tough way to deal with an earnings beat. All of the industrials are taking hits, but none like UTX. Don't understand the severity of this at all. Markets are top heavy to be sure -- but UTX is now approaching its 52 week low and earnings and revenues are still projected to rise (nicely) thru next year. ANd because of the type of businesses they are in, they can see that far with contracted work pretty readily.
Anybody know of any looming bad news that is hanging specific to UTX ?
It is reported that Dr. Spock and Ship Engineer Scotty have not decided on which Engine supplier to use for the Enterprise on it's Final Frontier Voyage ! Long Term UTX spacey
Emirates, the world’s largest buyer of Airbus A380 aircraft, is exploring engine options for a batch of 50 additional superjumbos, handing Rolls-Royce Holdings Plc an opportunity to unseat a General Electric Co. and Pratt & Whitney joint venture that powers the existing jets.
“A decision has not been made at this time on which engine will be used for the new A380s,” Emirates said in an e-mailed statement today. The selection “is under consideration and will be made soon.”
The first 90 A380s that Emirates has ordered, with 39 delivered, are powered by GP7200 turbines built by the GE joint venture with United Technologies Corp.’s Pratt unit, giving the so called Engine Alliance a market-share lead on the superjumbo. Rolls-Royce has secured deals from a broader range of A380 operators, including Qantas Airways Ltd.
The London-based engine maker has been working on an update of its Trent 900 offering for the A380 to boost reliability and improve fuel burn, called EP2 or Enhancement Package 2. The upgrade will be available from next year, Rolls-Royce has said.
The Engine Alliance, which is exploring options for an upgrade to its GP7200 from next year, will introduce smaller part enhancements for new and existing turbines to improve reliability and long-term performance, said Dean Athans, the head of the consortium. These should address the cause of an in-flight GP7200 shutdown Emirates experienced this year.
jtb,....Interesting cliché, like sell in May and go away. But, I doubt the market is going to move based on ancient superstitions or the calendar. Fundamentals like earnings, revenues, job numbers, dividends, interest rates, housing starts, car production, and future expectations will trump clichés......Kid
I own, down a lot. Goes down every day regardless. Wait unitl you see a couple up days confirmed with volume. Some major players have to be in liquidation mode for price action this bad. Wait till they are done. That said I like the company.
You are correct golfer. I hang out in the fix income fund. I occasionally make bets on one day moves in the market. With a big down move like we had I am betting on a bounce back today. I consider myself a market timer. I will move myself out of the market today whether I win or lose. I only play with a little of my money because you can never be sure of the outcome. Yes it is a lot of luck but for sure when you have a big down day there is a good chance of getting a bounce back.
golfer,......Predicting market action is risky, there are too many unknowns that can move the market in either direction. In today's interest rate environment, the market looks better than a CD or other financial instrument. I took a mandatory distribution on May 12 from my UTC 401K, at that time UTX was at 118.63 and the DOW was at 16,695. Since May 12, UTX is down 11% and the DOW is down less than 1%. So, UTX has been underperforming and disappointing. UTX still has solid financials, but, is not a sexy stock like FB or CELG or TSLA. TSLA is way overvalued and Elon Musk is the new P.T. Barnum. I'm betting against TSLA, if it goes down, I make a profit. Good luck to all, including W2B......Kid
Hello Mr. Want2Bike;
I have always enjoyed your posts here, as well as your perspective [Kid's too for that matter]. Tonight you have me confused. Based on your recent/past posts - I always figured you were very heavy into the income fund. Your "Wish me luck" comment tonight implies something different.
Like probably yourself - I have a UTC 401K. I have been buying a little on the recent way down.....but not a lot. This stock has had quite a run, as well as the market, and we may well be near another bubble/burst.
All that aside - if its not too personal - could you please share what you did recently that would make you want us all to wish you luck?
Do exactly the opposite what Cramer says. This guy makes his money with guess work, or he is using his clout to Pump then Dump ...
just my humble 5 cents
I feel your pain, Airborne. I flipped a bunch in at 114, and thought OK, it will bounce its way up to 120 sooner or later. I was kinda HOPING on the SOONER!
Cramer does not know anymore than the rest of us. People like Cramer and KID or good cheer leaders on the way up but very quiet on the way down. This market has been going up for over 5 years and bull markets do not go on forever. They don't ring a bell at the top. The Fed is starting to pull back stimulus so this could be the beginning of a bear. Might be a good time to get out. The last time we had the bear UTX went down to the 40's. Do you think that can't happen again? UTX is down for the year and that is not a good sign. Fix income has started to turn up. That is the place to be.
Commercial engines, aircraft components, and helicopter deals. Not significant enough to cause this downward spiral.