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☆ Wizz Air narrows profit forecast on difficult operating conditions
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Wizz Air's aircraft is parked on the tarmac at Ferenc Liszt International Airport in Budapest, Hungary, August 18, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsNov 9 (Reuters) - European budget carrier Wizz Air (WIZZ.L) on Thursday narrowed its annual profit forecast below analyst expectations, citing continuing macroeconomic uncertainty and difficult operating conditions. Wizz Air was also one of the main airlines hit by issues with RTX (RTX.N) engines this year and had said it would face a capacity reduction as a result. That knocked its net income guidance for the financial year to between 350 million euros and 400 million euros ($374.7 million to $428.2 million), down from 350 million to 450 million euros. The budget carrier posted operating profit of 522.9 million euros ($559.8 million) for the six months to Sept. 30, compared with a loss of 63.8 million euros a year earlier.

Persons: Wizz, Bernadett Szabo, Jozsef Varadi, Varadi, RTX, Joanna Plucinska, Yadarisa, Savio D'Souza, David Goodman Organizations: Ferenc Liszt International, REUTERS, Wizz, Aerospace, Thomson Locations: Budapest, Hungary, London, Bengaluru

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Instacart, Arm, Rivian, Target & more
▼ + stars: | 2023-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs initiates Apellis Pharmaceuticals as buy Goldman initiated the biotech company with a buy and says it sees "continued execution." Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating after Wednesday's earnings report. Goldman Sachs reiterates Arm as overweight Goldman said it's sticking with its buy rating after the stock's earnings report on Wednesday. Goldman Sachs reiterates Instacart as buy Goldman said it's sticking with its buy rating on the grocery delivery company after Instacart's earnings report on Wednesday. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's sticking with its overweight rating on the electric vehicle company. "

Persons: Goldman Sachs, Goldman, Tesla, WK Kellogg, Kellogg, Wolfe, Instacart, Morgan Stanley, Rivian, Eli Lilly, MRK's Keytruda, Evercore, it's bullish, Parker, Wells, it's, Hein Schumacher Organizations: Apellis Pharmaceuticals, HSBC, Tesla, Barclays, JPMorgan, Bank of America, Disney, ARM, Deutsche Bank, Deutsche, Merck, pharma, TAP, Industrial, Nvidia, Anheuser, Busch InBev, Bud, Offshore, Unilever, OW, Citi Locations: North America, Montrose

☆ Stocks making the biggest moves midday: Affirm, Disney, Krispy Kreme, TransDigm and more
▼ + stars: | 2023-11-09 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. It posted adjusted per-share earnings of $8.03, greater than the consensus estimate of $7.55, according to FactSet. The media conglomerate expanded its cost-cutting measures by $2 billion, and reported stronger-than-expected adjusted earnings for the fiscal fourth quarter. Becton, Dickinson and Company — Shares dropped more than 8% after Becton, Dickinson and Company reported disappointing quarterly earnings. The medical technology company posted adjusted earnings of $3.42 per share, lower than the $3.43 per share anticipated by analysts polled by LSEG, formerly Refinitiv.

Persons: Duolingo, Valaris, FactSet, Dickinson, Krispy Kreme, Amylyx, CNBC's Lisa Han, Alex Harring, Hakyung Kim Organizations: . Virgin Galactic Holdings, TransDigm, — Aerospace, TransDigm Group, Disney —, Disney, Barclays, Arm, Company, LSEG, Revenue, AMC Entertainment, Pharmaceuticals

☆ Law firm Allen & Overy hit by 'data incident'
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kacper Pempel/Files Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media posts suggested it had been hacked by the Lockbit cybercrime gang. An Allen & Overy spokesperson said the firm had "experienced a data incident impacting a small number of storage servers", but its email and document management system had not been affected. The spokesperson also said Allen & Overy has suffered "some disruption", but that it continued to operate normally. Lockbit took credit for the hack and gave a deadline of Nov. 28 for Allen & Overy to negotiate, according to the criminal group's website on the dark web. The cyber attack on Allen & Overy follows last month's confirmation of its merger with U.S. law firm Shearman & Sterling, to create one of the world's largest legal practices.

Persons: Kacper, Overy, Lockbit, Allen, Wales –, Shearman, Sam Tobin, James Pearson, Sarah Young, Tomasz Janowski Organizations: Allen, Financial Times, Overy, Overy's, Boeing, Royal, Authority, Wales, U.S, Sterling, Thomson Locations: Warsaw, London, United States, Britain, England

☆ Russian manufacturer test-flies prototype widebody passenger airplane
▼ + stars: | 2023-11-08 | by ( Barry Neild | Anna Chernova | ) edition.cnn.com time to read: +4 min

CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.

