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☆ Goldman warns these defense stocks could take a hit from Trump spending cuts
▼ + stars: | 2024-11-19 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.

Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S

☆ Our software stocks jump, and industrial earnings teach an investment lesson
▼ + stars: | 2024-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Dover CEO Richard Tobin discussed the dynamic on the company's third quarter earnings call earlier Thursday . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, it's, Tesla, ServiceNow, Salesforce, Oppenheimer, Textron, It's, We're, Richard Tobin, Tobin, Edwards Lifesciences, Dexcom, Newell, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones, Palo Alto Networks, Honeywell, Dover, Carrier Global, Aerospace, Union Pacific, United Parcel Service, Barclays, UPS, Federal Reserve, Boston Beer, Abbott Laboratories, Colgate, Palmolive, Centene, Newell Brands, New York Community Bancorp, Commerce Department, University of, Jim Cramer's Charitable Locations: Palo, Dover

☆ Katie Stockton says it's too early to buy the dip in Boeing, stick with aerospace winners
▼ + stars: | 2024-10-14 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Lockheed Martin, Katie Stockton Organizations: Boeing, Aerospace, Defense, U.S . Aerospace, Defense ETF, ITA, GE Aerospace, Lockheed, RTX Corp, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S, uptrends

☆ These are the 10 most valuable college degrees—all but 1 help grads earn six figures
▼ + stars: | 2024-10-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Electrical engineeringMedian salary: $115,000$115,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 47.6%2. Computer engineeringMedian salary: $112,000$112,000 Unemployment rate: 2.1%2.1% Percentage of workers with advanced degrees: 38.8%3. Petroleum engineeringMedian salary: $100,000$100,000 Unemployment rate: 0.9%0.9% Percentage of workers with advanced degrees: 39.2%4. Aerospace engineeringMedian salary: $105,000$105,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 48.9%5. Mechanical engineeringMedian salary: $100,000$100,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 38.9%7.

Persons: Bankrate, It's, Get Organizations: Survey, Computer, Petroleum, Aerospace, Bureau of Labor Statistics, Actuaries, CNBC

☆ Morgan Stanley says buying these quality defensive stocks is the best option for investors right now
▼ + stars: | 2024-08-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Morgan Stanley's preference for defensive quality stocks has only increased since June, even as major U.S. indexes have continued to reach new highs. Wilson highlighted his stock screen of quality and defensive names, which are long ideas with overweight ratings from the firm's analysts that are also in the top 1,000 universe by market cap. Take a look at some of Morgan Stanley's favorite names below: AbbVie made the cut as one of the firm's top quality and defensive stocks. Analysts surveyed by FactSet have a price target on AbbVie shares that suggest just 3.2% upside from its latest close. Other Morgan Stanley defensive and quality favorites include consumer discretionary names Walmart and Lowe's .

Persons: Morgan, Michael Wilson, Wilson, Morgan Stanley's, AbbVie, Northrop Grumman, Morgan Stanley, Kristine Liwag, Brian Nowak, Meta Organizations: Public Service Enterprise Group, Northrop Grumman, Federal, Aerospace, U.S, Walmart

☆ Eaton shares get dragged down in the market selloff despite a nice beat and raise
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

ETN YTD mountain Eaton YTD Shares of Eaton, which specializes in electrical components and power management systems, opened lower after a 6% gain in Wednesday's broader market rally. Data center energy demand drove record sales in Eaton's Electrical Americas and Electrical Global. Record sales were also recorded in Aerospace. Quarterly commentary While cash flow results were short of expectations, both operating cash flow (up 11% to $946 million) and free cash flow (up 10% to $759 million) represented second-quarter records. Operating cash flow is expected at $4.2 billion to $4.4 billion, and free cash flow is expected at $3.6 billion versus estimates of $4.4 billion operating cash flow and $3.56 billion free cash flow.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Management, Revenue, LSEG, Electrical, Aerospace, Electrical Global, Hannifin, DuPont, Honeywell, DD, CNBC, Eaton Corporation, NYSE Locations: Eaton, North America

☆ Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
▼ + stars: | 2024-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.

Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey

☆ Defense stocks historically benefited from Republican control. Analysts warn this may not be the case under Trump
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Defense has historically outperformed when there's been a single party in control across Congress and the executive branch — in particular, the Republican Party, according to Wells Fargo analyst Matthew Akers. However, Akers believes the defense sector may not benefit if there's a Republican sweep this election cycle. Another two years of low growth for both defense and non-defense looks likely to us," Akers wrote in a Tuesday note. The firm said a Trump presidency is positive for the defense sector. The firm cited the Republican Party's platform, which highlights a "strong military," restoring peace and "made in America" defense systems.

Persons: there's, Wells, Matthew Akers, Donald Trump, Joe Biden, Akers, Trump, TD Cowen Organizations: GOP, Defense, Republican Party, Democrat, Republican, NATO, Ukraine, Caucus, China, Boeing, " Aircraft, Akers, U.S . Aerospace & Defense ETF, ITA Locations: Wells Fargo, U.S, China, America

☆ Here are the top stocks to own for the second half, according to BTIG
▼ + stars: | 2024-07-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

BTIG shared its newest additions to its list of top stock picks heading into the second half of 2024. With this backdrop in mind, BTIG shared its list of top stock picks going into the second half of the year. However, analyst Janine Stichter's $425 price target implies that shares could rise about 42% from Friday's close. Her price target of $156 is approximately 37% higher than the stock's Friday closing price of $113.69. Other existing names on BTIG's list of top stock picks include Steve Madden , Block and Domino's Pizza .

Persons: BTIG, Jonathan Krinsky, Russell, Krinsky, Janine Stichter's, LULU, Northrop Grumman, Andre, Madrid, Marie Thibault, Thibault, Okta, Gray Powell, Steve Madden Organizations: Aerospace, Northrop, of Locations: Friday's

☆ We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
▼ + stars: | 2024-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Building automation was down year over year as growth in the longer-cycle solutions business was offset by continued weakness in the shorter-cycle products business. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: it's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, Emerson, Aerospace, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: management's, UOP, New York

☆ British investment bank says buy defense stocks, brace for $100 oil and 10% stock market correction
▼ + stars: | 2024-04-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Oil prices were slightly lower Monday as Israel, aided by the U.S., fended off Iran's aerial barrage. The investment bank believes aerospace and defense stocks could outperform in the short run in light of growing geopolitical risks. The biggest ETF in the industry is the iShares U.S. Aerospace & Defense ETF (ITA) , with about $5 billion in assets under management. Invesco Aerospace & Defense ETF (PPA ) and SPDR S & P Aerospace & Defense ETF (XAR) are two other popular offerings. To be sure, Liberum thinks the stock market could quickly reverse any losses as soon as the tensions in the Middle East ease.

Persons: Israel retaliating, Liberum, — CNBC's Michael Bloom Organizations: Liberum, U.S ., Federal Reserve, West Texas Intermediate, May, U.S . Aerospace & Defense ETF, ITA, Invesco Aerospace & Defense ETF, P Aerospace & Defense ETF Locations: Iran, Israel, Damascus, Syria, U.S

☆ This veteran investor is buying 'old economy' stocks that are embracing AI
▼ + stars: | 2024-03-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Tengler named several attractively valued stocks she called the "picks and shovels" of AI, including Emerson Electric , L3Harris Technologies , Visa , Walmart and McDonald's . These companies are expected to boast continued strong growth and stock performance, aided by AI, she said. "Generative AI is much more compelling of a story than then the internet was in many ways," in terms of fueling productivity and growth, Tengler said. Walmart, another of Tengler's top "old economy" AI plays, has gained 14.4% so far this year, double the broader market. "They've benefited from embracing not just robotics and digitization, but generative AI in their e-commerce business and in improving margins," Tengler said of Walmart.

Persons: Nancy Tengler, Tengler, Berenberg, Emerson, L3Harris, Seth Seifman, They've, they've Organizations: Investments, Nvidia, Meta, Emerson Electric, L3Harris Technologies, Visa, Walmart, Aerospace, Defense Department, JPMorgan, Broadcom, Amazon, Microsoft Locations: Arizona, Friday's, Melbourne , Florida

LOS ANGELES (AP) — U.S. aerospace company Stratolaunch conducted the first powered test flight of a new unmanned craft for hypersonic research on Saturday and called it a success. Hypersonic describes flights at speeds of at least Mach 5, or five times the speed of sound. The Talon, powered by a liquid-fuel rocket engine, ended its flight by descending into the ocean as planned. The company called the result a major milestone in the development of the United States' first privately funded, reusable hypersonic test capability. That project was canceled, and new owners then repurposed Stratolaunch for launches of reusable hypersonic research vehicles.

