131.40 +0.01 (0.01%)
After hours: 4:00PM EDT
|Bid||131.46 x 900|
|Ask||131.46 x 800|
|Day's Range||130.01 - 131.87|
|52 Week Range||100.48 - 144.40|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||20.41|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||2.94 (2.06%)|
|1y Target Est||151.50|
United Technologies (UTX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The AFA wants its new leader to excel in policy advocacy, workforce development and industry development activities, says its board chairman John Monroe, who is overseeing the search.
UTX's (NYSE:UTX) first quarter earnings demonstrated strong growth across its businesses as organic revenue grew 8%. Results were particularly strong in the aerospace businesses with 11% organic revenue growth and 12% pro forma operating income growth (including Rockwell Collins' results in both years). The Rockwell Collins acquisition is off to an excellent start with performance and integration ahead of management's expectations.
GENEVA , May 20, 2019 /CNW/ -- Pratt & Whitney, a division of United Technologies Corp. (UTX), announced today that it is adding three new services to its popular pay-per-hour engine maintenance program, the Eagle Service™ Plan (ESP™). "Our customers want to focus on what they do best, flying," said Timothy Swail , vice president of customer programs at Pratt & Whitney. The newly added oil analysis technology offered to ESP™ customers is more sensitive than traditional methods, allowing it to detect deterioration of oil-wetted parts such as carbon seals hundreds of hours before there could be a potential issue.
Billionaire hedge fund manager Bill Ackman has had his ups and his downs. Ackman has lost big before, in Valeant and shorting Herbalife. He has also won big with McDonalds and Chipotle. So far 2019, Ackman is up big. According to the Pershing Square Holdings, LTd website, NAV is up 38.4% year to date as of May […]
Escalating trade tensions between the U.S. and China have weighed on financial markets in May. Some analysts are calling these renewed trade tensions the beginning of a doomsday scenario. New tariffs have the potential to not only cut into corporate profit margins, but also push inflation higher in the U.S., especially against the backdrop of a full labor market. That will cause the Fed to come off the sidelines and raise rates.Thus, one potential outcome here is elevated trade tensions and a rate-hiking Fed. That is exactly what we had in late 2018, and that combo caused stocks to drop 20% into bear market territory. Consequently, some analysts are concerned that a new bear market may be right around the corner.But these concerns are overblown. In the big picture, U.S. President Donald Trump is married to the stock market, and because he has consistently tied his success to the success of stocks, he essentially has to keep the market afloat in order to improve his re-election odds in 2020. That's why the U.S. included a grace period for goods in-transit for this round of tariffs. Trump and company want to get a deal done. So does China because their entire economic improvement in 2019 has been predicated on stable trade conditions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, a deal will get done soon. Once it does get done, this little market selloff will reverse course, and stocks will proceed to march higher.With that in mind, it seems appropriate to reflect on how impressive the 2019 stock market rally has been. Year-to-date, the Dow Jones is up 10%. To put that in perspective, the Dow has risen by more than 10% in a year only seven times this century. We are already at that level, and it's only May. * 10 Retirement Stocks That Won't Wilt in a Bear Market Further, seven Dow Jones stocks are up more than 20% in 2019. That's largely unprecedented for the Dow, especially this early in the year. Which stocks fall into that category? And will they keep rallying as market conditions remain favorable going forward? Let's take a deeper look. United Technologies (UTX)Source: Shutterstock YTD Gain: 26.7%The top Dow Jones stock thus far in 2019 is United Technologies (NYSE:UTX), with shares of UTX up nearly 27% year-to-date.This makes sense. United Technologies is an economic stock. When times are good, the stock works. When times are bad, the stock doesn't work. That's the nature of business when you sell big ticket items in the commercial aerospace, defense and building industries. Those industries need favorable economic conditions to do well. United Technologies has benefited from favorable economic conditions in 2019 (full labor market, low rates, renewed business confidence, etc), and that is why UTX stock has rallied in such a big way.Will it continue? Sure. So long as the U.S. economy remains healthy and trade issues get resolved, then UTX stock has clear runway to head higher for the foreseeable future. I think both of those things will happen. As such, I see UTX stock staying in rally mode for the balance of the year. Microsoft (MSFT)Source: Mike Mozart Via FlickrYTD Gain: 23.4%The second best performing Dow Jones stock so far in 2019 is Microsoft (NASDAQ:MSFT). Shares of the global technology giant have risen more than 23% year-to-date.The story here is pretty simple. Microsoft is all about the cloud. As goes the company's various cloud businesses (Azure, Officer 365, Dynamics 365, so on and so forth), so goes MSFT stock. Those cloud businesses slowed in late 2018 amid deteriorating global economic conditions. But as those global economic conditions improved in early 2019, Microsoft's cloud businesses regained momentum. As they did, MSFT stock moved higher. * 3 of the Best ETFs to Buy for a Play on Gold Stocks So long as these businesses continue to gain momentum, MSFT stock will remain on a winning trajectory. For the foreseeable future, Microsoft's cloud businesses should continue to gain momentum, mostly thanks to continued fundamental improvements across the global economy. As such, MSFT stock should continue to move higher throughout the rest of the year. American Express (AXP)Source: Shutterstock YTD Gain: 23.3%The third-best performing Dow Jones stock so far in 2019 is American Express (NYSE:AXP), the payments processing giant who has seen its shares rally more than 23% year-to-date.Broadly speaking, the big rally in AXP stock has everything to do with global economic improvements. When the economy is doing well, people tend to spend more on their Amex cards. Thus, as the global economy has improved over the past several months, consumer confidence has likewise improved and investors have implied this to mean that Amex's numbers are getting better.But that may not be entirely true. Amex's January quarter earnings report was a double miss. The April quarter missed on revenues. Across the board, growth