . Defense, ROK, Korea, Thomson Locations: Tokyo, Japan, Singapore, India, TOKYO, Washington, South Korea, North, U.S, Republic of Korea, Tokyo Austin, France, Australia, China, Russia

Recent market volatility and uncertainty regarding the U.S. economy has Wall Street analysts torn about where some stocks are headed in the upcoming months. The stock has buy or overweight ratings from 20% of analysts, while another 20% rates it as sell or underweight. More than half of the analysts covering the stock give it a buy rating. Nonetheless, 24% of analysts have a sell rating on it. More than 30% of analysts have buy ratings on the stock, whereas 23% have a sell rating.

Organizations: ~$ $

☆ Rockwell Automation faces U.S. government probe over China ops - WSJ
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - The U.S. government is investigating whether Rockwell Automation Inc (ROK.N) is exposing U.S. infrastructure, military and other government assets to potential cyber attacks through one of its China-based facilities, the Wall Street Journal reported. The report also said investigators are looking into potential vulnerabilities that may allow access from China to critical U.S. government and industrial infrastructure and computer systems. Shares of Rockwell, which did not immediately respond to a Reuters request for comment, were down 1.35% at $274 in premarket trade. The Milwaukee-based company sells factory automation and robotics control software that caters to industries including aerospace, marine and automotive segments. In its most recent quarter, Rockwell reported a near 26% rise in its quarterly sales thanks to industrial demand.

☆ Emerson's quarterly earnings beat shows skeptical investors the industrial is back on track
▼ + stars: | 2023-05-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Emerson stock climbed roughly 4% in midday trading, to more than $85 a share. Quarterly commentary Amid mounting economic uncertainty, Emerson's end-markets remain healthy, with underlying sales expected to continue to grow about 7% for the remainder of the year. It's hybrid manufacturing business is seeing underlying sales grow at a high-single-digit percentage, driven by strong reshoring trends in life sciences and investment in lithium and battery metals. And in its discrete manufacturing business, Emerson continues to forecast mid-single-digit underlying sales growth thanks to battery manufacturing investments in the U.S. and Asia. Guidance For Emerson's fiscal third quarter, management expects net sales growth in the range of 10.5% to 12.5% and underlying sales growth in the range of 10% to 12%.

“We need to have tabletop exercises that go through a variety of scenarios, including possibly nuclear weapons,” a senior official told CNN earlier this month. Leaks loomRecent online leaks of Pentagon documents involving South Korea also loom over the visit. One of the leaked documents describes, in remarkable detail, a conversation between two senior South Korean national security officials about concerns by the country’s National Security Council over a US request for ammunition. Plans and pompWednesday’s events mark just the second state visit of the Biden presidency (Biden hosted French President Emmanuel Macron and his wife Brigitte in December 2022). President Joe Biden, first lady Jill Biden, South Korea's President Yoon Suk Yeol and his wife Kim Keon Hee visit the Korean War Veterans Memorial in Washington, Tuesday.

WASHINGTON, April 26 (Reuters) - President Joe Biden and South Korean leader Yoon Suk Yeol are expected to agree on Wednesday to deepen collaboration meant to deter nuclear escalation by North Korea amid heightened anxiety about its growing arsenal of missiles and bombs, U.S. officials said. The Republic of Korea is South Korea's official name. The officials stressed that no U.S. nuclear weapons would be returned to the peninsula, and South Korea would continue not to have control over the U.S. nuclear arsenal. South Korea will also reaffirm its commitment to the nuclear non-proliferation treaty and its non-nuclear status, they said. It is only the second state visit Biden has hosted since he took office two years ago - the first such guest was France's president.

☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ South Korea, US, Japan hold anti-submarine drills to counter North Korea threats
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Crews are seen on the flight deck of the USS Nimitz, off the coast of Busan, South Korea, 27 March 2023. Jeon Heon-Kyun/Pool via REUTERSSEOUL, April 3 (Reuters) - The navies of South Korea, the U.S. and Japan will hold two days of anti-submarine exercises starting Monday to better counter North Korea's evolving nuclear and missile capabilities, South Korea's defence ministry said. The trilateral drills come as North Korea unveiled last week new, smaller nuclear warheads, vowed to produce more weapons-grade nuclear materials to expand its arsenal, and boasted of what it called a nuclear-capable underwater attack drone. This week's exercises will use a mobile anti-submarine warfare training target to improve the capabilities needed to detect, track and destroy North Korean underwater threats, the ministry said. The three countries last held trilateral anti-submarine drills in September - the first time in five years - amid tension over North Korea's unprecedented number of missile tests.

The summit is the same week as major South Korea-U.S. military drills that routinely anger Pyongyang, and North Korea has already staged multiple missile launches - a backdrop for the message that Japan, South Korea and the United States need to close ranks. In November South Korea and Japan agreed to exchange real-time intelligence on North Korea's missile launches, which experts say will help both countries better track potential threats. "South Korea is already taking a side and entering the Cold War," said Kim Joon-hyung, a former chancellor of the Korean National Diplomatic Academy. Yoon said high-tech cooperation on supply chains between Japan and South Korea would contribute significantly to economic security. 'SHARED INTERESTS'Washington had pressed for reconciliation, but a State Department spokesperson said the recent arrangements were the result of bilateral discussions between Japan and South Korea.

