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Energy (.SPNY) was the top S&P 500 sector gainer, jumping 3.6% and on track for its best single-day performance in six months. The airlines' shares were down around 5% each, dragging the S&P 500 Passenger Airlines index (.SPLRCALI) down 4.5% to its lowest in a year. The broader S&P 500 Aerospace & Defense index (.SPLRCAERO) jumped 4.9%. Exchange-traded funds exposed to Israel including iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF slid 7.8% and 4.6%, respectively. The S&P index recorded four new 52-week highs and 18 new lows, while the Nasdaq recorded 24 new highs and 236 new lows.

Persons: Brendan McDermid, Tesla, Israel, Lloyd Austin, It's, Peter Andersen, Northrop, Lockheed Martin, iShares, decliners, advancers, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, U.S . Defense, Dow Jones, Treasury, Columbus Day, Apple, Microsoft, U.S ., Andersen Capital Management, Boston . Energy, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Northrop Grumman, General Dynamics, Lockheed, Aerospace, . Exchange, ARK Israel Innovative Technology, Federal, NYSE, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Lebanon, Gaza, United States, Boston, Tel Aviv, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. ET, Dow e-minis were down 152 points, or 0.45%, S&P 500 e-minis were down 24.25 points, or 0.56%, and Nasdaq 100 e-minis were down 109.5 points, or 0.72%. Traditional safe-haven assets including gold and the U.S. dollar gained, while growing uncertainty pushed crude prices higher. The Nasdaq (.IXIC) and the S&P 500 (.SPX) posted weekly gains on Friday as mixed jobs reports kept investors on edge around the Federal Reserve's interest rate outlook. Tesla (TSLA.O) shed 1.7% as data showed the company's China-made EV sales volume for September decreased 10.9% from a year ago.

Persons: Brendan McDermid, Tesla, Lloyd Austin, Stuart Cole, Northrop, Lockheed Martin, Philip Jefferson, Michael Barr, Nelson Peltz's, Shashwat Chauhan, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, . Defense, Dow e, U.S ., Equiti, Energy, Chevron, Exxon Mobil, Occidental Petroleum, United Airlines, Delta Air Lines, American Airlines, Barrick Gold, Northrop Grumman, General Dynamics, Lockheed, Columbus Day, Apple, Intel, Qualcomm, Devices, JPMorgan Chase, Citigroup, BlackRock, Management, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Gaza, United States, Tel Aviv, Wells Fargo, Bengaluru

☆ US readies new Ukraine arms package despite tumult in Congress
▼ + stars: | 2023-10-06 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

Commander of the Joint Forces of the Armed Forces of Ukraine Serhiy Nayev fires an American Browning M2 machine gun during a military exercise, amid Russia's attack on Ukraine, in Kyiv region, Ukraine September 27, 2023. Those funds have allowed the Biden administration to send Kyiv arms, supplies and munitions despite the exclusion of new Ukraine aid from a stopgap spending bill passed by the House of Representatives last weekend to prevent a government shutdown. Biden has vowed to replenish stocks of arms sent to Ukraine. The Biden administration is also considering using a State Department grant program to send Ukraine additional military aid, a U.S. official said. Democrats, who strongly support aid to Ukraine, insist that Congress will back continued assistance.

Persons: Ukraine Serhiy Nayev, Gleb Garanich, Biden, congressionally, Lockheed Martin, Kevin McCarthy, Mitch McConnell, Mike Stone, Rami Ayyub Organizations: Joint Forces of, Armed Forces, REUTERS, Rights, Pentagon, Kyiv, Republicans, Ukraine Defense Contact, of Defense, General Dynamics, State Department, U.S, Republican, Thomson Locations: Ukraine, American, Kyiv region, Brussels, U.S

☆ 30 dividend-paying stocks in solid sectors with upside outside the AI hype, according to a 30-year fund manager
▼ + stars: | 2023-08-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Similar companies within the healthcare sector in his portfolio include Abbott Laboratories (ABT), which pays out a 1.95% dividend yield. Additionally, it offers a 2.35% dividend yield. Within the defense sector, he also likes Lockheed Martin (LMT), which pays a dividend yield of 2.64%. It pays out a 2.19% dividend yield plus a profit and losses payout at the end of the year. It has a 2.85% dividend yield and has increased its payout by about 8 to 10% a year, he said.

