Posts for Ticker ‘TIE’

Boeing Suppliers Not Chasing Boeing News (BA, SPR, BEAV, HON, COL, LMIA, TIE, PCP, GE, ETN, PH, BW)

Boeing 787 ImageThis morning’s news out of Being Co. (NYSE: BA) about the 787 Dreamliner setting a maiden flight date before the end of this year and scheduling preliminary deliveries into Q4-2010 is really getting the love put back into Boeing shares.  In mid-morning trading the stock is actually up over 7% or $3.50 at $51.32 and it has already seen its average daily volume surpassed.  But where this gets interesting is that so many of the key Boeing suppliers for the 787 Dreamliner are trading down.  Precision Castparts (NYSE:PCP) and Spirit Aerosystems (NYSE:SPR) are both up significantly with the news and Rockwell Collins (NYSE:COL) is up, but the rest of the lot is either up marginally or is trading lower with the overall market.

Posted on: August 27, 2009 – 11:15 am in Aerospace, Trading Alert, Transports, , , , , , , , , , , ,

Stocks Which Doubled Market Performance (ATI, CMCSA, COH, FMCN, HPC, IPG, MICC, NEM, SNI, TIE, VMED)

Money_stack_picAs you will see today’s gains of 10% and more on both the DJIA and the S&P 500 Index, we wanted to explore which stocks greatly outperformed the markets today.  We’d note that it is rather odd to see that technology stocks measured by the NASDAQ were actually lagging the overall market today.

DJIA              9,065.12 (+889.35; +10.88%)
S&P500        940.51 (+91.59; +10.79%)
NASDAQ       1,649.47 (+143.57; +9.53%)

Below is a list of the stocks which outperformed by roughly double over the major index gains of the DJIA, S&P 500, and NASDAQ 100.  These stocks posted gains of 20% or more on the day, and we’d note that this list would actually be much larger if we included the financial stocks and REIT Stocks which we backed out for obvious reasons:

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Posted on: October 28, 2008 – 4:22 pm in HI/LOW, Index, , , , , , , , , , ,

The 52-Week Low Club (NR)(KBR)(MTW)(TIE)(CHIC)(SIRI)(CIEN)

Sad_clown_2Western Refining (WNR) Snag at one of the company’s units and falling oil prices gang up. Drops to $6.47 from 52-week high of $58.95.

KBR (KBR) Rough earnings numbers. Down to $22.94 from 52-week high of $45.24.

The Manitowoc Company (MTW) Sells a unit and that could hurt earnings. Sell off to $23 from 52-week high of $51.49.

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Posted on: August 4, 2008 – 2:52 pm in HI/LOW, , , , , , ,

The 52-Week Low Club 7/24/2008 (CDNS)(SVU)(MU)(TIE)(CMG)(WFR)

Sad_clownMEMC Electronic Materials (WFR) Results miss Wall St. forecasts. Falls to $41.58 from 52-week high of $96.08.

Chipotle Mexican Grill (CMG) Analyst downgrades. Shares off to $67.26 from 52-week high of $155.49.

Titanium Metals (TIE) Airplane customers cutting metal orders.Drops to$10.27 from 52-week high of$36.50.

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Posted on: July 24, 2008 – 2:56 pm in HI/LOW, , , , , ,

Suppliers Feel More Boeing 787 Delays (BA, SPR, BEAV, HON, COL, LMIA, TIE, PCP)

The Wall Street Journal has announced that there may be (actually it says "near announcing") some new delays out of Boeing (NYSE: BA) on its 787 Dreamiliner.  We first noted that the Boeing suppliers were likely to be under pressure back on OCTOBER 10, 2007 on word of the first real delays in the Dreamliner.

Here is a snapshot of some of the many suppliers for Boeing, with some price comparisons:

  • Spirit Aerosystems (NYSE:SPR) is the ex-Boeing unit, which makes fuselage parts: stock price on October 10 after the first Boeing delay: $36.50.  Share price today: $26.12 (-7%).
  • BE Aerospace (NASDAQ:BEAV) has cabin and seating contracts with Boeing; Stock price on October 10 after the first Boeing delay: $43.30. Share price today: $40.10 (-3%).
  • Honeywell (NYSE:HON) has the cockpit award; Stock price on October 10 after the first Boeing delay: $60.00.  Share price today: $56.69 (-1.9%).
  • Rockwell Collins (NYSE:COL) has information management pacts with Boeing; Stock price on October 10 after the first Boeing delay: $73.35.  Share price today: $65.10 (-2.4%).
  • LMI Aerospace (NASDAQ:LMIA) has Boeing as principal customer for structural components, assemblies, and kits; Stock price on October 10 after the first Boeing delay: $27.65.  Share price today: $22.97 (-1%).
  • Titanium Metals (NYSE:TIE) has long-term Boeing titanium/metals supply pacts; Stock price on October 10 after the first Boeing delay: $33.29.  Share price today: $23.45 (-4.7%).
  • Precision Castparts (NYSE:PCP) manufactures aerospace structural castings, aerospace airfoil castings, industrial gas turbine castings; Stock price on October 10 after the first Boeing delay: $146.75.  Share price today: $118.64 (-4.7%).

