DIRS.INFO The most relevant business & tech news

☆ 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

☆ This little known aerospace stock could rally 30%, Goldman Sachs says
▼ + stars: | 2024-08-13 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Ducommun 's growth and profit margin potential make the stock hard to ignore, according to Goldman Sachs. Analysts led by Noah Poponak upgraded the small cap aerospace stock to buy from neutral. Goldman called the company an "acquisition compounder opportunity" within the aerospace and defense sector ever since current management took the helm in 2017. Goldman was the lead joint bookrunner for Ducommun's last sale of stock in May 2023. Ducommun shares rose more than 8% in early trading on Tuesday.

Persons: Ducommun, Goldman Sachs, Noah Poponak, Poponak, Goldman Organizations: Triumph Locations: Monday's

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ Goldman says this Canadian aerospace stock is ‘significantly undervalued’ with 40% upside
▼ + stars: | 2024-07-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Investors could be "significantly" undervaluing CAE stock, a Canadian aerospace training and simulation company, according to Goldman Sachs. In a recent report, the Wall Street investment bank reiterated a buy rating on CAE, which operates two primary businesses: civil aviation and defense. In the report, Poponak analyzed both CAE's civil aviation and defense businesses in isolation and compared to competitors. The civil aviation segment's growth and margin profile isn't accurately reflected in CAE's current valuation multiple, the analyst added. CAE's valuation seems to reflect that investors have assigned the defense business little to no value, Poponak wrote.

Persons: Goldman Sachs, Noah Poponak's, Poponak, — CNBC's Michael Bloom Organizations: CAE, Wall Locations: Canadian, U.S

☆ Forget Nvidia. Here are 5 undervalued tech stocks every investor should own, Goldman Sachs says
▼ + stars: | 2024-05-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs said this week that there are plenty of cheap tech stocks to buy coming out of earnings. The information technology sector has reported a year-over-year earnings growth rate of 23.2%, according to John Butters, senior earnings analyst at FactSet. CNBC Pro combed through Goldman Sachs' research to find the most underappreciated buy-rated tech stocks. "Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025," he added. Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025.

Persons: Goldman Sachs, John Butters, Goldman, Noah Poponak, Poponak, Kash Rangan, Rangan, Michael Ng, Arista's, Ng, ANET Organizations: FactSet, CNBC, Microsoft, Teledyne Technologies, Arista Networks, Arista, TAM, Cloud Titans, Cloud Locations: 2H24

As first quarter earnings season rolls on, analysts are upping their forecasts on a collection of names set to report next week. According to FactSet data, analysts have upwardly revised their earnings estimates by more than 18% over the past three months. Analysts polled by FactSet have increased their earnings forecasts by nearly 18% over the past three months, and now expect earnings of 66 cents per share. GE YTD mountain GE Aerospace stock. GE Aerospace started trading on Wall Street earlier in April, after General Electric completed a split into three components compromised of GE Vernova, GE Healthcare and GE Aerospace.

Persons: Meta, Justin Post, Goldman Sachs, John Marshall lauding, Noah Poponak, Rowe Price Organizations: Netflix, Express, CNBC, Meta, Facebook, Messenger, Bank of America, GE Aerospace, FactSet, GE, Wall, General Electric, GE Vernova, GE Healthcare, Seagate Technology

☆ How Bombardier is cashing in on business elite's love affair with private jet travel
▼ + stars: | 2024-04-12 | by ( Bob Woods | ) www.cnbc.com time to read: +5 min

They immediately established an ambitious, five-year strategic plan to reposition Bombardier, with a focus squarely on its sturdiest leg: the high-flying business jet and ancillary services industry. Deliveries of business and general aviation aircraft last year topped 4,000 for the first time in more than a decade, the General Aviation Manufacturers Association reported in February. Historically, the business jet market has been cyclical, said Noah Poponak, an analyst for Goldman Sachs, "but it's been hyper-cyclical in the past 20 years." Sales of all business jets were healthy leading into 2020 — and then the Covid pandemic hit. Everyone wanted a business jet and was willing to buy whatever was out there, new or used."

