|Day's Range||2.2000 - 2.2000|
Arlington-based HyperQube, which allows companies to build an exact copy of their information technology infrastructure, is raising $2 million in funding, CEO and founder Craig Stevenson confirmed to me in an interview. The firm, founded in 2016, currently counts three employees and 10 customers and is on track to do more than $250,000 in sales in 2019, Stevenson said. Stevenson got the idea from one of the biggest hurdles at a former job, as former technical director and later principal cyber engineer at Raytheon Co. (NYSE: RTN).
While frequently overlooked, industrial stocks held their own throughout 2019 and appear to be in strong position heading into 2020.The ongoing U.S.-Chinese trade war hasn't exactly been easy for American industrial companies, which on average derive more than a third of their revenues from China, and many of which order supplies from the country as well. Nonetheless, the Industrial Select Sector SPDR Fund (XLI) actually boasted slightly better returns than the S&P; 500 year-to-date through Dec. 3. The sector is set up to beat the Street next year, too.Barry Bannister, head of institutional equity strategy at Stifel Nicolaus, suggesting that investors buy into cyclical stocks such as industrials while shedding defensive plays. "Although we see (more than) 5% further for the S&P; 500 into 2020, we see twice that return, or plus 10%, for a long-cyclical/short defensive industry trade in the same period," he writes.Given that industrial stocks still face trade risks, however, investors are (rightfully) seeking out the crème de la crème - those stocks poised to continue outperforming through 2020 and beyond. One way to separate the wheat from the chaff is to focus on the names Wall Street analysts are standing firmly behind.Here are the five best industrial stocks to buy for 2020. We've used TipRanks' Stock Screener to zero in on five industrial-sector companies that are receiving robust support from the Street, earning a "Strong Buy" consensus rating. SEE ALSO: The 20 Best Stocks for 2020
This technology is spreading from the defense industry to commercial applications, including in entertainment and health care.
Turkey said on Wednesday it would retaliate against any U.S. sanctions over its purchase of Russian defence systems, adding that with Britain it had agreed to speed up a joint fighter jet programme to meet Turkish defence needs. U.S. lawmakers will vote - and likely pass - a defence bill later on Wednesday that calls for sanctions against Turkey over Ankara's decision to procure the S-400 defences. Turkey and the United States, NATO allies, have been at odds over the purchase.
(Bloomberg) -- A U.S. judge voiced concern that it would be risky to end electronic location monitoring for two engineers awaiting criminal trials on charges they stole trade secrets from Apple Inc.’s autonomous-driving project for new jobs in China.U.S. District Judge Edward Davila seemed skeptical at a hearing Monday of a recommendation by the office that supervises defendants on bail to discontinue monitoring for the two men in light of their compliance with other conditions of their release.“I do have continued concerns about their release from location monitoring,” the judge told lawyers. He didn’t issue an immediate ruling. Prosecutors previously said a search of the Maryland home of one of the ex-Apple engineers turned up a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.“The government fears that if the conditions of location monitoring are removed these defendants will flee and once they are gone, they are gone,” prosecutor Marissa Harris told the judge Monday.Read More: U.S. Says Accused Apple Secrets Thief Had Patriot Missile FileTo contact the reporter on this story: Peter Blumberg in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: David Glovin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The most drawn-out and dramatic acquisition in the Phoenix region in 2019 came from Germany-based Merck KGaA and its $6.4 billion acquisition of Tempe's Versum Materials Inc.