Persons: CNN —, it’s, ”, Denis Manturov, Vladimir Putin, Murdo Morrison, ‘, Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, ”, Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, “, Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow

Spirit plans to raise $200 million via the sale of Class A common stock as well as issue $200 million in convertible debt set to mature in 2028, the company said after the closing bell on Tuesday. Its shares fell to as low as $20.98 on Wednesday following the news and are now down more than 25% year-to-date. Spirit is a major supplier of large aircraft parts such as wings and fuselages for manufacturers including Boeing (BA.N) and Airbus (AIR.PA). Last week, Spirit projected higher-than-expected cash burn for 2023, forcing it to slash anticipated deliveries of 737 fuselages. Free cash burn will be between $275 million and $325 million for 2023, up from a previous range of between $200 million to $250 million.

Persons: Benoit Tessier, Spirit, Patrick Shanahan, Tom Gentile, Shanahan, Chibuike Oguh, Lance Tupper, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Thomson Locations: Le Bourget, Paris, France, U.S, New York

☆ Shakespeare portrait sent to edge of space to celebrate 400 years since ‘First Folio’
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —William Shakespeare’s influence over the world remains unwavering more than four centuries after the renowned dramatist began his career. To mark the continued resonance of the famed playwright’s words 400 years after the publication of his “First Folio” on November 8, 1623, British filmmaker Jack Jewers has sent a portrait of Shakespeare along with a speech from one of his best-known works to the edge of space. A team from aerospace company Sent Into Space helped with the space flight. “I had this image in my head: a portrait of Shakespeare – the universal playwright, whose work I truly believe speaks to everyone – backgrounded by space, with earth’s curvature in the background. “The parallels are uncanny and Shakespeare’s words are fresher now than ever before in their ability to speak powerfully to our own contemporary lives,” he added.

Persons: William Shakespeare’s, Jack Jewers, Shakespeare, Mr, William Shakespeares, ”, “, Tom Baker, Who, –, lockdowns Organizations: CNN, Reuters Locations: British, Ukraine, Europe, London

☆ IAM Healthcare launches campaign to unionize retail pharmacy workers
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Retail pharmacy workers have told CNN that their employers have left them severely overworked and understaffed. The grassroots organizers had difficulty organizing the large-scale walkout without institutional support, and failed to rally pharmacy workers on a significant level. A number of other US unions represent retail pharmacy workers. United Healthcare Workers East represents nearly 5,000 pharmacists and pharmacy techs in hospitals and retail pharmacies. The United Food and Commercial workers also represent retail pharmacy staff but do not share official membership numbers.

Persons: walkouts, ”, we’re, ” Walkouts, ” Dr, Shane Jerominski, Jerominski, Maurice Shaw, ” Jerominski, they’re, “ We’ve, we’ve, Fraser Engerman, “, Amy Thibault Organizations: New, New York CNN, Retail, CNN, International Association of Machinists, Aerospace Workers, Walgreens, CVS, Pharmacy, ” Organizers, IAM Healthcare, IAM, Facebook, “, United Healthcare Workers, Food Locations: New York, United States, North America, walkouts, Bled

☆ The Traffic Jam in Low Earth Orbit
▼ + stars: | 2023-11-08 | by ( Charley Locke | ) www.nytimes.com time to read: 1 min

WORKS OF ART, BOTH HUGE AND EXTREMELY TINY Art in space ranges from the minuscule to the size of spacecraft. In 2018, the aerospace manufacturer Rocket Lab sent a reflective geodesic sphere called “Humanity Star” into orbit; viewers could see the shining disco ball from Earth. Works from a second grader and a fourth grader in Florida will soon head into orbit as winners of the state’s Space Art Contest.

Organizations: Rocket Locations: Florida

☆ Scientists detect oxygen in noxious atmosphere of Venus
▼ + stars: | 2023-11-08 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Data from NASA's Magellan spacecraft and Pioneer Venus Orbiter is used in an undated composite image of the planet Venus. Its thick and noxious atmosphere is dominated by carbon dioxide - 96.5% - with lesser amounts of nitrogen and trace gases. In fact, with Venus getting far less scientific attention than other planets such as Mars, the direct detection of its oxygen has remained difficult. They noted that this atomic oxygen, which consists of a single oxygen atom, differs from molecular oxygen, which consists of two oxygen atoms and is breathable. "The Venus atmosphere is very dense.