Persons: Max Wasserman, He's, Wasserman, overvalued, That's, Johnson, There's, Lockheed Martin Organizations: Miramar Capital LLC, Nasdaq, Broadcom, Microsoft, Company, NAPA Auto, Parts, Abbott Laboratories, Merck & Co, Dynamics, Group, PepsiCo Locations: Northbrook , Illinois, NAPA

☆ BAE snaps up Ball's aerospace arm for $5.6 billion in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. He also confirmed the 1.5 billion pound ($1.91 billion) share repurchase announced with its half-year results. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

Persons: Cheney Orr, Tom Arseneault, Chloe Lemarie, Charles Woodburn, Yadarisa Shabong, Chandini, Susan Mathew, Subhranshu Sahu, Jason Neely, Sharon Singleton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Shore Capital, Britain's, British, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Colorado, Bengaluru

☆ BAE Systems snaps up Ball Corp's aerospace arm for about $5.55 bln
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems were down 3% by 0730 GMT. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. The proposed deal would be treated as an asset purchase for federal tax purposes, BAE said. ($1 = 0.7856 pounds)Reporting by Yadarisa Shabong in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Cheney Orr, Chloe Lemarie, Charles Woodburn, Morgan Stanley, Yadarisa, Subhranshu Sahu, Jason Neely Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Britain's, Intelligence, Thomson Locations: Huntsville , Alabama, U.S, Colorado, Bengaluru

☆ BAE snaps up Ball's aerospace arm for $5.6 bln in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. The war in Ukraine has led to new demand for those in munitions supply chains, Tom Arseneault, head of BAE's U.S. business, told analysts. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

☆ Wheels Up flies for now, but private-jet rivals see opportunity
▼ + stars: | 2023-08-16 | by ( Allison Lampert | ) www.reuters.com time to read: +4 min

Wheels Up avoided a possible bankruptcy when it secured backing from investors on Tuesday, including U.S. carrier Delta Air Lines (DAL.N). Two operators have closed down since May in the face of diminished traffic and higher labor costs could force some private-jet operators out of business. While private flying remains above 2019 levels, traffic has slowed since the pandemic, when wealthy passengers sought to avoid crowded commercial airports. The company, which provided third-party flying service to Wheels Up, faces a lawsuit from Wheels Up over a contract dispute. Jamie Walker, chairman of U.S. private jet operator Jet Linx, said he sees opportunity for both organic growth and acquisitions due to the softening marketplace.

Persons: Brian Foley, Foley, Jim Segrave, Uber, Dynamics's, Canada's, Travis Kuhn, Justin Crabbe, Andrew Collins, Jamie Walker, Linx, " Walker, Allison Lampert, Ben Klayman, Andy Sullivan Organizations: Delta Air Lines, Rivals, Gulfstream, Canada's Bombardier, U.S, Argus, North, Thomson Locations: U.S, New York, Miami, North Carolina, Montreal

☆ General Dynamics raises revenue outlook on private jet, military equipment demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] A General Dynamics NASSCO ship yard entrance is shown in San Diego, California, U.S., June 17, 2019. REUTERS/Mike Blake/File Photo/File PhotoJuly 26 (Reuters) - General Dynamics (GD.N) on Wednesday lifted its annual revenue forecast as demand for business jets and military equipment stays resilient, sending its shares up 3% at midday. Demand for business jets from U.S. corporations remains buoyant despite a recovery in commercial flights and pressure from environmentalists over emissions. "It's the Fortune 500 that are really driving the demand (for business jets). The company forecasts revenue in the segment to rise between $900 million and $1 billion to $11 billion in the year.

Persons: Mike Blake, Phebe Novakovic, Pratyush Thakur, Shilpi Majumdar, Maju Samuel Organizations: Dynamics, REUTERS, General Dynamics, Gulfstream, Thomson Locations: San Diego , California, U.S, Ukraine, Reston , Virginia, Bengaluru

☆ General Dynamics profit beats estimates on military equipment demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Defense contractor General Dynamics Corp (GD.N) on Wednesday reported a better-than-expected quarterly profit, helped by resilient demand for military equipment, sending its shares up 2% in premarket trading. General Dynamics benefited from robust demand for weapons, driven by simmering geopolitical tensions in the Indo-Pacific region, conflict in Ukraine and military modernization efforts of ally countries. The aerospace segment booked $2.5 billion in new orders during the quarter, driven by strong demand for the company's Gulfstream business aircraft. The company reported a backlog of $91.4 billion, compared to $87.6 billion. Its book-to-bill ratio, which is the ratio of orders received to units shipped and billed, was 1.2-to-1.

