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Satellite Firm Terran Orbital Aims To Go Public Via $1.58B SPAC Merger With Tailwind Two Acquisition
Friday, October 29, 2021 - 5:16am | 425Read More...Satellite maker Terran Orbital Corp aims to go public via a special purpose acquisition company (SPAC) merger with Tailwind Two Acquisition Corp (NYSE: TWNT). The transaction is worth $1.58 billion. The combined company will operate as Terran Orbital Corporation (NYSE...
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Aerospace & Defense Struggle to Launch with Lockheed and Raytheon
Wednesday, October 27, 2021 - 9:45am | 1732Read More...With no big tech stocks announcing before the open, the equity futures markets are mixed as investors consider other sectors. However, yesterday’s big tech had plenty of news that took the S&P 500 (SPX) to another record high. Let’s look at some of this morning’s...
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40 Stocks Moving In Tuesday's Mid-Day Session
Tuesday, October 26, 2021 - 11:01am | 1321Read More...Gainers Wallbox N.V. (NYSE: WBX) shares climbed 54.5% to $17.16. Uber and Wallbox N.V. disclosed a strategic partnership to simplify the transition to EVs for Bay Area ride share drivers using Uber. AEye, Inc. (NASDAQ: LIDR) climbed 38.3% to $6.18. Roth Capital recently initiated coverage of AEye...
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Lockheed Martin Shares Slip On Q3 Revenue Miss, Lowered FY21 Outlook
Tuesday, October 26, 2021 - 8:16am | 389Read More...Lockheed Martin Corp (NYSE: LMT) reported a third-quarter FY21 net sales decline of 2.8% year-over-year to $16.03 billion, missing the consensus of $17.12 billion. Aeronautics sales of $6.57 billion (-1.7% Y/Y); operating margin 10.9%, up by 30 bps, and backlog at the end of the...
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55 Biggest Movers From Friday
Monday, October 25, 2021 - 4:28am | 2136Read More...Gainers Phunware, Inc. (NASDAQ: PHUN) shares jumped 471.2% to close at $8.74 on Friday. Phunware shares jumped over 45% on Thursday, possibly in sympathy with Digital World Acquisition as traders circulated an article from May 2020 highlight a partnership between Phunware and the former Trump...
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33 Stocks Moving In Friday's Mid-Day Session
Friday, October 15, 2021 - 11:05am | 1273Read More...Gainers LM Funding America, Inc. (NASDAQ: LMFA) gained 40.4% to $4.83 after declining around 15% on Thursday. The company recently announced it purchased an additional 4,000 S19J Pro Antminer Machines for a price of $25.3 million to further expand the company's mining capabilities. Jasper...
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Taiwan Semiconductor Earnings Reflects Problems with Supply Chain
Thursday, October 14, 2021 - 9:25am | 1846Read More...Large financial companies are still monopolizing the earnings news. Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), and U.S. Bancorp (NYSE: USB) all beat earnings and revenue expectations. The...
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10 Biggest Price Target Changes For Wednesday
Wednesday, September 29, 2021 - 6:36am | 386Read More...Barclays cut Micron Technology, Inc. (NASDAQ: MU) price target from $110 to $87. Micron shares fell 3.6% to $70.45 in pre-market trading. Bernstein raised the price target on The Boeing Company (NYSE: BA) from $252 to $279. Boeing shares rose 2.6% to $224.11 in pre-market trading. Citigroup...
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Cowen Downgrades Lockheed Martin To Market Perform - Read Why
Wednesday, September 29, 2021 - 6:26am | 247Read More...Cowen analyst Cai von Rumohr downgraded Lockheed Martin Corp (NYSE: LMT) to Market Perform from Outperform and lowered the price target to $375 (implying an upside of 6.55%) from $400. The analyst feels Lockheed Martin still offers well-supported peer-hi yields...
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Lockheed Martin, Pentagon Agree On F-35 Production Rebaseline
Monday, September 27, 2021 - 11:29am | 155Read More...The F-35 Joint Program Office and the Lockheed Martin Corp (NYSE: LMT) industry team have agreed on an F-35 production rebaseline. The production rebaseline ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last...
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Goldman Sachs Upgrades Northrop Grumman, General Dynamics & Downgrades L3Harris, Lockheed Martin
Thursday, September 23, 2021 - 12:44pm | 509Read More...Goldman Sachs analyst Noah Poponak updated his ratings for several Aerospace & Defense stocks. L3Harris Technologies Inc (NYSE: LHX) downgraded to Sell from Neutral with a $207 price target, implying a downside of 7.17%. Poponak believes a deceleration in the U.S....
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Mid-Afternoon Market Update: Dow Rises 50 Points; Iterum Therapeutics Shares Slide
Monday, July 26, 2021 - 1:32pm | 804Read More...Toward the end of trading Monday, the Dow traded up 0.15% to 35,112.39 while the NASDAQ fell 0.10% to 14,822.88. The S&P also rose, gaining 0.09% to 4,415.85. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,433,820 cases with around 610,890...
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Mid-Day Market Update: Crude Oil Down 1%; Xenetic Biosciences Shares Spike Higher
Monday, July 26, 2021 - 11:10am | 812Read More...Midway through trading Monday, the Dow traded down 0.19% to 34,996.16 while the NASDAQ fell 0.07% to 14,827.27. The S&P also fell, dropping 0.08% to 4,408.04. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,433,820 cases with around 610,890...
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Mid-Morning Market Update: Markets Mostly Lower; Lockheed Martin Posts Mixed Q2 Results
Monday, July 26, 2021 - 9:23am | 765Read More...Following the market opening Monday, the Dow traded down 0.21% to 34,986.56 while the NASDAQ rose 0.06% to 14,845.70. The S&P also fell, dropping 0.09% to 4,407.92. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,433,820 cases with around...
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Lockheed Martin Clocks Mixed Q2 Earnings, Issues Better Than Expected FY21 EPS Guidance
Monday, July 26, 2021 - 8:11am | 371Read More...Lockheed Martin Corporation (NYSE: LMT) reported second-quarter net sales growth of 5% year-over-year to $17.03 billion, beating the consensus of $16.93 billion. EPS improved by 12.6% Y/Y to $6.52, narrowly missing the estimate of $6.53. Net earnings reported include a loss of $225...
