Posts for Ticker ‘RTN’

Top Analyst Upgrades (ARRS, ASH, FCS, GME, ONNN, RTN, RVBD, VOD)

These are the top pre-market analyst upgrades or positive calls from Wall Street which we have seen early this Wednesday morning:

Arris (ARRS) Started as Overweight at Thomas Weisel.
Ashland (ASH) Raised to Overweight at JPMorgan.
Fairchild Semi (FCS) Raised to Buy at UBS.
GameStop (GME) Started as Buy at Needham.
ON Semiconductor (ONNN) Raised to Buy at UBS.
Raytheon (RTN) Started as Outperform at Morgan Keegan.
Riverbed Technology (RVBD) Started as Overweight at Thomas Weisel.
Vodafone (VOD) Raised to Buy at Goldman Sachs.

JON C. OGG

Posted on: April 1, 2009 – 6:49 am in Analyst Calls, , , , , , , ,

Top Pre-Market Analyst Upgrades (MDRX, BDX, ED, CRXL, CSX, RTN, SGR, SNN)

Money_stack_picThese are the early bird upgrades and positive analyst calls we have seen from Wall Street this Friday morning:

  • Allscripts-Misys (NASDAQ: MDRX) Raised to Outperform at William Blair.
  • Becton Dickinson (NYSE: BDX) Raised to Overweight at Morgan Stanley.
  • Consolidated Edison (NYSE: ED) Raised to Buy at Citigroup.
  • Crucell (NASDAQ: CRXL) Raised to Buy at RBS.
  • CSX (NYSE: CSX) Raised to Buy at Deutsche Bank.
  • Raytheon (NYSE: RTN) Raised to Buy at Goldman Sachs.
  • Shaw Group (NYSE: SGR) Cut to Hold at Citigroup.
  • Smith & Nephew (NYSE: SNN) Raised to Neutral at JPMorgan.

Jon C. Ogg
January 9, 2009

Posted on: January 9, 2009 – 7:23 am in Analyst Calls, , , , , , , ,

Raytheon Files To Raise Up To $3 Billion (RTN)

Raytheon_logoRaytheon Company (NYSE: RTN) has just filed an open shelf registration statement with the SEC to sell up to $3 billion in any combination of securities in the form of debt securities, common stock, preferred stock, and warrants.

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Posted on: October 23, 2008 – 10:36 am in Defense, Secondary Offering,

Top 10 Pre-Market Analyst Calls (ADBE, CRL, GEOY, NOKU, HUN, IVGN, LRCX, NVO, RTN, YHOO)

These are not all of the calls we are seeing in pre-market coverage, but these are ten of the calls impacting shares this Tuesday morning:

  • Adobe (NASDAQ: ADBE) raised to Overweight from Equal Weight at Morgan Stanley.
  • Charles River Laboratories (NYSE: CRL) downgraded to Neutral at Goldman Sachs.
  • GeoEye (NASDAQ: GEOY) started as Overweight at JPMorgan.
  • Hoku Scientific (NASDAQ: HOKU) downgraded to Neutral from Buy at Broadpoint.
  • Huntsman (NASDAQ: HUN) raised to Buy from Neutral at UBS.
  • Invitrogen (NASDAQ: IVGN) Raised to Overweight from Neutral at JPMorgan.
  • Lam Research (NASDAQ: LRCX) raised to Goldman Sachs Conviction Buy List from Sell at Goldman Sachs.
  • Novo Nordisk (NYSE: NVO) Raised to Buy from Neutral at Goldman Sachs.
  • Raytheon (NYSE: RTN) Raised to Overweight from Neutral at JPMorgan.
  • Yahoo! (NASDAQ: YHOO) Downgraded to Underweight from Market Weight at Thomas Weisel.

Elsewhere in analyst coverage, you can see the full medical & biotech calls at BioHealthInvestor.com and earlier we covered some more exclusive analyst calls in Telecom, Media & Tech as well as Credit Suisse initiating coverage on the Homebuilder sector.
Jon C. Ogg
June 24, 2008

Posted on: June 24, 2008 – 6:43 am in Analyst Calls, , , , , , , , , ,

War & Defense Earnings Galore (LMT, BA, GD, LLL, RTN, COL, CRDN)

This week is going to be the key earnings reporting week for companies tied to aerospace and defense sector stocks.  If there is one area that everyone is expecting to hold up, it is this one.  The recessionary climate has only just started and this one is supposed to be immune in the current environment.  Keep in mind that some of these companies have diversified away from being a pure war and defense sector, but these are still defense companies. 

On Tuesday we’ll get to see earnings out of Lockheed Martin Corporation (NYSE: LMT), and on Wednesday we’ll see results from Boeing Co. (NYSE: BA) and General Dynamics Corp. (NYSE: GD). Then on Thursday, we’ll see results from L-3 Communications Holdings Inc. (NYSE: LLL), Raytheon Co. (NYSE: RTN), and also from Rockwell Collins Inc. (NYSE: COL).  Ceradyne Inc. (NASDAQ: CRDN) is on the docket for Friday. 