(Bloomberg) -- When U.S. prosecutors charged an Apple Inc. engineer in January with stealing trade secrets for a Chinese startup, a search of his home turned up something else, they said: a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.The discovery has added a striking national security wrinkle to an otherwise routine corporate espionage case, and the government says it merits keeping Jizhong Chen under close scrutiny.The Patriot document was discovered among numerous electronic devices and paper files from Chen’s former employers including General Electric -- some of which were stamped “confidential,” according to prosecutors.Chen, a U.S. citizen who was arrested on his way to catch a flight to China, is awaiting trial on charges that he collected photos, schematics and manuals from his work on Apple’s tightly guarded self-driving car project as he prepared to take a job with an unidentified rival.He has pleaded not guilty and remains free on $500,000 bail. But prosecutors argue the stash of sensitive data found in Maryland justifies subjecting him to location monitoring with an electronic device so he doesn’t disappear before his trial.Lawyers representing Chen and a second former Apple engineer facing similar charges -- who is also fighting prosecutors over the need for location monitoring -- contend the government is exaggerating the risk they’ll try to flee.The 2011 document relating to one of Raytheon’s best-known weapons was so secret that it “was not (and is not) permitted to be maintained outside of Department of Defense secured locations,” prosecutors said in an Oct. 29 filing that hasn’t previously been reported on by the media. Chen “has, for over eight years, illegally possessed classified national security materials taken from a former employer.”How a classified document ended up at an engineer’s home raises provocative questions, but they’re unlikely be answered in open court at a hearing set for Monday. A prosecutor and an attorney for Chen both declined to comment ahead of the hearing. A Raytheon spokeswoman didn’t respond to a request for comment.Read More: Tesla to Apple: Help Us Nail Robocar-Secrets Thief at China FirmAfter prosecutors first raised concerns about the evidence they found in Maryland, a magistrate judge agreed in March to extend an electronic monitoring requirement to give the government time to investigate. She finally ordered an end to the monitoring in October -- and prosecutors are now asking a district judge to overrule her.Lawyers for Chen say prosecutors have had enough time to present further evidence of criminal conduct. They also note that the federal office that supervises defendants on probation has concluded monitoring is no longer necessary because Chen has complied with all the conditions of his release and found full-time employment.Daniel Olmos represents both Chen and Zhang Xiaolang, who also worked on Apple’s autonomous driving project before he was arrested in July 2018 and accused of trying to take the company’s trade secrets to China-based XMotors. The lawyer makes an argument that goes to the heart of the cases against both men: There’s no evidence that Apple’s intellectual property was shared with a third party. That’s significant because possession of the information alone isn’t necessarily a crime.Olmos also contends that each of the engineers has strong ties in the U.S. and the trips they were about to take to China when they were arrested were planned for the purpose of visiting relatives, not escaping prosecution.“The government’s argument that Mr. Zhang poses a flight risk because he is a Chinese citizen is insufficient to warrant GPS monitoring,” Olmos said in a filing. “Mr. Zhang has full-time employment, a new family, and no travel documents.”The cases are U.S. v. Chen, 19-cr-00056, and U.S. v. Zhang, 18-cr-00312, U.S. District Court, Northern District of California (San Jose).To contact the reporters on this story: Peter Blumberg in San Francisco at firstname.lastname@example.org;Robert Burnson in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Anthony Lin, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Raytheon (RTN) secures contract to provide engineering and technical support, depot and intermediate level repair, maintenance and recertification of standard missiles
Moderate flow of funds might have driven U.S. defense stocks. While General Dynamic (GD) secures a $22-billion deal, Curtiss Wright (CW) hikes its share buyback program.
A Credit Suisse strategist reiterated an overweight call on U.S. growth stocks, which he says can outperform even when bond yields rise.
Raytheon Company (NYSE: RTN) debuted a virtual reality version of its portable V-22 trainer today at I/ITSEC, the world's largest modeling, simulation and training event. Aircraft Functional V-22 Trainer-Virtual Reality is a fully immersive system that provides hyper-realistic training across all experience levels, including early-career aviation maintenance students and those engaged in continuing education.
Raytheon (NYSE: RTN) unveiled a new immersive military training product today at I/ITSEC, the world's largest modeling, simulation and training event. The Synthetic Training Environment Soldier Virtual Trainer, or STE SVT, uses virtual reality to train squads of soldiers in multiple scenarios while using real and virtual weapons.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Curtiss-Wright's (CW) acquisition of 901D Holdings is likely to be accretive to its 2020 adjusted diluted earnings per share and produce a free cash flow conversion rate in excess of 100%.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Defense contractors have continued to outpace the market as tensions heat up and the Pentagon focuses on Russia and China. So is Raytheon stock a good buy?