☆ Biden to host S.Korea's Yoon for state visit April 26 -White House
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, March 7 (Reuters) - U.S. President Joe Biden will host South Korean President Yoon Suk Yeol for a state visit on April 26, the White House said on Tuesday. "The upcoming visit celebrates the 70th anniversary of the U.S.-ROK alliance, which is critical to advancing peace, stability, and prosperity for our two countries, the Indo-Pacific, and around the world," White House Press Secretary Karine Jean-Pierre said in a statement. The visit will highlight the United States' "unwavering commitment" to South Korea, she said. The state visit is the second of Biden's administration, she said. Reporting by Susan Heavey; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea's new 'stealthy' fighter jet just hit a supersonic milestone
▼ + stars: | 2023-02-17 | by ( Maya Carlin | ) www.businessinsider.com time to read: +4 min

South Korea's KF-21 Boramae "Fighting Hawk" made its first supersonic flight in January. Roughly 65% of the KF-21's parts are domestically produced, a major feat for South Korea. Positioned near the PRC and the Hermit Kingdom, South Korea considers aerial-defense capabilities to be paramount to its security. ReutersDespite its advanced electronics capabilities, Seoul refers to its KF-21 fighter as a 4.5-generation fighter. The Boramae's recent test flight makes Seoul the eighth nation to produce a supersonic fighter.

☆ Morgan Stanley sees this industrial robotics stock as an 'automation pure play'
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite being in a weird moment as a business, Morgan Stanley said Rockwell Automation is still a good way to play the automation trend. Analyst Joshua Pokrzywinski has an overweight rating on the industrial robotics and automation stock. Rockwell focuses on industrial automation — increasingly attractive as businesses look to find a substitute for labor, and to trim labor costs. Pokrzywinski called Rockwell an "automation pure play," noting it's in the middle of an "unusual" business cycle. Those investments could result in a 4% to 5% annual growth in capital spending on U.S. manufacturing, according to Morgan Stanley estimates.

☆ South Korea Foreign Minister Park touts U.S. 'extended deterrence' after Blinken talks
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. Secretary of State Antony Blinken and South Korean Foreign Minister Park Jin attend the signing ceremony of a memorandum of understanding and joint news conference at the State Department in Washington, U.S. February 3, 2023. REUTERS/Jonathan ErnstWASHINGTON, Feb 3 (Reuters) - South Korea Foreign Minister Park Jin said after meeting U.S. top diplomat Antony Blinken on Friday that Seoul and Washington were committed to strengthening "extended deterrence" in relation to North Korea. South Korea has sought assurances over extended deterrence, referring to the ability of the U.S. military to deter attacks on U.S. allies, amid concerns over Pyongyang's increasing missile and nuclear capabilities. Any provocations by North Korea will be met with a firm and united response." Major car producer South Korea has sought talks with the United States over the Inflation Reduction Act (IRA), which excludes electric vehicles assembled outside of North America from tax credits in the United States.

☆ Austin in South Korea as Yoon seeks greater U.S. nuclear assurances
▼ + stars: | 2023-01-30 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/2] U.S. Secretary of Defense Lloyd Austin is greeted by military officials upon his arrival at the Osan Air Base in Pyeongtaek, South Korea January 30, 2023. Lee Jin-man/Pool via REUTERSSEOUL, Jan 31 (Reuters) - The defence chiefs of the United States and South Korea will hold talks on Tuesday in Seoul as Washington seeks to reassure a key Asian ally over its nuclear commitment amid growing threats from North Korea. The latest meeting comes as South Korea pushes to bolster confidence in American extended deterrence - its military capability, especially nuclear forces, to deter attacks on its allies. Nuclear-armed North Korea launched an unprecedented number of missiles last year, including intercontinental ballistic missiles (ICBMs) capable of reaching the U.S. mainland. The North's evolving threats had also revived calls from some politicians and experts in South Korea for bringing back U.S. tactical nuclear weapons or even developing its own nuclear programmes, though Seoul officials dismissed such a possibility.

☆ Rockwell raises FY profit outlook on industrial automation strength
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

Jan 26 (Reuters) - Rockwell Automation Inc (ROK.N) on Thursday raised its 2023 profit outlook on high demand for industrial automation machines amid a tight labor market. Demand in red-hot automation stayed resilient, as companies invested more to offset labor shortages. Sales in the reported quarter at Rockwell's intelligent devices segment, which deals with industrial components rose about 4% to $936.2 million. Overall quarterly sales for Rockwell rose to $1.98 billion from $1.86 billion a year earlier. Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Three-Stock Lunch: TSLA, V & ROK
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: TSLA, V & ROKCraig Johnson of Piper Sandler joins 'Power Lunch' to discuss three stocks he's watching now: Tesla, Visa and Rockwell Automation.

Search resuls for: "ROK"

25 mentions found