5:38am ET
Military
Ten Companies Profiting Most From War
The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a…
NOC Coverage Page 19
11:50am ET
The Impact of Spending Cuts on Defense Contractors (LMT, BA, NOC, GD, RTN)
ThinkstockIf most Americans had ever heard the term “sequester” before last fall, they probably thought it meant something like entering a monastery or convent. But in the doublespeak of the current world…
6:13am ET
Investing
Apple’s Weak Board
courtesy of Apple Inc.For a company of its size and prominence in the global business and tech world, Apple Inc. (NASDAQ: AAPL) does not have much of a board of directors, in terms…
4:06pm ET
Investing
24/7 Wall St. Closing Bell — January 30, 2013: Markets Slide on GDP, Fed Stimulus (WBSN, JBLU, KBH, YUM, CSCO, AMZN, BRCM, RYL, RHI, BA, ADT, LLL, PSX, NOC, SO, CTXS, COP, EA, FB, JDSU, LVS, AET, MO, AN, CL, DNKN, MA, PHM, TWC, UPS, RIMM, CHK, VTUS)
U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t…
8:09am ET
Military
Northrop Grumman Tops Estimates, Wary of Defense Cuts
ThinkstockNorthrop Grumman Corp. (NYSE: NOC) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the defense contractor posted diluted earnings per share (EPS) of $2.14 on revenues of…
Paul Ausick 4:06pm ET
Investing
24/7 Wall St. Closing Bell — January 29, 2013: Markets Shake Off Slow Start, Post Gains (STX, TSN, SBUX, ANF, CAT, YHOO, STX, STLD, BSX, DHI, F, BTU, PFE, VLO, AMZN, BRCM, RYL, RHI, ADT, LLL, PSX, NOC, SO, KERX, VMW, OCZ)
U.S. equity markets opened slightly lower this morning following not-much in the way of new data and a wait-and-see attitude until tomorrow’s meeting announcement from the FOMC, which began a two-day meeting…
8:16am ET
Investing
Top Analyst Upgrades and Downgrades (AMP, AZO, BHI, CELG, DDS, EMC, FRT, GNW, HAL, MYL, NOC, NYX, PNK, RTN, SNH, SBY, LUV, JBLU, MET, HIG)
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall St. research firms this Tuesday. Ameriprise Financial Inc. (NYSE: AMP) cut to Neutral at Credit Suisse. AutoZone…
3:54pm ET
Investing
Massive Insider Selling Already Happening Before Higher Capital Gains Taxes Kick In
ThinkstockInsider selling is starting to get massive before year-end when higher capital gains taxes will kick in. We continue to expect that corporate insiders, venture backers, private equity backers, and founders will…
7:53am ET
Military
Defense Firms’ Earnings Mixed (GD, NOC)
Defense contractors General Dynamics Corp. (NYSE: GD) and Northrop Grumman Corp. (NYSE: NOC) reported third quarter 2012 results before markets opened this morning. General Dynamics posted diluted earnings per share (EPS) of…
2:07pm ET
Defense Mergers Still Likely After BAE-EADS Failure (LMT, BA, NOC, RTN, GD)
The defense industry has been warning about the effects of the coming fiscal cliff for several months now. If Congress fails to come to a resolution on how the U.S. will begin…
1:12pm ET
Military
Lockheed Martin Dividend Hike, Now Yields 5%!!!
Lockheed Martin (NYSE: LMT) has just joined the dividend hike brigade. We have previously written that this would likely be the case and the hike was right in line with the upper-end…
7:58am ET
Military
U.K. Could Oppose EADS Deal with BAE
Senior members of the U.K. government have told the Sunday Telegraph that the EADS “merger” with BAE could be challenged in Parliament. The deal is already controversial because it might create a new monopoly in…
7:49am ET
Military
EADS/BAE Merger: Waves of Consolidation, Antitrust and Problems for Global Aerospace and Defense
This proposed merger between EADS and BAE is going to be more than complicated. Frankly, we also wonder about the legality of such a merger and wonder how other defense and aerospace firms…
5:51pm ET
Military
U.S. Arms Sales Top $66 Billion in 2011
In a new report from the Congressional Research Service, written by Richard F. Grimmett and Paul K. Kerr, the agency said that U.S. arms exports reached $66.3 billion, according to an account in The…
4:04pm ET
Investing
24/7 Wall St. Closing Bell — August 23, 2012: Markets Lose Ground on Weak Data (XOM, NOC, SWY, CS, WFM, HPQ, KKD, FLWS, BIG, HRL, JKS, ADSK, BEBE, CRM, SCVL, SOL, MSG, NOK, ROSG, JKS)
The three major US stock indexes opened lower this morning and spent most of the day heading lower still. Economic data was mixed at best today, with the flash PMI number lower…