is slowing, headlined by deceleration in volume and revenue growth. Thus, while investors are pricing in improvement, that improvement hasn't shown up yet. Meanwhile, AXP stock trades at a multi-year high valuation level of 15-times forward earnings.Overall, the rally in AXP stock may have come too far, too fast in 2019. This stock looks due for weakness here and now, as slowing growth will converge on a relatively rich valuation. Disney (DIS)Source: Richard Stephenson via Flickr (Modified)YTD Gain: 22.3%The fourth-best performing Dow Jones stock of 2019 is Disney (NYSE:DIS), as Disney magic has returned to the stock en route to a 22% year-to-date rally.The big story here? Streaming. Just as Microsoft is all about the cloud, Disney's gain is all about streaming. Long story short, the company has suffered over the past several years thanks to cord-cutting and a secular pivot away from linear TV, and towards internet TV. Now, Disney is aggressively pivoting into the internet TV arena. The company has already launched and built out ESPN+. Now, they have effectively bought everyone out and completely own Hulu. Next, they are launching their own streaming service, Disney+, which will be like the Netflix (NASDAQ:NFLX) for Disney content.Investors are rallying behind this huge streaming pivot. It also helps that 2019 features a blockbuster movie line-up and some major theme park expansions and upgrades. * 5 Consumer Stocks Ready to Push Higher All in all, 2019 is set to be a record, ground-breaking, and revolutionary year for Disney. Investors are excited. All this excitement will lead to DIS stock staying in rally mode into the launch of Disney+ in late 2019. If that launch is a success -- which it should be, given Disney's content portfolio -- then DIS stock stay in rally mode for 2020, too. Visa (V)Source: Shutterstock YTD Gain: 22.1%The fifth-best performing Dow Jones stock of 2019 is another payments stock which has rebounded meaningfully alongside the rest of the economy -- Visa (NYSE:V).Unlike American Express, though, Visa's numbers are actually improving. The company has reported two double-beat quarters this year, and while volume and revenue growth slowed in early 2019, growth is expected to rebound throughout the year, and exit 2019 at a similar rate it exited 2018. Broadly, then, Visa's growth trajectory is improving in-line with the economy. Thus, so long as the economy continues to improve, Visa's growth trajectory should continue to improve, too.Meanwhile, Visa stock remains off its mid-2018 valuation highs, so the stock has room to run higher in the event the numbers do continue to improve. This combination of healthy growth and multiple expansion should keep Visa stock on a winning trajectory. The Travelers Company (TRV)Source: Nancy
FARMINGTON, Conn. , May 14, 2019 /PRNewswire/ -- A webcast of United Technologies Corp. (NYSE: UTX) Chairman & CEO Gregory Hayes speaking at the Electrical Products Group Conference is scheduled for 11:30 ...
As uncertainty over the outcome of Sino-American trade talks grows, so does the possibility of a longer-than-expected negotiations or an all-out trade war, strategists at Goldman Sachs are providing some timely trading strategies.
John Saabas Announces Retirement; Maria Della Posta Named President, Pratt & Whitney Canada
WINDSOR LOCKS, Conn., May 8, 2019 /PRNewswire/ -- Collins Aerospace Systems, a unit of United Technologies Corp. (UTX), is working with the U.S. Department of Commerce International Trade Administration to launch the space industry's first International Space Trade Summit in Hartford, May 19 - 21. The event, at the Hartford Marriott Downtown, will bring together space agencies and suppliers, large and small, from the United States, Australia, Canada, New Zealand and the United Kingdom to network and discover new ways of working together to meet the needs of the space industry. Collins Aerospace and United Technologies Corp. are co-sponsors of the event.
Stocks plunged further going into the last hour of trade as President Trump's tariff threat roiled the market, sending the Dow Jones below its 50-day line.
United Technologies Corp NYSE:UTXView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for UTX 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 UTX. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.59 billion over the last one-month into ETFs that hold UTX are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. UTX credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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.
Turkey is not distancing itself from the NATO alliance by buying Russian S-400 missile defence systems, Turkish Defence Minister Hulusi Akar said on Friday, adding that Ankara should not be excluded from the F-35 jet project over the purchases. Turkey and the United States, NATO allies, have been at odds over Ankara's move to buy the Russian S-400s, which Washington says are not compatible with NATO systems and may threaten the Lockheed Martin F-35 fighter jets, of which Turkey is a prospective buyer and partner in production.
One of the greatest obstacles to share price appreciation is mediocre management, supported by a complacent board. But activist investors offer a solution, targeting poorly managed companies and lobbying them for changes they think will sweeten the share price.Activist investors look for issues such as weak corporate governance or executive compensation schemes when hunting new stocks to buy. They often then take a significant stake in the company and push for things such as asset sales or the return of excess cash to shareholders. Companies slow to implement change may be threatened with "proxy fights" that result in corporate officers and directors being forced from their seats.These activist investors sometimes create big windfalls for shareholders. For instance, Carl Icahn pushed eBay (EBAY) to spin off its PayPal (PYPL) business in 2015; since then, PayPal has tripled in value. Activist David Einhorn pressured Apple (AAPL) in 2013, urging the iPhone maker to return excess cash to shareholders. Since fiscal 2012, Apple has returned more than $350 billion in the form of buybacks and dividends, with the vast majority of that coming since 2013.Here are 17 stocks to buy if you believe in the ideas of their activist investors. Some have just recently come under siege, others are in the middle of proxy fights, and still others have already made truces and have implemented changes to unlock value. But all of these stocks carry significant risk - after all, activist investors typically target struggling companies, and no turnaround is a slam dunk. So invest in small amounts, with funds from the portion of your portfolio dedicated to aggressive holdings. SEE ALSO: 50 Top Stocks That Billionaires Love