Persons: Stratolaunch, Zachary Krevor, ” Krevor, Roc, Paul G, Allen Organizations: ANGELES, —, Mojave Air, Space, Microsoft, U.S . Air Force Research Laboratory Locations: — U.S, California, United States, Los Angeles, Reston , Virginia

☆ Chip stocks soar — plus, this lagging industrial is due for a catch-up trade
▼ + stars: | 2024-03-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In fact, about half of the S & P 500's industrial stocks have hit records high since the start of 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell, Jim, Shrugging, Eli Lilly, It's, Lilly, Cramer, Linde, TJ Maxx, we'll, Jim Cramer's, Alwyn Scott Organizations: CNBC, Federal, Qualcomm, Broadcom, Nvidia, Arm Holdings, Devices, Novo Nordisk, Club, Palo Alto, Palo, Honeywell, Aerospace, Berenberg, Eaton Corp, Burlington Stores, Marshalls, TJX Companies, Costco, Marvell Technology, Inc, Bloomberg, Jim Cramer's Charitable, Honeywell Aerospace Locations: cybersecurity, America, Phoenix

☆ Honeywell's stock decline on light sales, conservative guidance is a buy. Here's why
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While earnings, profit margins, and cash flow came in slightly ahead of expectations, sales were light across the board. Segment margin , similar to an adjusted operating income margin, grew 64 basis points to 23.5%, slightly ahead of expectations and ahead of the high-end of management's previous forecast. Segment margin performance was largely better than expected, with the exception of Building Technologies, and cash flow generation came in solidly above expectations. Where they landed on guidance both in terms of sales and margin performance, and therefore earnings, hinges on the short-cycle recovery. Full-year segment margin guidance of 23.15% at the midpoint was higher than estimates.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Honeywell, Revenue, Aerospace, Technologies, Solutions, Carrier Global, Materials, Technology, Productivity Solutions, Services, Aerospace Technologies, Industrial Automation, Energy, Sustainability Solutions, Industrial, CNBC, Getty Locations: U.S, UOP, buybacks

☆ Boeing needs to get the product quality right, says Goldman Sachs' Noah Poponak
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing needs to get the product quality right, says Goldman Sachs' Noah PoponakNoah Poponak, Goldman Sachs U.S. aerospace and defense analyst, joins 'Squawk Box' to discuss Boeing's quarterly earnings results, which narrowed its losses at the end of last year, the manufacturer’s 737 Max 9 crisis, and more.

Persons: Goldman Sachs, Noah Poponak Noah Poponak, Goldman, Max Organizations: Boeing, Goldman Sachs U.S Locations: Goldman Sachs

Casino magnate Steve Wynn spent the night of the New Hampshire primary alongside Trump. Ron DeSantis’ biggest financial backers and donated $20 million to the super PAC backing DeSantis’ presidential bid. While some of these high-dollar financiers are coming around to Trump, others have shifted to former South Carolina Gov. Her fundraising swing through New York City is expected to bring in $1.5 million in new donations, according to a Haley campaign official. We are anywhere and everywhere in South Carolina.

Persons: Donald Trump, Steve Wynn, Robert Bigelow, Las Vegas businessman Don Ahern, Trump, Ahern, Bigelow, Ron DeSantis, DeSantis, Rebekah Mercer, Nikki Haley, MAGA, Haley – Trump’s, –, Haley, Charles Koch, Susie Wiles, Ken Griffin, Paul Singer, Ricketts, Griffin, Haley’s, ”, “, ” Griffin, Zia Ahmed, Ahmed, Dave McCormick’s, Tim Sheehy’s, Ken Langone, Cliff Asness, Stanley Druckenmiller, Nikki, ” Asness, “ We’ve, CNN’s Ebony Davis Organizations: CNN, Casino, New, Trump . Aerospace, Las Vegas businessman, Trump, Florida Gov, GOP, Mercer, Politico, South Carolina Gov, Inc, South Carolina, Republican, Prosperity, American Opportunity Alliance, Chicago Cubs, Citadel, U.S . House, ”, Republicans, Wall, AQR Capital Management, South, CBS News Locations: Lago, New Hampshire, Las, Trump’s, Nevada, Palm Beach , Florida, Florida, Trump, Kansas, Palm Beach, Pennsylvania, Montana, New York, New York City, ”, South Carolina

☆ Greenlight’s David Einhorn ends his buyers' strike, finds a few 'promising' new stocks
▼ + stars: | 2024-01-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"We ended our buyers' strike and found several promising new investments that we believe will help us in 2024," the hedge fund manager said in an investor letter dated Monday and obtained by CNBC. Einhorn had stopped building new stock positions at one point in the fourth quarter due to worries about intensifying geopolitical risks. Because of his conservative positioning, his hedge fund, particularly the short side, was hurt during 2023's strong year-end rally. Einhorn's hedge fund returned 22.1% in 2023, net of fees and expenses. His stellar track record made him one of the most followed hedge fund managers on Wall Street.

