|Bid||372.50 x 3000|
|Ask||376.00 x 1200|
|Day's Range||370.68 - 376.43|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||21.36|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||8.22 (2.20%)|
|1y Target Est||413.57|
The embattled industrial giant is scheduled to release second-quarter earnings results ahead of the opening bell, and all of the attention will be on the troubled 737 MAX jets and Boeing’s full-year outlook.
Last quarter, Boeing Co., Facebook Inc. and Tesla Inc. played “Hold my beer” amid controversies; three months later, it is time for an update as they work through their issues.
The first flight of the new aircraft, bearing a "Clean to Fly" moniker on its fuselage, comes as jet makers and airlines battle a growing chorus of criticism that global air travel exacerbates global warming.
Boeing will release its Q2 earnings before the market opens Wednesday after the aerospace giant announced it would book a massive charge the grounded 737 Max.
The grounding of the 737 MAX jet at Boeing Co. (BA), the largest American manufacturing exporter and one of the nation's biggest private employers, is weighing on the U.S. economy. In the wake of two disastrous commercial airline crashes, Boeing's reduced production has left lines of MAX jets piling up at Boeing factories. Boeing's impact comes as the economy already is expected to post a modest 2% gain in GDP in the second quarter, partly due to the U.S.-China trade war, a growth rate far below the goals of the White House.
Bernstein Litowitz Berger & Grossmann, for its part, says the family's assertion is “implausible." It reached that conclusion after firm investigators staked out the Nevada family’s homes and peppered their friends and coworkers with phone calls. According to Bernstein Litowitz’s brief, people who know the Nevada family - a retiree who lives half of the year in Shanghai, an office worker in the state’s pest control bureau, and a casino employee who moonlights for a pest control company – “expressed disbelief” about the family’s claim to have invested more than $40 million in Boeing stock.
Earnings growth to slow down Southwest Airlines (LUV) plans to report its fiscal 2019 second-quarter results on July 25. Analysts estimate that the earnings growth rate could slow down in the quarter.
The U.S. Senate is set to vote on Wednesday to confirm a former airline executive to head the Federal Aviation Administration. The Senate voted 52 to 45 Tuesday to end debate and advance former Delta Air Lines executive Stephen Dickson's nomination. This month, the Senate Commerce Committee voted 14 to 12 along party lines to approve the nomination.
Spirit AeroSystems Inc. will get up to $150 million in compensation from a supplier it is buying to cover damages as the result of a recent cyber attack against the European-based company. According to a filing last week with the Securities and Exchange Commission, Wichita-based Spirit (NYSE: SPR) has entered an amended purchase agreement with Asco Industries Inc. to cover that compensation. The amended deal also increases the amount in escrow “to satisfy indemnification claims under the purchase agreement” by $40 million. The move follows a ransomware attack against Belgium-based Asco in June, which the filing states forced a substantial portion of the company’s production to be suspended. The amended agreement also requires Asco to provide Spirit with all the information it has collected regarding the cyber attack and extended the deadline at which the purchase agreement would automatically be terminated if all conditions were not met from July 15 to Oct. 29. Spirit has previously said that there was no evidence that any of its own data had been comprised in relation to the ransomware attack against Asco.
The U.S. Senate was set to vote on Tuesday to advance the nomination for head of the Federal Aviation Administration of a former airline executive whose handling of a whistleblower case has come under criticism from Democrats. Safety concerns are an issue at the FAA, which is grappling with a review of Boeing Co's grounded 737 MAX in the wake of two crashes that killed 346 in October and March and broader questions about how it certifies aircraft and whether it delegates too much authority to manufacturers. The Senate will vote on former Delta Air Lines executive Stephen Dickson's nomination.
American Airlines (AAL) will report its fiscal 2019 second-quarter earnings results on July 25. Analysts expect its revenue and earnings to mark significant YoY (year-over-year) improvement despite Boeing’s (BA) grounded 737 MAX jets. Wall Street expects AAL to report EPS of $1.80, a YoY increase of 10.1%. Wall Street's earnings growth predictions suggest a sharp […]
Raytheon's (RTN) second-quarter 2019 results are likely to benefit from steady order growth. Yet, poor margin performance at two of its major segments might limit earnings growth.
Boeing's (BA) defense unit is likely to deliver impressive performance in second-quarter 2019, courtesy of solid order growth, increased deliveries of KC-46 tankers and expectations for improved margins.
If last quarter's numbers from Delta Air Lines (NYSE:DAL) and United Airlines Holdings (NASDAQ:UAL) are an early indication, then then Thursday's Q2 report from Southwest Airlines (NYSE:LUV) should prove bullish for an otherwise lethargic LUV stock. Shares of the rival carrier have underperformed DAL and UAL stock in a big way since early last year.Source: Shutterstock On the other hand, even with the decidedly disparate performance, the current LUV stock price near $53 leaves shares oddly overvalued compared to most of its peers.The upcoming event may well put Southwest stock on course for a higher altitude, but the airline will have to bring a big-time 'wow' factor to the table to shake the stock out of its funk.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southwest Earnings OutlookDelta's second-quarter top and bottom lines were both better than expected. Ditto for United Airlines. Indeed, most of the airlines that have posted second-quarter numbers have managed to impress investors. * 7 Stocks to Buy This Summer Earnings Season The backdrop serves as a double-edged sword for Southwest, which is slated to share its Q2 results on Thursday morning, July 25.The industry's wave of success suggests Southwest also top expectations, but should it fall short, the shortfall will look relatively worse considering other airlines didn't bump into a headwind.To that end, the bar is set more or less on par with how those other airlines fared. Analysts are calling for earnings of $1.34 per share for the quarter ending in June, versus the $1.26 per share of LUV stock reported in the same quarter a year earlier. Analysts are looking for a top line of $5.93 billion, on average, up 3.3% from the year-earlier figure of $5.74 billion.Beyond the raw numbers, investors may largely end up making buy/sell decisions based on a trio of more obscure criteria. Things to Watch in LUV Stock's Earnings1.Impact of Boeing 737 DebacleThe 737 MAX from commercial jet maker Boeing (NYSE:BA) has been grounded in the United States, and in other select areas all over the world. It's arguably been the biggest disruption any airline has been forced to tangle with this year.Southwest has adapted, though not elegantly. The company has stopped hiring and promoting pilots, and has also been forced to cancel flights that can't be cost-effectively handled by other aircraft. With the 34 of the 737 MAX 8 jets in its fleet now grounded until early November, Southwest -- the biggest single user of the jet -- must continue to handle the logistical nightmare.2.PRASMPRASM, short for passenger revenue per available seat mile, will paint a more accurate picture of Southwest's quarter without penalizing it for its dependency on the 737 MAX 8.A quarter earlier, Southwest's PRASM grew 2% to 12.52 cents, while total revenue per available seat mile improved 2.7% to $13.59 cents. During the second quarter of this year, United Airline's PRASM grew 2.5%. Delta's figure improved along those same lines.3.Operating expensesAt the other end of the spectrum, LUV stock holders will want to measure the airline's costs incurred in ferrying the passengers sitting in its planes' seats.That's best measured with a metric called CASM, or cost per available seat-mile. Southwest's CASM during the first quarter of the year was up 5.1%, and as such wasn't fully offset by rising per-unit revenue.This is a front where Southwest is particularly vulnerable. Though now proven problematic, the 737 MAX was a very fuel efficient airplane. Southwest was counting on relatively lower fuel costs in 2019 and beyond, but the grounding of its 737 MAX jets wipes away that cost advantage.To that end, Delta -- which didn't fly the 737 MAX plane that's grounded in many major markets -- reported an unadjusted GAAP decline of 1.5% in CASM, though on an adjusted basis, Delta's second quarter CASM was still up 1.4%. United's CASM for Q2 was practically flat. Looking Ahead for LUV StockFor the record, Delta raised its full-year profit outlook when it reported its second quarter numbers earlier in July. United Airlines upped the lower end of its 2019 profit forecast, from a range of between $10.00 and $12.00 to a range of between $10.50 and $12.00. It's likely Southwest will share a similarly-improved outlook, even if it doesn't offer specifics.Even so though, the airline's results are leaving investors struggling to rectify the stock's valuation with a chart that's seemingly testing the waters of a recovery effort. Click to EnlargeLUV stock has been trending lower, albeit erratically, since peaking in early 2018. The weakness has been problematic despite continued top line growth and at least a steady, reliable bottom line that's only been subject to sweeping changes in oil prices.The net-bearish outcome, therefore, is largely attributed to an above-industry-average trailing P/E of 12.5. Analysts, however, are modeling a massive improvement in next year's profits that other airlines aren't apt to keep pace with. Click to EnlargeThis shift may be a key reason the late-May/early-June low from Southwest stock was the first major higher low shares have logged since 2016.The turnaround effort is still wobbly to be sure. LUV stock has only just crossed back above its 200-day moving average line, but even then it's far from securely in a new uptrend. * 10 Stocks to Buy From This Superstar Fund If the company can convince investors that it's truly positioned to do something it's struggled to do over the course of the past year, though, LUV stock may actually offer more potential upside than most other major airline stocks do at their current prices.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 3 Things to Watch When Southwest Reports Earnings appeared first on InvestorPlace.
