FlexShares ESG & Climate US Large Cap Core Index Fund (ARCA: FEUS)

FlexShares ESG & Climate US Large Cap Core Index Fund (ARCA:FEUS), Trade Ideas

FlexShares ESG & Climate US Large Cap Core Index Fund

News

Guidance

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus Says A220 Ramp-up Continues Towards A Monthly Production Rate Of 14 Aircraft In 2026; A320 Company Is Making Progress Towards Rate Of 75 Aircraft Per Month In 2026; Continues To Target Rate 4 For A330 In 2024; As Basis For Its 2024 Guidance, Assumes No Additional Disruptions To World Economy, Air Traffic, Supply Chain, Company's Internal Operations, And Its Ability To Deliver Products And Services

RBC Capital analyst Deane Dray maintains Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) with a Sector Perform and lowers the price target from $93 to $83.

Price Target

Analyst Ratings

RBC Capital Maintains Sector Perform on Fortive, Lowers Price Target to $83

Raymond James analyst Brian Vaccaro reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and raises the price target from $3300 to $3340.

Reiteration

Raymond James Reiterates Outperform on Chipotle Mexican Grill, Raises Price Target to $3340

RBC Capital analyst Joseph Spak maintains Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) with a Sector Perform and raises the price target from $12 to $13.

RBC Capital Maintains Sector Perform on Ford Motor, Raises Price Target to $13

Airbus Says 2024 Guidance Unchanged; Gross Commercial Aircraft Orders Totaled 170 With Same Number Of Net Orders Due To No Cancellations; Order Backlog Amounted To 8,626 Commercial Aircraft At End Of March 2024; Decision To Increase Production Rate For A350 To 12 Aircraft A Month In 2028

Scotiabank analyst Himanshu Gupta maintains FLAGSHIP CMNTYS REAL ESTATE INVT TR (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MHC#TSX">MHC</a>) with a Sector Outperform and lowers the price target from C$21.5 to C$20.

TSX:MHC

Scotiabank Maintains Sector Outperform on FLAGSHIP CMNTYS REAL ESTATE INVT TR, Lowers Price Target to C$20

Earnings

Airbus Q1 Q1 EPS €0.76; Revenue €12.83 Billion Vs €12.87 Billion Est.

WIIM

AZZ shares are trading lower after the company announced a proposed public offering of 4 million shares of common stock.

RBC Capital analyst Mark Dwelle maintains Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) with a Outperform and lowers the price target from $295 to $285.

RBC Capital Maintains Outperform on Chubb, Lowers Price Target to $285

CNMD

CONMED shares are trading lower after the company reported Q1 financial results. Needham, Piper Sandler and Wells Fargo lowered their respective price targets on the stock.

Raymond James analyst Jayson Bedford maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Strong Buy and raises the price target from $73 to $85.

Raymond James Maintains Strong Buy on Boston Scientific, Raises Price Target to $85

RBC Capital analyst Shagun Singh maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Outperform and raises the price target from $78 to $82.

RBC Capital Maintains Outperform on Boston Scientific, Raises Price Target to $82

Whirlpool shares are trading lower after the company reported Q1 financial results. The company announced that it is currently evaluating certain follow-on restructuring actions for the remainder of 2024 and expects to incur about $50 million of restructuring charges.

RBC Capital analyst Jon Arfstrom maintains BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) with a Sector Perform and raises the price target from $94 to $98.

BOKF

RBC Capital Maintains Sector Perform on BOK Financial, Raises Price Target to $98

Raymond James analyst Michael Rose reiterates BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) with a Outperform and raises the price target from $103 to $105.

Raymond James Reiterates Outperform on BOK Financial, Raises Price Target to $105