Persons: Capital's David Einhorn, Einhorn, he's, Greenlight, drugmaker, He's, CNBC's Leslie Picker Organizations: CNBC, Cornell grad, Greenlight Capital, Wall, Pfizer, Syensqo, U.S . Aerospace & Defense, Invesco Aerospace & Defense, P Aerospace & Defense Locations: Belgian, U.S

☆ The Bodily Indignities of the Space Life
▼ + stars: | 2023-11-12 | by ( Kim Tingley | ) www.nytimes.com time to read: +5 min

But the space-based medical science needed to make that possible has been hindered by small sample sizes that aren’t representative of the general population. As less-rigorous medical screening allows more tourists to reach space, the chances increase significantly that someone will get hurt or have a health emergency there. And if we survived those perils, wouldn’t escalating pressure in our skulls kill us after a week or so? Initially, many space travelers puke, or at least feel motion-sick — space-adaptation syndrome, or S.A.S., is what such nausea, headache and vomiting are called outside our atmosphere. symptoms in the 1970s, when they heard Skylab astronauts talking about it with one another over a hot mic.

Persons: Donoviel, TRISH, ” Donoviel, Yuri Gagarin, humanity’s, hadn’t, Gagarin, ”, Jan Stepanek, “, acclimate Organizations: Apollo, Institute, Space Health, Baylor College of Medicine, NASA, Aerospace, American Board of Preventive, Mayo Clinic Locations: Scottsdale, Ariz

☆ Growing geopolitical conflicts have some investors feeling guilty about buying defense stocks
▼ + stars: | 2023-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He went on to list the names and performances of defense-focused funds including the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) . As the latest geopolitical conflict escalates, these investors are ignoring defense stocks despite the market axiom that those holdings tend to perform better in times of war. Indeed, the iShares U.S. Aerospace & Defense ETF popped more than 4% in the week following Hamas' Oct. 7 attack and went on to finish October up about 3.7%. Ignoring market wisdomRetail traders poured into defense stocks and funds in the aftermath of the invasion, but inflows have since cooled, according to Vanda Research. But not everyone sees the intensifying conflict as a moment to invest in defense stocks.

Persons: Kenneth Suna, Suna, Vanda, Sow, Andrew Behar, it's, Behar, Hannah Beier, Jason Aiken Organizations: Raytheon, U.S . Aerospace & Defense ETF, P Aerospace & Defense ETF, D.C, CNBC, U.S . Aerospace & Defense, Vanda Research . Defense, Trust, Scranton Army, Plant, Getty, General, Funds Locations: Israel, U.S, Washington, Scranton, Scranton , Pennsylvania, Russia, Ukraine

Quarterly earnings reports for our industrial stocks begin this week amid an uncertain operating environment. HON YTD mountain Honeywell (HON) year-to-date performance Honeywell and Linde are the first two of the group to report — on Thursday before the bell. This was positive to see and it's reasonable to expect a clean quarter led by aerospace, Honeywell's largest business. Linde has beat and raised for 18 consecutive quarters, and history is likely to repeat itself when the industrial gas company reports. EMR YTD mountain Emerson Electric (EMR) year-to-date performance Emerson Electric is the last of our industrial names to report, on Nov. 7 before the opening bell.

Persons: we're, Stanley Black, Decker, —, CNBC's Jim Cramer, it's, Jim, You've, Vimal Kapur, Linde, Jack Umpleby, Emerson, Jim Cramer's, Jim Cramer, Wang Chun Organizations: Caterpillar, Honeywell International, Emerson Electric, Linde, LIN, DuPont De Nemours, Honeywell, LSEG, Aerospace, Electric, GE, Club, U.S, Management, CAT, Act, DuPont, Electronics, Emerson, National Instruments, SWK, CNBC, Future, Getty Locations: North America, China, Lianyungang, East China's Jiangsu

Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus(AIR.PA), are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data. The target may no longer be achievable if Boeing can no longer meet its goal of delivering 400 737s this year. Spirit, which reports Nov. 1, has already revealed preliminary results as part of a new price agreement with Boeing.