Persons: Pratyush Thakur, Shilpi Majumdar, Maju Samuel Organizations: Defense, General Dynamics Corp, General Dynamics, Revenue, U.S . Navy, Gulfstream, Thomson Locations: Ukraine, Virginia, Reston , Virginia, Bengaluru

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

NEW YORK, July 7 (Reuters) - Private equity firms Blackstone Inc (BX.N) and Veritas Capital Fund Management LLC are competing against large defense companies to acquire the aerospace business of Ball Corp (BALL.N), according to people familiar with the matter. The unit, which accounted for 13% of Ball's consolidated net sales in 2022, provides aerospace and national defense hardware, such as sensors and antennas. In June, Ball said it was considering options for its aerospace unit, after Reuters reported on the sale process. Blackstone owns Arka Group, an aerospace and defense technologies firm whose clients include the U.S. military, while Veritas owns companies including CAES Space Systems, which is a supplier of advanced electronic systems for aerospace and defense. Ball could incur a hefty tax bill of over $1 billion if the aerospace unit is sold for $5 billion or more, according to analysts at Jefferies.

Persons: Ball, Blackstone, David Carnevali, Mike Stone, Daniel Wallis Organizations: YORK, Blackstone Inc, Veritas Capital Fund Management, Ball Corp, BAE Systems, General Dynamics Corp, Textron Inc, Reuters, Blackstone, Veritas, Arka Group, U.S ., CAES, Systems, Bae Systems, Textron, General Dynamics, Lockheed Martin Corp, Rocketdyne Holdings, L3Harris Technologies, Jefferies, Thomson Locations: New York, Washington

☆ U.S. State Dept OKs two possible military sales to Taiwan -Pentagon
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 29 (Reuters) - The U.S. State Department has approved the potential sale of ammunition and logistics supply support to Taiwan in two separate deals valued at up to $440 million, the Pentagon said on Thursday. Taiwan has asked to purchase 30mm ammunition, including high explosive incendiary-tracer rounds, multi-purpose rounds and training rounds, for an estimated cost of $332.2 million, the Pentagon said. Taiwan has also asked to buy a Blanket Order Cooperative Logistics Supply Support Arrangement for an estimated cost of $108 million, the Pentagon said. The logistics arrangement will support the purchase of spare and repair parts for wheeled vehicles, weapons and other related elements, it said. The Pentagon's Defense Security Cooperation Agency notified Congress of both of the possible sales on Thursday.

Persons: Eric Beech, Dan Whitcomb Organizations: U.S . State Department, Pentagon, General Dynamics, Cooperative Logistics, Pentagon's Defense Security Cooperation Agency, Thomson Locations: Taiwan

☆ General Dynamics, Rheinmetall to compete for potential $45 bln US Army vehicle contract
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. servicemen drive Bradley infantry fighting vehicles during the joint U.S.-Georgian exercise Noble Partner 2015 at the Vaziani training area outside Tbilisi, Georgia, May 21, 2015. REUTERS/David MdzinarishviliWASHINGTON, June 26 (Reuters) - The U.S. Army said on Monday it had selected General Dynamics (GD.N) and American Rheinmetall (RHMG.DE) to compete to replace the Bradley fighting vehicle, in a deal that could be worth more than $45 billion to the winner. A single competition winner will be given a production contract in 2027, Army officials said, with fielding of the first vehicles in 2029. Ultimately, some of the functions of the vehicle would be autonomous, Army officials said. The Army has struggled to replace the Bradley over a number of years, with a previous attempt abandoned.

Persons: David Mdzinarishvili WASHINGTON, Bradley, Mike Stone, Chris Sanders, Jamie Freed Organizations: Bradley, REUTERS, U.S . Army, Dynamics, Rheinmetall, Army, Point Blank Enterprises, Oshkosh Defense, BAE Systems Land, Armaments, Thomson Locations: Tbilisi , Georgia

☆ JPMorgan, General Dynamics board member Jim Crown dies in accident
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 26 (Reuters) - JPMorgan Chase & Co (JPM.N) and General Dynamics Corp (GD.N) board member Jim Crown died on Sunday in a vehicle accident in Colorado, a county coroner said. Crown, 70, was the chairman and chief executive officer of Henry Crown and Co., a privately owned company that invests in public and private securities, real estate and operating companies. Crown was involved in a single vehicle accident at the Aspen Motorsports Park in Woody Creek, Colorado, the Pitkin County Coroner's office said in a statement. Bank CEO Jamie Dimon said in a memo to directors seen by Reuters that Crown was an "integral part" of JPMorgan Chase. Crown was also the chairman of The Aspen Institute and trustee of the Museum of Science and Industry and the University of Chicago.

