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Terran Orbital Can Produce 800 Satellites Annually With Increased Manufacturing Capacity: Analyst
Friday, July 28, 2023 - 3:14pm | 436H.C. Wainwright analyst Scott Buck initiated coverage on Terran Orbital Corporation (NYSE: LLAP) with a Buy rating and a price target of $5. With an existing backlog of $2.6 billion, a customer base that includes the U.S. Department of Defense, NASA, and the European Space...
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Insiders Buying Nuvectis Pharma And 2 Other Stocks
Thursday, July 20, 2023 - 6:59am | 519Although US stocks closed mostly higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock....
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Subdued Tone: Major Indexes Waver Despite Earnings Beats by Bank of America, Morgan Stanley
Tuesday, July 18, 2023 - 1:57pm | 2316(Tuesday market open) The morning kicks off with more big banks beating analysts’ earnings expectations, but major indexes were barely changed in premarket trading. Retail Sales—an important barometer of consumer health—rose less than expected in June. Both Bank of...
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What The Nasdaq-100 Will Look Like After July 24
Tuesday, July 18, 2023 - 10:50am | 2158Economists expect this morning’s retail sales data to show the strongest growth since January. If a recession is coming, somebody forgot to tell the consumer! Market Prices as of 4 pm EST, 7/17/23 Macro China represents the world’s largest market for chipmakers. In 2022, it was...
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NBCUniversal's Peacock Raises Prices First Time Since Launch, Warren Buffett Sells Majority of Activision Blizzard Stake Before Microsoft Deal Approval, Novartis Launches $15B Share Buyback: Today's Top Stories
Tuesday, July 18, 2023 - 9:46am | 1593Wall Street Journal NBCUniversal's Peacock Streaming Service Raises Subscription Price For First Time Since Debut NBCUniversal has announced that Peacock's first price increase since the streaming platform debuted in 2020 will go into effect next month. The decision to raise...
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Lockheed Martin Q2: 8% Revenue Growth, Solid Demand, Raised FY23 Guidance & More
Tuesday, July 18, 2023 - 9:07am | 480Lockheed Martin Corp (NYSE: LMT) reported second-quarter FY23 net sales growth of 8.1% year-over-year to $16.69 billion, above the consensus of $15.91 billion. Adjusted EPS of $6.73 (+6.5% Y/Y) topped the consensus of $6.45. The gross margin contracted 14 bps to 12.5%. The...
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Fear & Greed Index Remains In 'Extreme Greed' Zone After Dow Gains For Sixth Consecutive Session
Tuesday, July 18, 2023 - 2:52am | 316The CNN Money Fear and Greed index remained in the "Extreme Greed" zone on Monday. The Dow Jones recorded gains for the sixth straight session on Monday, and settled at its highest level in 2023. On the economic data front, the NY Empire State Manufacturing Index fell by 5.5 points from...
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Electric Week Ahead: Tesla Earnings Among Highlights Along With Retail Sales, But Soft China Growth In Focus
Monday, July 17, 2023 - 2:31pm | 2322(Monday market open) Earnings season spreads its wings this week with reports from several giant banks and a mega-cap company on the schedule, along with a dose of consumer-oriented retail sales and housing data. Today’s calendar is light, but things liven up the next few days as ...
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Optimists Club: Positive Feelings Build Ahead Of Tomorrow's CPI Data As Recent Inflation Signs Soften
Tuesday, July 11, 2023 - 1:31pm | 2247(Tuesday market open) An uneventful start to the week belies the excitement ahead. Inflation data and earnings season loom, with tomorrow’s Consumer Price Index (CPI) representing the opening salvo. There’s a strong likelihood that Wednesday’s eagerly awaited June...
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US Senator Warren Warns Against L3Harris' Purchase Of Aerojet: Report
Tuesday, July 11, 2023 - 12:09pm | 413Lawmakers have reportedly warned against L3Harris Technologies Inc (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) merger deal. U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers, who have urged the Defense...
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Lockheed Martin Reveals Concerns Over L3Harris-Aerojet Deal: Report
Tuesday, June 20, 2023 - 3:23pm | 359Lockheed Martin Corp (NYSE: LMT) reportedly raised concerns over L3Harris Technologies Inc's (NYSE: LHX) acquisition of Aerojet Rocketdyne Holdings Inc (NYSE: AJRD). Lockheed's chief operating officer, Frank St John, told Reuters that Lockheed, Aerojet...
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Lockheed Martin-GlobalFoundries Partner To Advance Chip Technologies For National Security
Monday, June 12, 2023 - 1:12pm | 349Lockheed Martin Corp (NYSE: LMT) and GlobalFoundries Inc. (NASDAQ: GFS) disclosed a partnership to drive manufacturing and innovation of semiconductors and boost domestic supply chains for U.S. national security systems. Both companies will build a chiplet ecosystem to...
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Lockheed Wins $751M Contract To Support Missile Program
Tuesday, May 23, 2023 - 11:12am | 589Lockheed Martin Corp.'s (NYSE: LMT) business unit, Missile and Fire Control, clinched a contract involving Joint Air-to-Surface Standoff Missile (JASSM). The award has been offered by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL. Valued at $750.6 million, the contract is...
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Luna in the Spotlight: Analyst Initiates Coverage with High Hopes for Revenue and EPS Growth
Monday, May 22, 2023 - 3:09pm | 308Needham analyst Alex Henderson initiated coverage on Luna Innovations Inc (NASDAQ: LUNA) at a Buy rating with a price target of $10. The analyst believes in LUNA's strategy of building a robust diagnostics business around fiber technologies. Henderson cites LUNA's...
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First Republic Folds Amid Banking Crisis, Elon Musk Expects Starship To Make Orbit On Next Launch, DOJ Probes Mastercard Over Anti-Competitive Debit-Card Practices: Today's Top Stories
Monday, May 1, 2023 - 9:58am | 2010Benzinga First Republic Folds As Banking Crisis Claims Third Victim: JPMorgan To Buy Deposits, Assets The First Republic Bank (NYSE: FRC) saga is winding to a close, with the Federal Deposit Insurance Corporation confirming the shuttering of the bank and the sale of its assets to...