Persons: Heinz, Wilhelm Hübers, Hübers, Helmut Wiesemeyer, Max Planck, Wiesemeyer, Will Dunham, Rosalba O'Brien Organizations: NASA, JPL, Caltech, Handout, REUTERS, Rights, Venus, Boeing, German Aerospace Center, Nature Communications, Max Planck Institute for Radio Astronomy, Thomson Locations: SOFIA, Hawaii, Germany

☆ Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
▼ + stars: | 2023-11-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division. Rocket Lab expects to resume Electron launches as soon as Nov. 28, with a mission for Japanese satellite imagery company iQPS. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million, with just $16.5 million in revenue from its launch business. With its Electron launches expected to resume, Rocket Lab sees first quarter 2024 revenue climbing to between $95 million and $105 million.

Persons: Peter Beck, Beck Organizations: Rocket, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, LSEG, Revenue, Wall Street, Lab Locations: Washington ,

☆ What Does the U.S. Space Force Actually Do?
▼ + stars: | 2023-11-08 | by ( Jon Gertner | ) www.nytimes.com time to read: +2 min

The Space Force, the sixth and newest branch of the U.S. military, was authorized by Congress and signed into law by President Donald Trump in December 2019. Its creation was not a partisan endeavor, though Trump has boasted that the idea for the organization was his alone. At its incarnation, the Space Force was an assemblage of programs and teams that already existed, mainly as entities within the Air Force. “It’s one of the common misperceptions that it cost money to create the Space Force — and it really didn’t, because we already had space forces,” Todd Harrison of the Center for Strategic and International Studies told me. “One of the things that we were lacking without a Space Force was an organization that would argue for its own destiny,” Douglas Loverro, a former Pentagon official involved in helping start the branch, told me.

Persons: Donald Trump, Trump, “, ” Todd Harrison, ” Douglas Loverro, Loverro, Wang Hucheng Organizations: Space Force, U.S ., Congress, Air Force, Force, Center for Strategic, International Studies, Pentagon Locations: United States

☆ Shares of Spirit Aero down 16% as company looks to raise cash
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ Japanese scientists want to send a wooden satellite into space
▼ + stars: | 2023-11-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

Murata wondered if he “could build a wooden house on the moon or Mars,” and decided to test the theory — by creating a wooden satellite. Wooden satellites would be better for the planet while still providing the same functionality as their metal counterparts, says Murata. Now, they are working with Japan’s space agency (JAXA) and NASA to send the prototype satellite, called LingoSat, into orbit early next year. Engineers at Kyoto University are building a wooden satellite that will be launched into space in a joint mission with JAXA and NASA. Finnish startup Arctic Astronautics designed the WISA Woodsat, a wooden satellite that was supposed to be launched into space in 2021.

Persons: that’s, Koji Murata, Murata, ”, It’s, Jari Mäkinen, ” Mäkinen, Yarjan Abdul Samad, Samad, Tatsuhito Fujita, Fujita Organizations: CNN, Kyoto University, National Oceanic, Atmospheric Administration, “, JAXA, NASA, Murata, Engineers, Kyoto, NOAA, Astronautics, Khalifa University, United Arab Locations: Japan, East Asia, United Arab Emirates

☆ Europe urged not to repeat tech underdog role ahead of space talks
▼ + stars: | 2023-11-06 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] A model of Europe's next-generation space rocket Ariane 6 is pictured at the German Aerospace Center (DLR) in Lampoldshausen near Heilbronn, Germany, February 26, 2019. France, where manufacturer ArianeGroup is based, wants extra funding to help absorb cost overruns, industry sources said. Sources said last week there had been some progress in unblocking a three-way standoff between Europe's leading launch nations but that ministers still faced sensitive budget talks. Speaking ahead of the Seville meeting, ESA Director General Josef Aschbacher declined to comment on the talks but urged Europe not to repeat past mistakes in the technology sector. Europe has carved out a leading role in climate observation, navigation and space science but has not targeted a prime role in human exploration, opting instead for a junior role in projects led by U.S. space agency NASA or until recently Russia.