Shares of Boeing had been down in a weak market today, but shares rolled over on this announcement and are now down almost 3% to $79.27.  Its 52-week trading range is $77.81 to $107.83, and it closed at $98.33 back on October 10, 2007 when the first real delay came about.  The bulls look like they are going to have to hope the company refutes that delays will be anything significant.  Imagine if things get bad enough that some airlines start actually canceling or trimming orders.

Jon C. Ogg
January 15, 2008

Posted on: January 15, 2008 – 3:05 pm in Airlines, , , , , , , ,

Allegheny Warning Melts Metal (ATI, X, TIE)

Allegheny Technologies Incorporated (NYSE:ATI) said today that it expects full-year 2007 earnings per share to be in the range of $7.00 to $7.25 per diluted share in anticipation of lower second half 2007 earnings than previously expected. ATI expects third quarter 2007 earnings to be in the range of $1.85 to $1.88 per diluted share and further impacts in the fourth quarter.  As far as how this compares to estimates: Annual estimates are $7.95; Q3 is $1.96; and Q4 is $2.05.

Here are the two biggies, neither of which are overly comforting for serious metals bulls: Softness in demand for standard stainless sheet is continuing because of higher inventories at certain mills and depots and volatile raw material costs. In addition, a significant reduction in raw material surcharges and indexes is expected from the rapid decline in the cost of nickel, nickel-bearing scrap, and titanium scrap.

Allegheny says it sees continuing growth in demand for our high-value products from the global aerospace and defense, chemical process industry, oil and gas, and electrical energy markets. Shipments under long-term agreements in these markets should continue to grow over the next several years. There is at least one refreshing part: "We do not anticipate a significant impact from the recently announced delay in the Boeing 787 Dreamliner schedule."  Allegheny also says the softness in demand for standard stainless sheet appears to be bottoming out and inventory levels at distributors are low by historic measures. Demand for these products should begin to improve in early 2008 once the high inventories at stainless mills and depots are reduced.

Shares of Allegheny closed down 4% at $106.65 in regular trading today, but shares are down another 9% at $97.00 in after hours trading.  As ATI is roughly an $11 Billion market cap, this is spelling trouble elsewhere: United States Steel Corp. (NYSE:X) fell 1.3% today but shares are down 3% at $103.50 in after-hours; Titanium Metals Corp. (NYSE:TIE) fell 1.3% today but are down another 3.3% at $31.98 in after-hours.

Jon C. Ogg
October 11, 2007

Posted on: October 11, 2007 – 4:56 pm in Earnings Warning, Metals, , ,

Boeing Design Partners Getting Whacked (SPR, BEAV, HON, COL, LMIA, TIE, PCP)

Shares of Boeing (NYSE:BA) are getting hit hard after the jet-maker and aerospace giant finally came clean about the delay of the Dreamliners.  The DJIA component is down 3% on the day and it has pulled the price-weighted DJIA down a bit more with it.  We have covered this wondering about the first flight delays having a cascading effect, but if you look at Boeing’s aerospace partners on the Dreamliner you will see that they are all being hit (and some even harder than Boeing):

  • Spirit Aerosystems (NYSE:SPR) is the ex-Boeing unit, which makes fuselage parts, shares down 4.8% to $36.50.
  • BE Aerospace (NASDAQ:BEAV) has cabin and seating contracts with Boeing, shares down almost 4% at $43.30.
  • Honeywell (NYSE:HON) has the cockpit award, shares down 2% at $60.00.
  • Rockwell Collins (NYSE:COL) has information management pacts with Boeing, shares down 3.3% at $73.35.
  • LMI Aerospace (NASDAQ:LMIA) has Boeing as principal customer for structural components, assemblies, and kits, shares down 3.5% at $27.65.
  • Titanium Metals (NYSE:TIE) has long-term Boeing titanium/metals supply pacts; shares down 1.7% at $33.29.
  • Precision Castparts (NYSE:PCP) manufactures aerospace structural castings, aerospace airfoil castings, industrial gas turbine castings, shares down 3.4% at $146.75.

There are other stocks that will be affected and impacted by this, but now the game is to figure out which of these companies will have to preannounce that the Dreamliner delay will hurt their earnings for one to two quarters out.

Jon C. Ogg
October 10, 2007

Jon Ogg produces the Special Situation Investing Newsletter and does not own securities in the companies he covers.

Posted on: October 10, 2007 – 12:13 pm in Aerospace, , , , , , ,