There will be a lot to discuss about the troubled 737 MAX jet when the company reports second-quarter earnings on Wednesday, before the market opens for trading.
In other earnings news, United Technologies (NYSE: UTX) beat expectations and lifted guidance, while Travelers Companies Inc (NYSE: TRV) beat on revenue but missed on earnings per share. Earnings growth is 3.6% so far, but we’re really just getting started. There was also some talk about the U.S./China trade situation early this week, with media reporting the chance of face-to-face talks resuming between negotiators.
Until February, General Electric (NYSE:GE) stock was fairly volatile and fell more often than not. Yet the shares have stabilized in recent months. In fact, General Electric stock has been in a tight range, trading between $9 and $10.50 or so.Source: Shutterstock On July 31, when GE reports its second-quarter results, there's a good chance General Electric stock will break out of its range. * 10 Stocks to Buy From This Superstar Fund Keep in mind that the expectations of Wall Street analysts are muted. Analysts, on average, expect GE's Q2 revenue to come in at $28.57 billion, down from $30.1 billion in the same period a year ago. The consensus outlook calls for earnings per share of 12 cents, down from 19 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the owners of GE stock will want to get more color on the progress of the turnaround efforts of GE under its new CEO, Larry Culp. For the most part, it looks like he has a realistic plan, which is focused on asset sales and spin-offs. No doubt, GE really needs a much more focused organization. The Issues Facing General Electric StockGE has lots of moving parts, and it continues to suffer from major challenges and headwinds. For example, UBS analyst Damian Karas recently downgraded GE stock to "neutral" with a price target of $11.50, down from $13.Part of his concern is the fall in interest rates. He expects the drop of interest rates to reduce the valuation of GE stock by $1 per share. But the company is facing a host of other swirling issues, which are tough to quantify.For example, the company has litigation exposure as well as an enormous debt load, which stands at $105 billion. Note that GE also has $75 billion of so-called "other liabilities," such as pensions and long-term-care obligations. In other words, the company's total liabilities are close to two times the current market cap of GE stock.Another one of its major problems is its Power business, which accounts for about 20% of its overall revenues. Unfortunately, there is intense competition in the sector, and demand for power-plant components has continued to lag. Consider that Chinese operators are also gearing up to make an aggressive play for the business.Stephen Tusa, who is an analyst at JPMorgan, has noted: "We believe a full accounting of the situation with a closer look at the data, even a rudimentary review, supports our view that (the Power unit of) GE is indeed losing market share…"In 2017 and 2018, Tusa's bear call on GE stock was accurate. What's more, he remains dour, with his price target on General Electric stock standing at a mere $5 per share.Interestingly enough, even GE's Aviation business is looking dicey right now, despite its traction at the Paris Air Show recently. Boeing's (NYSE:BA) grounding of its 737 Max could last a while. BA, a GE customer, also will likely miss the deadline on its 777X widebody plane.If GE's Aviation business, which accounts for about 60% of GE's segment-level profits, slows, GE's turnaround could be derailed. Tusa believes that such a slowdown is already occurring. The Bottom Line on General Electric StockCulp seems to be making the right moves. He certainly is a proven leader, as shown by his standout performance while he was CEO of Danaher (NYSE:DHR), which was also a sprawling and complex organization.But for GE, Culp has indicated that 2019 will be a "reset" year. This means that the owners of GE stock should expect choppiness and probably some negative surprises. For instance, Culp has already said that the 737 Max's situation is a "new risk."Thus, for the meantime, GE stock may continue to languish, and investors should probably be in no rush to buy it.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Can GE Stock Get Out of Its Rut? appeared first on InvestorPlace.
Eaton (ETN) decides to acquire the Souriau-Sunbank Connection Technologies business from TransDigm Group for $920 million. This buyout is likely to help it expand the aerospace business.
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rallied 2.0% ahead of its report due out after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up more than 0.7% ahead of their reports on Thursday. Investors' reactions to the reports of these top-tier growth companies could affect broader market sentiment, with the S&P 500 about 1% below its July 15 record high close.
The orders will help stabilize Boeing operations in the Puget Sound Sound region as the jet maker grapples with the financial impact of the 737 Max's global grounding.