Honeywell International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) reported first-quarter <a href="https://www.benzinga.com/pressreleases/24/04/n38424276/honeywell-delivers-strong-first-quarter-results-and-beats-earnings-guidance" target="_blank" rel="noreferrer noopener">fiscal 2024 sales of $9.105 billion</a>.
That&#8217;s up 3% year-over-year on a reported basis and and increase of 3% on an organic basis, beating the consensus of $9.03 billion.
The sales increase was attributed to solid growth in Aerospace Technologies and Energy and Sustainability Solutions.
Adjusted EPS was $2.25 (+9% Y/Y), beating the consensus of $2.17.
Sales by Segments: 
<ul>
<li>Aerospace Technologies$3.67 billion (+18% Y/Y)</li>
<li>Industrial Automation $2.48 billion (-12% Y/Y)</li>
<li>Building Automation $1.43 billion (-4% Y/Y)</li>
<li>And Energy and Sustainability Solutions $1.53 billion (+4% Y/Y).</li>
</ul>
Related: <a href="https://www.benzinga.com/news/earnings/24/04/38423090/honeywell-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-street" target="_blank" rel="noreferrer noopener">Honeywell Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Operating margin expanded by 130 bps to 20.4%. Segment margin expanded by 20 bps to 22.2%, driven by expansion in Aerospace Technologies.
Net cash provided by operating activities for the quarter was $448 million compared to cash used of $million a year ago. Free cash flow was $215 million versus cash outflow of $977 million YoY. (+22% Y/Y).
As long-cycle customer demand remained strong, Honeywell&#8217;s robust backlog increased 6% year over year. It was up sequentially, ending the quarter at a record level of $32 billion, Honeywell CEO Vimal Kapur said. 
&#8220;We also experienced pockets of recovery in short cycle, and expect broader participation as the year unfolds and channels normalize further,&#8221; Kapur said.
Honeywell held cash and equivalents of about $11.756 billion as of March 31, 2023. The company deployed $1.6 billion of capital to share repurchases, dividends, and capital expenditures.
During the quarter, Honeywell announced <a href="https://www.benzinga.com/markets/equities/24/03/37952822/honeywell-takes-flight-in-autonomous-future-with-civitanavi-acquisition" target="_blank" rel="noreferrer noopener">its intention to acquire Civitanavi Systems</a>. The deal would further strengthen its navigation offerings in Aerospace and expand its footprint in Europe.
Q2 Outlook: Honeywell expects sales of $9.2 billion-$9.5 billion versus the consensus of $9.38 billion, Adjusted EPS of $2.25 &#8211; $2.35 versus the consensus of $2.35, and segment margin of 22% &#8211; 22.4%.
2024 Outlook:&nbsp;Honeywell expects sales of $38.1 billion-$38.9 billion versus the consensus of $38.84 billion, with organic sales growth from 4% to 6%.
Honeywell expects Segment margin in the range of 23% to 23.3%, with segment margin expansion of 30 to 60 basis points.
Honeywell sees an adjusted EPS of $9.80-$10.10 versus a consensus of $9.95; anticipates operating cash flow of $6.7 billion-$7.1 billion and free cash flow of $5.6 billion-$6 billion.
Price Action: Honeywell shares are trading higher by 1.13% at $197 premarket at the last check Thursday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation &#8211; &#8216;The Worst Possible Outcome For The Fed&#8217;</a>
Image: Shutterstock

Honeywell Aerospace Advances Drive Solid Q1 Results, Exceed Expectations

Plug Power, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Thursday</a>.
In a press release, the company said it has inked two additional contracts to deliver Basic Engineering and Design Packages (BEDP)<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38426123/plug-signs-additional-bedp-contracts-for-a-total-of-4-5gw-of-electrolyzers-across-europe-and-the-u" rel="noreferrer noopener">&nbsp;for projects in Europe and the U.S.</a>
The orders have a combined capacity of up to 350 megawatts of electrolyzers. To date, Plug Power has already delivered 25 electrolyzer systems to third-party customers.&nbsp;
&#8220;Electrolyzer sales present a substantial business opportunity for us,&#8221; said Plug Power&#8217;s General Manager of Energy Solutions and Chief Strategy Officer Sanjay Shrestha.
Throughout&nbsp;2024, the company plans to deliver 40 electrolyzer&nbsp;systems for a cumulated total of 189 megawatts.
Plug Power is delivering and installing electrolyzers in Europe, the&nbsp;Middle East, the U.S., India, New Zealand, Korea, Japan, Australia, and Africa.&nbsp;&nbsp;
The latest deals boost Plug Power&#8217;s overall BEDP portfolio, bringing&nbsp;the total amount of&nbsp;global BEDP contracts to 4.5 gigawatts.
Earlier this year, Plug finalized a 500 megawatts&nbsp;contract in Europe. With the addition of this 350 megawatts&nbsp;contract, the company has&nbsp;now&nbsp;closed 850 megawatts&nbsp;of BEDP contracts in just four months.
Price Action: PLUG shares are trading lower by 3.9% to $2.3150 at the last check Thursday.
Photo via Shutterstock

Equities

Markets

Movers

General

PLUG

Plug Power Down 4% Thursday - What's Going On?

ASE Technology Holding Co, Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASX#NYSE">ASX</a>) reported a fiscal first-quarter 2024 net revenue growth of 1.5% year-on-year to NT$132.80 billion ($4.24 billion), missing the <a href="https://www.benzinga.com/pressreleases/24/04/n38422762/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-first-q" target="_blank" rel="noreferrer noopener">consensus of $4.41 billion</a>. The revenue declined by 17.3% quarter-on-quarter.
Net revenues for ATM (assembly, testing, and material) business was NT$73.91 billion, up by 0.8% Y/Y and down by 9.9% Q/Q.&nbsp;
EMS (electronic manufacturing services) net revenues were NT$59.37 billion, up by 2.8% Y/Y and down by 25.0% Q/Q.
Gross margin increased by 94 bps Y/Y to 15.7%. The operating margin declined by 21 bps Y/Y to 5.7%.
Diluted EPS was NT$1.28 (or $0.084 per ADS) vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus $0.100</a>.
Capital expenditures totaled $228 million.
ASE Technology Holding stock gained over 44% in the last 12 months. Investors can gain exposure to the stock via&nbsp;IShares Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and&nbsp;First Trust NASDAQ Technology Dividend Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action: ASX shares are down 2.2% at $10.13 at the time of publication Thursday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: &#8216;The Worst Possible Outcome For The Fed&#8217;</a>
Image generated using artificial intelligence via Midjourney.

Topics

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TDIV

ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results

Scotiabank analyst Konark Gupta maintains Canadian Pacific Kansas (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CP#TSX">CP</a>) with a Sector Perform and lowers the price target from C$126 to C$124.

TSX:CP

Scotiabank Maintains Sector Perform on Canadian Pacific Kansas, Lowers Price Target to C$124

Stephens &amp; Co. analyst Justin Long maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Overweight and raises the price target from $165 to $180.