Persons: Jim Crown, Henry Crown, Jamie Dimon, Crown, Nupur Anand, Lananh Nguyen, Tatiana Bautzer, Cynthia Osterman Organizations: YORK, JPMorgan Chase &, General Dynamics Corp, Aspen Motorsports, Bank, Reuters, JPMorgan Chase, The Aspen Institute, Museum of Science, Industry, University of Chicago, Thomson Locations: Colorado, Woody Creek , Colorado, Pitkin County, New York

☆ US special operators are tinkering with a low-tech kind of aircraft to overcome high-tech threats in future wars
▼ + stars: | 2023-06-23 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +5 min

For US special operators, who may have to operate far from friendly forces in those wars, one new effort is the use of a low-tech kind of aircraft to overcome high-tech threats. A special-operations gliderUS Army special operations soldiers load a GD-2000 glider into a C-27J airplane at Yuma Proving Grounds in February. Thoman JohnsonIn February, a US Army Special Forces team tested a prototype aircraft that could ease the logistical challenges faced by special-operations units in contested areas. That long glide distance is equal to what special operators can cover during a High Altitude, High Opening free-fall jump. David Bathgate/Corbis via Getty ImagesDuring the conflicts in Afghanistan, Iraq, and Syria, the US military's resupply operations have been largely uncontested.

Persons: —, Thoman Johnson, Yates Electrospace, David Bathgate, Stavros Atlamazoglou Organizations: Special Forces, Service, US Army, US Army Special Forces, Troops, Green Beret, Getty, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Ukraine, Russian, Yuma, Arizona, Afghanistan, Corbis, Iraq, Syria, Russia, Johns

☆ NATO pushes for common standards to tackle shortfalls in artillery munitions
▼ + stars: | 2023-06-13 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

But the lack of common standards among the various manufacturers has hampered the flow of munitions supplies. It will take place on the sidelines of a NATO defence ministers' meeting in Brussels on Thursday and Friday. Demand for 155mm artillery rounds has soared in the wake of the invasion of Ukraine in February 2022. "If national governments could bring themselves to throw national standards over board and agree on common NATO standards – in particular with regard to munitions – this would be a landslide change," the defence source said. Before that many NATO countries had already run down their stocks as governments considered wars of attrition with big artillery battles a thing of the past.

Persons: Caesar, Jens Stoltenberg, KMW, Leonardo, Northrop, Abrams, Armin Papperger, Sabine Siebold, Gwladys Fouche, Angus MacSwan Organizations: Separate Artillery Brigade, REUTERS, NATO, BAE Systems, Turkish, Dynamics, Leopard, Lockheed, Northrop Grumman, British Storm Shadow, Rheinmetall, RND, Thomson Locations: Ukraine, Avdiivka, Donetsk region, BRUSSELS, Kyiv, NATO, Brussels, Kongsberg, Vilnius, Oslo

The debt deal capped national security spending in fiscal 2024 at $886 billion, which is what U.S. President Joe Biden requested. Ordinarily, some of the $16 billion worth of unfunded priorities would get tacked on, as well as billions worth of lawmaker initiatives. In recent years Congress has increased defense spending by more than any president requests, generally by tens of billions of dollars. This year, the debt ceiling deal could make that more difficult. That Ukraine supplemental spending request is now expected to include a broader range of military spending and could include some items and pet projects left behind.

Persons: Joe Biden, Abrams, Lockheed Martin, Biden, Mackenzie Eaglen, Eaglen, Mike Stone, Patricia Zengerle, David Holmes Organizations: U.S, Department of Defense, General Dynamics, Lockheed, Huntington Ingalls Industries, Congressional, Pentagon, Congress, Democratic, Republican, American Enterprise Institute, Thomson Locations: Ukraine, Washington

☆ U.S. military aid for Ukraine includes air-launched rockets
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, May 3 (Reuters) - The United States said Wednesday it would send a new military aid package for Ukraine worth $300 million, including for the first time the Hydra-70 short-range. The security assistance package would be the 37th approved by the United States for Ukraine since Russian invaded its neighbor in February 2022, for a total of $35.7 billion. "The United States and our allies and partners will stand united with Ukraine, for as long as it takes," U.S. Secretary of State Antony Blinken said in a statement announcing the aid package. The rockets, munitions and 155mm howitzer cannons included in the package would help Ukraine weaken Russian ground positions for advancing Ukrainian ground forces as Kyiv plans a spring offensive. The rockets are typically launched from pods attached to aircraft to provide support for ground troops.

WASHINGTON, May 2 (Reuters) - The United States plans to announce as soon as Wednesday a new $300 million military aid package for Ukraine that will for the first time include a short-range air-launched rocket, two U.S. officials said. The Hydra 70 is an air-launched unguided rocket made by General Dynamics (GD.N). The rockets could help Ukraine weaken Russian ground positions and provide advancing Ukrainian ground forces with air support as Kyiv plans a spring offensive. The security assistance package would be the 37th approved by the United States for Ukraine since the Russian invasion in February 2022, for a total of nearly $36 billion. However, members of both parties insist they support continued aid for Ukraine including top Republicans House Speaker Kevin McCarthy and Mitch McConnell, the top Republican in the Senate.

☆ General Dynamics revenue rises on strong demand for weapons
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

April 26 (Reuters) - General Dynamics Corp (GD.N) on Wednesday reported a 5.2% rise in quarterly revenue, boosted by strong demand for weapons amid geopolitical instability. Revenue in the first quarter rose to $9.88 billion, compared with $9.39 billion a year ago. Reporting by Pratyush Thakur in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Nasdaq futures rally over 1% after upbeat Microsoft, Alphabet results
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.10%, S&P 0.43%, Nasdaq 1.25%April 26 (Reuters) - Nasdaq futures rallied more than 1% on Wednesday after upbeat results from Microsoft and Alphabet dwarfed worries about the impact of rising interest rates on the U.S. economy. Microsoft Corp (MSFT.O) climbed 7.5% after it beat Wall Street estimates for quarterly results, and said that artificial intelligence products were stimulating sales. Of the 124 S&P 500 companies that reported first-quarter profit through Tuesday, 79% topped analysts' expectations, as per Refinitiv IBES data. ET, Dow e-minis were up 33 points, or 0.1%, S&P 500 e-minis were up 17.5 points, or 0.43%, and Nasdaq 100 e-minis were up 160.75 points, or 1.25%. PacWest Bancorp (PACW.O) rallied 17.4% as the regional lender beat estimates for first-quarter profit as it managed to stabilize deposit outflows.

☆ 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.

☆ Romania aims to buy F-35 fighter planes to boost air defences
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

BUCHAREST, April 11 (Reuters) - Romania aims to buy the latest generation U.S. F-35 fighter planes to boost its air defences, the country's supreme defence council (CSAT) said in a statement on Tuesday. The European Union and NATO state has raised defence spending to 2.5% of gross domestic product this year from 2%, in response to Russia's invasion of Ukraine. Last year, President Klaus Iohannis said Romania was mulling acquiring F-35 planes, which are made by U.S. weapons maker Lockheed Martin Corp (LMT.N). In March, the defense ministry said Romania would buy Abrams tanks made by General Dynamics (GD.N), as part of wider defence acquisitions plans. In December, Romania's defence ministry signed a deal to acquire seven Watchkeeper X unmanned aircraft systems from Israeli defence electronics firm Elbit Systems (ESLT.TA) for roughly 1.89 billion lei ($418.02 million).

☆ Here are Thursday's biggest analyst calls: Ford, Tesla, Netflix, Charles Schwab, Costco & more
▼ + stars: | 2023-03-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating on Ford. Evercore ISI upgrades Walmart to outperform from in line Evercore said the "traffic turn [is] building" for Walmart. Morgan Stanley downgrades Charles Schwab to equal weight from overweight Morgan Stanley said it has "less confidence" in the stock. Evercore ISI reiterates Meta as outperform Evercore said it's bullish on Meta's messaging monetization opportunity. Piper Sandler reiterates Tesla as overweight Piper said it's bullish heading into the automaker's delivery numbers this weekend.

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