Persons: headwinds, Bombardier's, Alain Bellemare, divesting, Éric Martel, Bart Demosky, Demosky, Warren Buffett's Berkshire Hathaway, CFOs, Noah Poponak, Goldman Sachs, Walter Spracklin, Spracklin Organizations: Bombardier, Boeing, Airbus, General Aviation Manufacturers Association, Challenger, Global, Companies, Honeywell, RBC Capital Markets Locations: Montreal, Warren, Covid

Goldman Sachs, meanwhile trimmed its price target on Boeing, citing several risks amid the company's ongoing safety issues. The analyst initiated coverage of the stock with an overweight rating and year-end price target of $1,150, which implies shares could jump 18.2%. Analyst Kannan Venkateshwar upgraded shares of the media giant to overweight from equal weight and also raised his price target by $40. His new $135 price target implies 16.5% potential upside over the next year. — Pia Singh 5:37 a.m.: Goldman Sachs trims Boeing price target Goldman Sachs lowered its price target on Boeing to $257 from $268 amid the airplane maker's ongoing issues safety issues.

Persons: Goldman Sachs, JPMorgan's Samik Chatterjee, inferencing, Chatterjee, — Pia Singh, Kannan Venkateshwar, Venkateshwar, Disney's, Noah Poponak, Poponak, Fred Imbert Organizations: CNBC, Disney, Barclays, Boeing, JPMorgan, Computer, Enterprises, Alaska Airlines Locations: 3Q24, 4Q24

☆ 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

☆ Goldman Sachs analysts have increased conviction in these 5 stocks
▼ + stars: | 2023-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors looking for value heading into the holiday season should look no further than the following stocks, Goldman Sachs says. The company beat on both the top and bottom line to go along with strong guidance for the fourth-quarter. TransDigm- buy rating "TDG reported F4Q23 key metrics above consensus, guided the same ones for FY2024 above consensus, announced a large special dividend & announced a new sizable acquisition. Willis Towers Watson - buy rating "We view 3Q23 results as quite supportive of our thesis around ramping talent production & cost efficiencies & we reiterate our Buy rating as we expect momentum to continue on both top & bottom line results. Trex Company- buy rating "We are also encouraged by mgmt's optimism for further top-line gains in 2024, supporting our forecast for robust FCF to allow for investments in growth opportunities and shareholder returns.

Persons: Goldman Sachs, Goldman, Ross, Willis Towers Watson, Noah Poponak, TransDigm, Poponak, Robert Cox, Willis, Cox, there's, Brett Feldman, Warner's, Feldman, shouldn't Organizations: CNBC, Warner Brothers Discovery, TransDigm, Warner Brothers, 3Q, Trex Locations: TransDigm

☆ These stocks are 'built for growth' and have major upside, Goldman analysts say
▼ + stars: | 2023-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Monday.com , Booz Allen Hamilton, Brink's, Apollo Global Management and Constellation Brands. Booz Allen Hamilton Booz Allen is up 20% this year, but the government and military contractor's stock has more room to run, according to Goldman. Constellation Brands "Built for growth," analyst Bonnie Herzog said in a note, following the beer and wine producer's recent analyst day. Booz Allen Hamilton - buy rating "Booz Allen again beat consensus revenue, growing top-line 15% organically, continuing a pace well ahead of nearly all peers in the national security sector. Monday.com - buy rating "Expect little to no disruption to near-term execution; see Investor Day offering lens into LT growth potential.