The full previews can be seen as follows:

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Posted on: April 21, 2008 – 12:56 pm in Defense, Earnings, , , , , , ,

Cramer Goes To War (LMT, ATK, RTN)

On tonight’s MAD MONEY on CNBC, Jim Cramer said that he thinks defense and aerospace is becoming the seventh bull market.  He thinks that the recent huge contract to Saudi Arabia for military orders will be a big win.  Saudi Arabia gets $20 Billion in defense and over $30 Billion is being granted to Israel in US defense grants.  Cramer also thinks Democrats would spend a lot on defense to look strong and we spend more than anyone else by far for defense.  Cramer gave Lockheed Martin (NYSE:LMT) last week.  He’s got two more great US defense contractor plays for the sector:

The first play is Alliant Tech (NYSE:ATK) as the largest bullet manufacturer and is in big into projectiles of all sorts.  He thinks it is cheap at 1.3-times growth and he thinks numbers could come up with an upside surprise because of its share buyback plan.  This reports Thursday, so Cramer noted to only put on a half position so you don’t have the earnings exposure as bad.  Alliant was my number one defense stock for the BAIT SHOP in takeover candidates (see post here), although I haven’t updated that position in a while.

Cramer’s favorite defense play is Raytheon (NYSE:RTN) because it is the most leveraged name to defense spending, and because it is the cheapest according to his growth rate over P/E analysis.  He isn’t looking for a buyout or anything, but it won two big contracts in June that will help with visibility.  It also raised fiscal guidance and has a great balance sheet with debt retirement and share buybacks.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 31, 2007 – 5:52 pm in Cramer, Defense, , , , , , ,

Pre-Market Earnings Gappers (July 26, 2007)

(AAPL) Apple traded down initially, but shares are up 7% pre-market after earnings and maintaining 2008 iPhone sales.
(AKAM) Akamai Tech $0.30 EPS vs $0.30 estimate; shares down over 10% pre-market on guidance being in-line and after broker downgrades.
(AN) Auto Nation $0.38 EPS vs $0.42 estimate.
(APA) Apache $1.89 EPS before items vs $1.90.
(ARTG) Art Tech $0.00 EPS vs $0.01 estimate.
(BC) Brunswick $0.65 EPS vs $0.64 estimate.
(BDK) Black & Decker $1.75 EPS versus $1.73 estimate.
(BIDU) Baidu.com posted over 100% growth in earnings and revenues; $0.54 EPS equivalent versus $0.43 estimate; trading up 17% pre-market.
(BZH) Beazer Homes -$0.06 EPS versus -$0.46 estimate, although estimates are all over the place.
(CMCSA) Comcast $0.19 EPS & $7.71 Billion revenues versus $0.19/$7.71B estimates; shares trading down 3% pre-market.
(CMI) Cummins $2.13 EPS versus $1.58 estimate.
(CNX) Consolidated Energy $0.83 EPS vs $0.60 estimate; unsure if comparable.
(COL) Rockwell Collins $0.86 EPS vs $0.83 estimate.
(F) Ford $0.13 EPS versus -$0.36 estimate; unsure if comparable; shares trading up 2% pre-market.
(GT) Goodyear Tire $0.35 EPS vs $0.37 estimate.
(ICE) IntercontinentalExchange $0.85 EPS versus $0.76 estimate.
(IKN) IKON Office $0.23 EPS vs. $0.23 estimate; sees next quarter $0.22 EPS vs $0.23 estimate.
(KEI) Keithly -$0.03 EPS vs -$0.01 estimate.
(KLIC) Kulicke & Soffa $0.08 EPS versus $0.08 estimate; shares down 1% pre-market.
(LLL) L-3 Communications $1.49 EPS versus $1.43 estimates.
(MMM) 3M $1.25 EPS vs $1.18 estimate.
(ODFL) Old Dominion Freight Line $0.57 EPS versus $0.55 estimate.
(PCCC) PC Connection $0.21 EPS versus $0.19 estimate.
(PMTI) Palomar Meed $0.43 EPS vs $0.29 estimates.
(QCOM) Qualcomm $0.55 EPS vs $0.51 estimate; fiscal guidance raised to $1.95 to $1.97 versus prior $1.84 to $1.88 range; shares up 1.5% pre-market.
(QLTI) QLT Inc. $0.08 EPS vs $0.07 estimate.
(RAIL) Freightcar America $0.93 EPS vs $0.92 estimate.
(RCL) Royal Caribbean $0.60 EPS vs $0.60 estimate.
(RTN) Raytheon $0.79 EPS versus $0.68 estimate; unsure if comparable.
(TEN) Tenneco $0.87 EPS vs $0.77 estimate.
(UST) UST Inc. $0.90 EPS vs $0.85 estimate.
(UTEK) Ultratech $0.04 EPS vs -$0.04 estimate.
(WEN) Wendy’s $0.33 EPS vs $0.33 estimate.
(XOM) Exxon Mobil $1.83 EPS vs $1.96 estimate; trading down 2% pre-market.
(XMSR) XM Satellite Radio -$0.45 EPS and $277M revenues versus estimates of -$0.44/$274.75M; added about 338,000 net subscribers; shares down 1.75%.

Jon C. Ogg
July 26, 2007

Posted on: July 26, 2007 – 7:58 am in Earnings, Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , ,