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Huawei, General Electric, Target, Google, Sony and AT&T are the companies to watch.
Amazon said Tuesday that it will lease and additional fifteen cargo airplanes from Boeing, through a deal with General Electric's aviation unit, in order to boost its global delivery network.
Wall Street's main indexes were set to open higher on Tuesday, as more dovish calls from the European Central Bank lifted expectations of a similar accommodative stance from the Federal Reserve. The Fed's statement at 2 p.m. EDT (1800 GMT) on Wednesday will likely provide insights into the impact of the U.S.-China trade war, President Donald Trump's calls for a rate cut and weaker economic data on monetary policy.
Amazon.com Inc. said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. , through a partnership with General Electric Co.'s GE Capital Aviation Services (GECAS). The 15 aircraft will be in addition to the five Boeing 737-800s already leased from GECAS, announced earlier this year. "These new aircraft create additional capacity for Amazon Air, building on the investment in our Prime Free One-Day program," said Dave Clark, senior vice president of worldwide operations at Amazon. "By 2021, Amazon Air will have a portfolio of 70 aircraft flying in our dedicated air network." Amazon's stock rose 0.9% in premarket trading, while Boeing shares climbed 1.3% and GE's stock tacked on 0.9%. The shares gains come as futures for the Dow Jones Industrial Average rallied 144 points.
General Electric Co NYSE:GEView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for GE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GE. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding GE are favorable, with net inflows of $8.86 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. GE credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Fed's two-day meeting is scheduled to start on June 19. The Fed will release a statement and announce its interest rate decision on the same day. Expert Jim Grant weighs in on the possibility of an interest rate cut.
Much of the recent negative information on GE seems to have come from GE’s biggest competitor. That raises a new risk for GE investors: The echo chamber.
General Electric (GE) closed the most recent trading day at $10.05, moving -1.76% from the previous trading session.
Airbus and GE announced their first orders at the Paris Air Show Monday, while Boeing said it's open to changing the 737 Max's name.
GE will redesign a new jet engine for Boeing's newest jets after finding unexpected wear in a compressor part. GE stock fell while Boeing rose.
A Greater Cincinnati manufacturer will produce engines for India’s largest passenger airline as part of a multibillion deal the company said is the largest single engine order in aviation history.
Genpact, an August 2007 GE spinoff, has staged some steady runs after breakouts. The Street sees profits growing at a mild double-digit pace.
(Bloomberg Opinion) -- United Technologies Corp. CEO Greg Hayes dropped the bombshell news of his company’s merger with missile-maker Raytheon Co. just days before the start of the Paris Air Show, thereby ensuring rivals would have to answer questions about the deal at the industry’s premier event. The deal will turn United Technologies into a $74 billion commercial aviation and defense powerhouse, with the kind of scale and negotiating leverage that was previously only enjoyed by Boeing Co. and Airbus SE. Management at General Electric Co. and Honeywell International Inc. don’t seem in any rush to respond in kind, and they aren’t so sure bigger is better. But the United Technologies-Raytheon merger is so big that it will be impossible for them to ignore it.“We’ve never really considered scale as a part of our strategy,” Tim Mahoney, CEO of Honeywell Aerospace, said in an interview at the Air Show on Monday. The company prioritizes differentiated products that are more than a “me-too” and believes that will ultimately give it an advantage with manufacturers and airlines, he said. GE’s David Joyce, who heads up the company’s aerospace business, echoed that thought in a Bloomberg TV interview: “That merger may have scale but we have the right technologies and engines to be competitive.”During a media briefing earlier in the day, Joyce touted the advantages of GE’s Leap engine over the rival geared turbofan from United Technologies’ Pratt & Whitney arm, including what he says is a $1.4 million advantage in residual value and 6% better utilization. After the merger, GE’s biggest jet engine rivals will continue to be Pratt & Whitney and Rolls-Royce Holdings Plc, and “I feel really good about our positioning relative to either of those competitors right now,” Joyce said. The “right now” part of that sentence seems key. No, GE isn’t gaining a new competitor, but it is going to see a very different one.United Technologies and Raytheon are targeting $8 billion in annual R&D spending. GE Aviation spent $1.5 billion on R&D in 2018, including contributions from customers, according to its annual filing. That