Persons: Goldman Sachs, Booz Allen Hamilton, Booz Allen Hamilton Booz Allen, Noah Poponak, Booz Allen, BAH, Poponak, Bonnie Herzog, Herzog, Monday.com, Kash Rangan, Rangan, …, BCO Organizations: CNBC, Monday.com, Apollo Global Management, Constellation Brands, Booz, Goldman, U.S . Staples, TAM, Retail Solutions, Private Credit Locations: Brink's, Government, NYC, Israel, APOs

☆ Goldman loves this 'cash flow compounder' and predicts nearly 30% upside
▼ + stars: | 2023-08-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

"TDY is one of the highest quality, most consistent, best managed companies we cover that compounds cash flow over time," analyst Noah Poponak said. Cash flow compounders reinvest their excess free cash flow each year back into the company at a rate that is sustainable and provide long-term growth. Teledyne has compounded free cash flow at a 17% compound annual growth rate over the last decade, according to the Goldman note. According to Poponak, Teledyne's margins have expanded over time by shifting into higher value-added business lines, which he expects will support continued EPS and free cash flow compounding long term. Another catalyst that will drive higher earnings and cash flow is Teledyne's M & A efforts, the analyst said.

Persons: Goldman Sachs, Noah Poponak, Goldman, Poponak, — CNBC's Michael Bloom Organizations: Teledyne Technologies, Teledyne, FLIR Systems

☆ Goldman Sachs says these 'compelling' stocks are earnings season winners
▼ + stars: | 2023-04-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Sifting through the flood of financial reports this week, Goldman Sachs analysts have named a slew of stocks poised for more growth ahead. Constellation Brands Shares of the beer and wine maker are just too attractive to ignore, the firm said. Braze "Long-term fundamentals are intact," analyst Gabriella Borges said of the cloud software marketing company. Braze shares are up more than 7% this year, after coming off of a better-than-expected fiscal fourth-quarter report . Importantly, the company raised its full year outlook at the high end of prior range, with ~8% net sales growth and ~11% adj.

☆ Goldman Sachs says these are its top picks heading into quarterly earnings
▼ + stars: | 2023-04-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is off and running and Goldman Sachs has named a host of stocks to buy ahead of the companies' quarterly reports. CNBC Pro combed through Goldman Sachs research to find stocks to own as first-quarter earnings kick off. They include Tesla, Boeing, CBRE , T-Mobile and Logitech. CBRE Group Goldman is standing by its buy rating on the real estate investment firm, even as lending standards tighten following the recent bank crisis. T-Mobile The wireless provider is Goldman's favorite growth stock, and favorite pick overall, the firm said in a recent earnings preview note to clients.

☆ Goldman Sachs says these stocks are too attractive to ignore in an uncertain economy
▼ + stars: | 2023-02-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs unveiled a slew of stocks this week that could have major upside throughout 2023. Howmet Aerospace Goldman Sachs is standing by its buy rating on the aerospace products company. "Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow," he said. Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow. The quarter was one of progress on multiple fronts, including margins, market share, and cash flow.

☆ Why analysts are bullish on this little-known aircraft parts producer with one of 'best business models' in the sector
▼ + stars: | 2023-02-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Under-the-radar aircraft parts producer TransDigm Group is getting a lot of love from analysts this week, who view the stock as an optimal way to play the commercial aftermarket sector. TransDigm also raised its outlook, with commercial aftermarket revenues expected to grow more than anticipated. His $838 price target implies nearly 13% upside for shares from Tuesday's close. The new price target implies roughly 7% upside for shares from Tuesday's close. "We view the company as having the most defensible business model amongst peers and management has overcome numerous short theses," she said.

☆ Why Goldman Sach's Noah Poponak has a buy rating on Boeing
▼ + stars: | 2023-01-25 | 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 EmailWhy Goldman Sach's Noah Poponak has a buy rating on BoeingNoah Poponak, senior equity research analyst at Goldman Sach, joins 'Power Lunch' to discuss the fundamentals of Boeing, the reasoning behind his bullish price target, and the aerospace supply chain recovery.

☆ Defense firms set to post higher sales, McCarthy's election clouds outlook
▼ + stars: | 2023-01-23 | by ( Nathan Gomes | ) www.reuters.com time to read: +3 min

** Raytheon is expected to post quarterly revenue of $18.15 billion and a profit of 92 cents a share. ** General Dynamics is estimated to report quarterly revenue of $10.69 billion and a profit of $3.55 per share. ** Northrop is expected to report quarterly revenue of $9.66 billion and a profit of $6.58 per share. Median 12-month price target is $495. Median 12-month price target is $566.