Persons: Ralph Orlowski, Josef Aschbacher, Aschbacher, we're, Tim Hepher, Robert Birsel Organizations: German Aerospace Center, REUTERS, European Space Agency, ESA, European Union, SpaceX, Ministers, Ariane, Tribune, NASA, U.S . Space Shuttle, Thomson Locations: Lampoldshausen, Heilbronn, Germany, Europe, Spain, Seville, Elon Musk's U.S, Ukraine, France, Italy, United States, Japan, China, U.S, Russia

☆ UK stocks fall as real estate shares drop; economic data on tap
▼ + stars: | 2023-11-06 | by ( Shubham Batra | ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies Real estate shares top losersMelrose surges after unit signs deal with GE AerospaceFTSE 100 down 0.1%, FTSE 250 off 0.4%Nov 6 (Reuters) - UK stocks inched lower on Monday led by a drop in shares of real estate investment trusts, while investors awaited key economic data to assess the strength of the British economy. The commodity-heavy FTSE 100 (.FTSE) edged 0.1% lower, while the mid-cap index FTSE 250 (.FTMC) fell 0.4% after logging its best week in a year on Friday. Shares of real estate investment trusts (.FTNMX351020) shed 1.2% after the index tracking real estate stocks rose sharply last week. Other economic data this week includes housing prices, construction and services activity for October. Reporting by Shubham Batra in Bengaluru; Editing by Varun H K and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Sanjay Raja, Andrew Bailey, Shubham Batra, Varun, Eileen Soreng Organizations: London Stock Exchange Group, City of, REUTERS, Real, Melrose, GE Aerospace FTSE, Aerospace, Melrose Industries, GKN Aerospace, GE Aerospace, Deutsche Bank, Bank of England, Wizz, Ryanair, JD Sports, Citigroup, Thomson Locations: City, City of London, Britain, Irish, Bengaluru

☆ Russian forces strike drone warehouse in Syria's Idlib, Interfax reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - Russian military forces carried out air strikes on a drone warehouse in Syria's Idlib governorate, the Russian Interfax news agency reported, citing Rear Admiral Vadim Kulit, deputy head of the Russian Reconciliation Center for Syria, on Sunday. "The Russian Aerospace Forces launched an air strike ... against a warehouse of unmanned aerial vehicles of militants involved in shelling the positions of Syrian government troops," Kulit was quoted as saying. No information about the scale of the damage or potential casualties was available. The Syrian army has blamed rebels, who it says are Islamist jihadists, for attacks on government-held areas in Idlib and Aleppo provinces and denies indiscriminate shelling of civilian areas in areas under rebel control. Reporting by Lidia Kelly in Melbourne; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Vadim Kulit, Kulit, Bashar al Assad, Lidia Kelly, Richard Chang Organizations: Russian Reconciliation Center, Russian Aerospace Forces, Thomson Locations: Russian, Idlib, Syria, Aleppo, Moscow, Damascus, Gaza, Melbourne

[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. The UAW released more details of its tentative 4-1/2 year deal with GM <on Saturday. Temporary workers will have a faster path to full-time status and could see wages rise by about 50% immediately. The GM agreement will move more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. "This contract has wage increases and economic gains like nothing we've ever seen before," UAW Vice President Mike Booth said.

Persons: Shawn Fain, Rebecca Cook, Mike Booth, Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Rights DETROIT, General Motors, UAW, GM, Detroit, Ford, Chrysler, Auto, Toyota, Honda, Volkswagen, Hyundai, Tesla, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Lordstown , Ohio, Orion, Michigan, Spring Hill , Tennessee, Detroit, Bengaluru

Two officials from a Korean defence company confirmed the syndicated loan plan. Two officials at South Korean banks said there would be loans, but did not specify the type. That deal was worth $13.7 billion, South Korea's largest to date. The South Korean government didn't immediately provide a comment when asked for one. The South Korean government official did not elaborate on the size of the potential syndicated loan.

Persons: Kacper, didn't, 1,320.4500, Cynthia Kim, Seunggyu Lim, Jihoon Lee, Josh Smith, Gerry Doyle Organizations: REUTERS, Rights, Reuters, South Korean, South, Korea's, Hyundai Rotem Co, Hanwha Aerospace, Hyundai Rotem, U.S, Thomson Locations: South Korea, Wierzbiny, Orzysz, Poland, Rights SEOUL, South Korean, South, Seoul, Ukraine, Russia, Europe

☆ Ken Mattingly: Apollo astronaut who helped save crew of Apollo 13, dies at 87
▼ + stars: | 2023-11-03 | by ( Paradise Afshar | ) edition.cnn.com time to read: +3 min

CNN —Apollo astronaut Thomas Kenneth Mattingly II, known for helping the crew of Apollo 13 safely return to Earth after an explosion doomed their lunar mission, has died at the age of 87, NASA announced. “Perhaps his most dramatic role at NASA was after exposure to rubella just before the launch of Apollo 13,” Nelson said. Space Frontiers/Archive Photos/Getty ImagesActor Gary Sinise portrayed Mattingly in the movie “Apollo 13.”Sinise called it an “honor” to play Mattingly in a post on X earlier this year to mark the 53rd anniversary of the Apollo 13 mission. It was just so impressive.’ He viewed the universe’s vastness as an unending forum of possibilities,” Nelson said. “As a leader in exploratory missions, TK will be remembered for braving the unknown for the sake of our country’s future.”