Persons: Benoit Tessier, Whitney, Rob Stallard, ” RTX, Ron Epstein, Vertical's Stallard, Patrick Shanahan, Pat, Michel Merluzeau, Shanahan, Valerie Insinna, Pratyush Thakur, Ben Klayman, Josie Kao Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Pratt, U.S, Airbus, Research, LSEG, ” Bank of America, Thomson Locations: Le Bourget, Paris, France, Washington, Bengaluru

Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. "Such an escalation could lead to increased oil prices, concerns about oil supply, and the potential for a global economic downturn." In the unlikely event the United States sends troops into the Middle East, Belote expected a $20 jump in oil prices, "if not more". "Israel has better relations with other Arab countries compared to then," JP Morgan private bank strategist Madison Faller said in a note, "and global oil supply is not as concentrated." Reuters Graphics5/ TECH JITTERSWhat's good for oil stocks can be bad for big tech.

Persons: Abdel Hadi Ramahi, Hamza Meddeb, Malcolm H, Brent Belote, Belote, JP, Madison Faller, Nadia Martin Wiggen, Alessia Berardi, Amundi's Berardi, Trevor Greetham, Morgan Stanley, Jeff, London's Greetham, Naomi Rovnick, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Sharon Singleton Organizations: United Arab Emirates, REUTERS, Kerr Carnegie Middle East Center, Oil, JP Morgan, Svelland, Reuters Graphics Reuters, U.S, Reuters, Swiss, Royal, Aegon, Deutsche Bank, Aerospace, Thomson Locations: Dubai, United Arab, Israel, Gaza, Beirut, IRAN, Iran, U.S, United States, Arab, Turkey, Ukraine, Egypt, Jordan, Iraq, Saudi Arabia, Qatar, Bahrain, Suez, London

☆ What the Israel-Hamas war means for defense stocks
▼ + stars: | 2023-10-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine, the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop Grumman’s shares jumping about 20%. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Lockheed Martin, Northrop Grumman, ”, Jim Taiclet, “ That’s, JPMorgan Chase, Jamie Dimon, “, ” Sam Stovall, Joe Biden’s, Northrop Grumman’s, Raffi Boyadjian, Goldman Sachs, David Solomon, “ David, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, it’s, Lloyd Blankfein, they’re, Elon Musk’s, Elon Musk, X, Clare Duffy Organizations: CNN Business, Bell, New York CNN, U.S . Aerospace & Defense ETF, Raytheon, Lockheed, Boeing, General Dynamics, Northrop, “, Lockheed Martin Corporation, titans, Hamas, JPMorgan, Defense, XM, Treasury, CNN, Revenue, Twitter Locations: New York, Israel, U.S, Ukraine, Kippur, Kuwait, South Beach, New Zealand, Philippines

☆ Why defense stocks may keep moving higher following initial gains on the Israel-Hamas war
▼ + stars: | 2023-10-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts expect defense stocks will continue to move higher as a result of the outbreak of the Israel-Hamas war making it less likely Congress will delay or curb the nation's defense budget. Defense stocks have underperformed as a group this year amid concerns that partisan divisions in Washington point to lower military spending. Notably, Bernstein analyst Douglas Harned doesn't expect the Israel-Hamas conflict will change the path of U.S. defense spending. He cited prior conflicts, such as Russia's invasion of Ukraine last year, that didn't end up boosting the defense budget. LMT 5D mountain Lockheed Martin Regardless, Wall Street broadly anticipates defense stocks could continue rising from current levels.

Persons: Scott Deuschle, Deuschle, Jason Gursky, Bernstein, Douglas Harned doesn't, Harned, Martin, Northrop, Morgan Stanley, Lockheed Martin Organizations: Defense, U.S . Aerospace & Defense ETF, ITA, Wall Street, Defense Department, Pentagon, Deutsche, Citi, Deutsche Bank, Northrop Grumman, Lockheed, Israeli Defense Forces, L3Harris, Army Locations: Israel, Washington, U.S, Gaza, Ukraine, Congress, China, Russia, North Korea

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