would put the aviation unit’s R&D spending at about 5% of sales. At the media briefing, Joyce said GE Aviation spends about 8% of its sales on R&D, which is based on $2.4 billion in total “engineering” spend. Either way, it’s less than the nearly 11% of United Technologies-Raytheon’s combined sales that will be devoted to investing in new products. Honeywell doesn’t disclose R&D spending by division, but spent $1.8 billion on company-sponsored R&D across all its businesses in 2018, according to its 10K. That’s roughly 4.3 percent of its total sales last year.The dollar amount isn’t everything. As GE itself knows far too well from its experience going down the rabbit hole on its Predix software platform, it’s quite easy to spend a lot of money without anything to show for it. And United Technologies will admittedly be distracted while it integrates not only Raytheon, but the $30 billion acquisition of avionics maker Rockwell Collins Inc., which only just closed in November. Not to mention it’s also trying to break itself in three parts. The company’s wager on scale is still highly untested and despite all the speculation about the sweeping consolidation its dealmaking might inspire, we haven’t seen much of that. Of the eight aerospace and defense deals larger than $5 billion over the past decade, United Technologies (or Rockwell Collins) has been involved as a buyer in four of them; United Technologies also sold its Sikorsky helicopter unit to Lockheed Martin Corp. for $9 billion in 2015. The party of bigger is better is pretty much a party of one – again, for now.Joyce interestingly said that while the United Technologies-Raytheon tie-up doesn’t make him feel compelled to act, he “wouldn’t rule out anything” when it comes to a deal with a good value proposition, and that he talks to CEO Larry Culp on a regular basis. That echoes increasingly frequent comments made by Culp about going on offense. I do wonder whether GE is thinking more seriously about dealmaking – or if it just wants investors to think that it is. As for the much-debated possible combination of GE Aviation and Honeywell Aerospace, I don’t get the impression the latter is that interested. Honeywell views acquisitions as a way to extend the capabilities of its businesses, rather than double down on more of the same, Mahoney said. He gives the example of Honeywell’s purchase of fuel-efficiency software maker Aviaso in 2015 for an undisclosed amount. Mahoney said he wished Aviaso was a larger business, which suggests he’s not opposed to bigger takeovers but only if the technology is really compelling.So don’t hold your breath on that one. But could there be other deals? Check back at next year’s Air Show in Farnborough. To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
International energy companies are descending on Iraq for a bid on the country’s $40 billion infrastructure overhaul imitative
JPMorgan analyst, and longtime General Electric bear, Stephen Tusa thinks that GE’s onshore wind-power business will decline in 2021, after the expiration of U.S. government tax credits for renewable-power generation.
In the daily bar chart of GE, below, we can see that prices have traded sideways between $11 and $9 the past 4 1/2 months. The trading volume looks like it has diminished since early February as the trading range has narrowed. The daily On-Balance-Volume (OBV) line has been flat to slightly lower since early February signaling that sellers are slightly more aggressive.
The news has been bad for Boeing (NYSE:BA) and the chart looks ugly. Which means it may be time to get in. Boeing has been making negative headlines ever since one of its new 737 MAX jets crashed in Ethiopia in March. It was the second such crash in six months.Source: Shutterstock Now airline executives are calling the industry itself traumatized. They're having to cancel flights. Big orders are being lost. A Norwegian MAX was denied entry into German airspace this week, landing in Paris instead. People dreaming of bratwurst are being given crepes instead.Analysts, often the last to react to anything, are now sending out bearish notes. Investors are being warned away. The stock has fallen 20% since March 1.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAll this tells me it may be time to buy. The Bull Case for BA StockAt its current price of around $352 per share, Boeing is selling for around 20 times last year's earnings and its dividend was yielding 2.4%. That's as cheap as it has been in years. The stock has more than tripled in price over the last five years. * 7 Top-Rated Biotech Stocks to Invest In Today Boeing operations aren't slowing down, because Boeing has a huge backlog of orders. Despite the scandal it still beat rival Airbus SE (OTCMKTS:EADSY) on orders for the first quarter.One big reason for that is its military contracts. Boeing is the second-largest military contractor in the world. It got $13.7 billion of contracts in one month recently. As the world gets its war on, this is a significant tailwind.Boeing brings in 31 cents of profit for each dollar of capital deployed, which is