☆ Goldman Sachs downgrades Lockheed Martin, says shares could fall 28% if government reduces defense spending
▼ + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees potential pressure to Lockheed Martin 's stock if the U.S. tries to rein in spending. Defense stocks could suffer if defense budgets, valuations or their earnings come off the near all-time highs they are currently running near, he said. Poponak downgraded Lockheed Martin to sell from neutral, nothing that the company is particularly vulnerable to any changes in government budgets with 75% exposure. Beyond changes to the government budget, Poponak expects financial losses from halted deliveries of its F-35 jets due to a December incident that is still being investigated. Inflation will also limit organic growth in the coming years, he said, leading to a mid-2020s recovery just to where Lockheed Martin performed in 2021.

☆ Deficit worries could be a headwind for defense stocks, says Goldman Sachs' Noah Poponak
▼ + 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 EmailDeficit worries could be a headwind for defense stocks, says Goldman Sachs' Noah PoponakNoah Poponak, Goldman Sachs, joins 'Closing Bell' to discuss defense stocks and why he downgraded some key players in the sector.

☆ This options strategy could be a smart way to play Boeing's earnings, Goldman says
▼ + stars: | 2023-01-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Boeing is poised for a strong quarterly report that should send its stock higher and reward options traders, according to Goldman Sachs. A call option serves as a bet that a stock will rise above a certain strike price before the contract expires. The option allows the holder to buy the stock at that strike price, which would be at a discount to the market. That low average price target could be one reason that the options market for Boeing is still cheap, which should increase the return of a winning options trade. One-month implied volatility of 40 is only in its 29th percentile relative to the past year," the Goldman note said.

☆ Aerospace and defense stocks took flight in 2022. What analysts expect for the sector in 2023
▼ + stars: | 2023-01-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Aerospace and defense stocks took off in 2022, outperforming the S & P 500 as a selloff trend pummeled growth and technology names. Through 2022, the aerospace and defense sub-industry within the S & P 500 rose 15.5%, while the broader index tumbled 19.4%. Here are some of the best-performing aerospace and defense stocks of 2022 and what the outlook looks like in the new year. The top-performing defense stock in the fourth quarter was Boeing , with shares up more than 57%. Raytheon Technologies rose more than 17% in 2022, and analysts are optimistic about the stock in 2023.

☆ S&P 500's best performers are on track for gains of 50% or more this quarter
▼ + stars: | 2022-12-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It has been a strong fourth quarter for the S & P 500 — and its leading stocks are poised for even larger gains. The S & P 500 is on pace to end the quarter up 6.2%, through Thursday's market open. As a result, the benchmark S & P 500 index will see its first quarterly advance this year, limiting the full-year loss to a little less than 20%. CNBC Pro looked at the 10 best performing stocks in the index this quarter, using data from FactSet through Wednesday's close. But the average analyst expects the price to be little changed over the coming year.

☆ Goldman Sachs' Noah Poponak on increasing orders for Boeing
▼ + stars: | 2022-12-28 | 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 EmailGoldman Sachs' Noah Poponak on increasing orders for BoeingNoah Poponak, senior equity research analyst at Goldman Sachs, joins 'Squawk on the Street' to discuss a potential rebound for Boeing in 2023, how China's reopening could benefit air travel numbers and the company's positioning relative to other airplane manufacturers.

☆ Goldman Sachs unveils its top buy-rated stocks for 2023
▼ + stars: | 2022-12-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts have revealed their favorite stocks to buy for 2023. CNBC Pro combed through top Goldman research to find the bank's top picks heading into next year. They include: Amazon, Weyerhaeuser, Boeing, Chipotle, Humana and Bath & Body Works. Shares are up about 40% over the past six months, and they have more room to run in 2023, he said. Chipotle Chipotle is down 19% this year, but analyst Jared Garber said the stock is greatly undervalued heading into 2023.

Search resuls for: "Poponak"

25 mentions found