Persons: Thomas Kenneth Mattingly II, “ Mattingly, Bill Nelson, Mattingly “, ” Mattingly, wasn’t, Mattingly, Ken, TK, “, ” Nelson, James Lovell, Jack Swigert, Fred Haise, Thomas Mattingly II, Gary Sinise, ” Sinise, ”, Charles M Duke, John W Young, Thomas K Mattingly, ‘ Organizations: CNN, Apollo, NASA, Aeronautical Engineering, Auburn University, US Navy, Air Force Aerospace Research, School, Manned Spacecraft, UPI Locations: Chicago, Miami, Houston

☆ Upstart steals march on Atos’s M&A battle
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier Acquire Licensing RightsLONDON, Nov 2 (Reuters Breakingviews) - Atos (ATOS.PA) may have found a helper, and potential acquirer. Smaller rival Onepoint said on Wednesday that it had bought a 9.9% stake in the ailing French IT company. Mustier is trying to implement a plan devised before he took over, which will see Atos split into two entities. Its 10% stake will have cost no more than 70 million euros. If a 900 million euro rights issue included in the split plan is confirmed, the total outlay for the stake will be about 160 million euros.

Persons: Atos, Sarah Meyssonnier, Onepoint, Jean, Pierre Mustier, Daniel Kretinsky, Mustier, Pierre Briançon, Aston Martin, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, French IT, Airbus, Pfizer, Thomson Locations: Paris, France, French, Czech, Orange, cybersecurity

☆ Two chip stocks are surging this week. Options traders bet one will keep going and one will falter
▼ + stars: | 2023-11-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.

Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing

☆ Montana GOP Senate candidate would be in the top 10 richest lawmakers — and his investments are sure to irk some conservatives
▼ + stars: | 2023-11-02 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Tim Sheehy, GOP leadership's anointed Senate candidate in Montana, disclosed his personal finances. Altogether, the Montana Republican's net worth lies somewhere between $74 million and $260 million, according to a calculation of his declared assets. Yet Tester still handily outraised Sheehy during the last quarter, raising $5 million versus Sheehy's $2.8 million. The Montana Republican and his wife are also invested in a variety of pharmaceutical companies, even as skepticism of big pharma grows on the right in the wake of the pandemic and COVID-19 vaccine mandates. The spokesperson also pointed to Sheehy's ethics pledge, which states that the Montana Republican will place all of his stocks into a blind trust if elected.

Persons: Tim Sheehy, Democratic Sen, Jon Tester, Bridger Aerospace CEO's, Republican Sen, Rick Scott of, who's, Tester, outraised Sheehy, Matt Rosendale, —, Sheehy, Bridger Organizations: Service, Democratic, Bridger Aerospace, Republican, Bridger, GOP, Montana Republican, Johnson, Royalty Pharma Locations: Montana, Bridger, Rick Scott of Florida, Rosendale, China, PZIEX, Cloverly

REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.

Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru

☆ Here's an update on 10 of our companies that reported earnings and how we feel about each stock
▼ + stars: | 2023-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

GOOGL YTD mountain Alphabet YTD Alphabet (GOOGL): The quarter from the Google parent was mixed . On one hand, we were pleased to see revenue growth acceleration and beats at Search and YouTube. For Alphabet to catch up in the AI race, it might be forced to invest more aggressively, creating an imbalance between revenue growth and expense growth. AMZN YTD mountain Amazon YTD Amazon (AMZN): This was a fantastic quarter that checked a lot of boxes for us. While AWS cloud revenue growth may not have accelerated as some optimistic bulls had hoped for, it stabilized.

Persons: Jim Cramer's, Here's, inflect, We're, Mark Zuckerberg's, Danaher, Ford, Decker YTD Stanley Black, Decker, Jim Cramer, Jim, Benoit Tessier Organizations: Jim Cramer's Charitable, CNBC, Sciences, Microsoft, Google, Web Services, LIN, Linde, Honeywell, Aerospace, Technologies, Materials, Productivity Solutions, Ford, UAW, Meta, Inc, Viva Technology, Porte de Locations: China, North America, breakeven, Porte, Paris

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