huge. The company is expecting earnings of $1.81 per share on revenue of $21.57 billion when it reports July 24. Even with its latest fall the stock is up 163% over the last five years. Boeing's Bear CaseThe bears do have a case.The case starts with Boeing's reaction to the scandal. It seems an example of what not to do. Blaming pilots before collecting all the evidence rankles.CEO Dennis Muilenburg has apologized to those who lost loved ones in the two crashes. But to many people they look like crocodile tears. Analysts are looking to the company's board to provide leadership but, so far, it seems dug-in on behalf of management.Flyers also now hate the 737 MAX, Boeing's best-selling jet. They want to see it fly safely for six months, with other people on it, before they say they'll get in one. Some airlines want Boeing to pay for their grounding of the aircraft.Boeing's recent order woes are so bad they're impacting the whole nation's durable goods numbers. Lawyers are lining up the class-action suits over the stock's fall. The maiden flight of its 777X was delayed, although its General Electric (NYSE:GE) engines are being blamed. The Bottom LineIf Boeing made cars or refrigerators, a scandal like the one involving its best-selling product would be ruinous.But Boeing makes airplanes. Few companies make airplanes. Even with all the cancellations and two months without orders Boeing had a backlog of 5,582 planes at the end of April.This means Boeing has time to deal with the 737 MAX. With almost $8 billion in cash and short-term investments on the books, it can handle the pain. The rest of the company is doing well. Military orders continue to come in on an almost daily basis. Down $90 per share from its high, it looks like the patience of an income investor will be rewarded if they pull the trigger on Boeing stock today.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Is it Time to Get Back Into Boeing Stock? appeared first on InvestorPlace.
Unison Industries, whose equipment reliably start more than 50,000 aircraft engines daily, announced today a new product to market that will deliver the longest lasting CFM56-series igniter plug in the industry. Unison’s Hi-Performance Igniter for CFM56-series has twice the life of standard igniters. Unison is the only CFM56 OEM-approved igniter plug by CFM, and it is currently being installed on all new CFM56 engines after receiving FAA approval in 2018.
(Bloomberg) -- Indian budget carrier IndiGo is ordering jet engines worth $20 billion from a joint venture of General Electric Co. and France’s Safran SA, a sign that the biggest buyer of Airbus SE A320neo planes is moving away from a rival engine by Pratt & Whitney following a series of glitches.The order by IndiGo, operated by InterGlobe Aviation Ltd., for 280 engines to power Airbus A320neo and A321neo aircraft will include service and maintenance, the airline statement said. CFM International, the GE-Safran venture, will deliver the first engine by 2020.The order is a blow to Pratt, a division of United Technologies Corp., which has grappled with delivery delays and groundings in India after spending $10 billion to develop its fuel-efficient geared turbofan for single-aisle jets. The deal strengthens CFM’s presence in India, the world’s fastest growing aviation market last year, with the local affiliate of Singapore Airlines Ltd. and state-run Air India Ltd. already using its turbines.A move by IndiGo, Asia’s biggest budget carrier by market value, to CFM “would be a key reputational negative” for Pratt’s geared turbofan and could hurt future sales campaigns, Cowen & Co. analyst Cai von Rumohr said in a note to clients on May 30. IndiGo, which controls almost half of the local market in India, had ordered 430 A320neo-family jets, and chose Pratt to supply turbines for the first 150 of them. The airline, founded by billionaires Rakesh Gangwal and Rahul Bhatia, is in talks with Airbus to place another “large” order to fuel an ambitious growth plan beyond the subcontinent, Chief Executive Officer Ronojoy Dutta said in an interview last month.To contact the reporter on this story: Anurag Kotoky in New Delhi at firstname.lastname@example.orgTo contact the editors responsible for this story: Young-Sam Cho at email@example.com, Ville Heiskanen, Unni KrishnanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Danaher (DHR) stands to gain from solid product portfolio, acquisitive nature and shareholder-friendly policy. High costs and debts as well as forex woes remain concerning.
Boeing executives took turns to apologise for the loss of life in two 737 MAX crashes and pledged to apply lessons of the crisis to future planes as the world's largest aerospace company struck a chastened tone at the opening of the Paris Airshow. Executives from finance, jetliners, defence and services added their voices to apologies for the 346 deaths from Chief Executive Dennis Muilenburg, while also touting the strength of the overall aerospace and defence market. "This is the most trying of times," Boeing commercial airplanes boss Kevin McAllister told a press briefing.