bar1080
5 years ago
From what I'm seeing, quality mega caps like Raytheon have done best this past three months. Among other things, I track the S&P Cap Weighted Index (the normal S&P) versus the equal weight S&P. The normal S&P has been the place to be.
My other favorite index to watch is the NASDAQ Capital Markets Composite which tracks the NASDAQ's lowest quality tier. I use that as a very approximate surrogate for Pennyland. For the past 90 days, It's off 31% vs 19% for the S&P.
Anyone who bet on gold stocks as a hedge, especially junior miners, is certainly disappointed. I suspect that many of the tiniest ones are scammy, along the lines of Bre-X.
Bank CDs have been solid. I'm not aware of any banks that are in serious trouble... so far. Eventually I'd expect some Texas oil country banks to disappear.
bar1080
5 years ago
"Raytheon Technologies Debuts On The Dow As Rival GE Deepens Cuts"
"Raytheon Technologies (RTX), formerly known as United Technologies, debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger. United Technologies completed the separations of its Otis elevator and Carrier air-conditioning units early Friday, clearing the way for its merger with Raytheon Company. The industrial giant and Raytheon agreed to merge in June 2019 in a $100 billion all-stock deal."
"The new Raytheon Technologies stock is a formidable aerospace and defense pure play. With roughly $74 billion in net sales last year, it's overtake Boeing (BA) in aerospace/defense revenue as 737 Max planes remain grounded."
"The standalone Carrier Global (CARR) company makes its debut on the S&P 500 Friday and closed at 15.96. Otis Worldwide (OTIS), which also debuts on the S&P 500, settled at 47.11."
https://finance.yahoo.com/m/7f1f5b00-4498-3785-b90e-19ef0c68f285/raytheon-technologies-debuts.html
fung_derf
5 years ago
Upon the closing of the merger, United Technologies will be renamed Raytheon Technologies Corporation, and its common stock will trade on the NYSE under the ticker symbol "RTX." The last full day of trading in the shares of Raytheon Company is expected to be Thursday, April 2, 2020, and upon the closing of the merger on Friday, April 3, 2020, each share of Raytheon Company common stock will be converted into the right to receive 2.3348 Raytheon Technologies shares. The first day of trading for Raytheon Technologies shares is expected to be Friday, April 3, 2020.
bar1080
5 years ago
UTX: "United Tech shares up 1.9% premarket after earnings beat, company raises adjusted EPS guidance
"United Technologies Corp. shares (utx) rose 1.9% in premarket trade Tuesday, after the aerospace and industrial company beat earnings estimates for the third quarter. "Our strong performance through the first three quarters gives us confidence in the improved adjusted EPS range of $8.05 to $8.15 and free cash flow range of $5.3 to $5.7 billion for the year," Chief Executive Gregory Hayes said in a statement. "Continued strength at Collins Aerospace, including the integration of Rockwell Collins, and a lower tax rate are expected to more than offset softness we are seeing at Carrier." The company tweaked its full-year sales range, however, to $76.0 billion to $76.5 billion, compared with prior guidance of $75.5 billion to $77.0 billion. ..."
bar1080
5 years ago
UTX Q Recent Dividend History
Date Dividends
Aug 15, 2019 0.735 Dividend
May 16, 2019 0.735 Dividend
Feb 14, 2019 0.735 Dividend
Nov 15, 2018 0.735 Dividend
Aug 16, 2018 0.7 Dividend
May 17, 2018 0.7 Dividend
Feb 15, 2018 0.7 Dividend
Nov 16, 2017 0.7 Dividend
Aug 16, 2017 0.7 Dividend
May 17, 2017 0.66 Dividend
Feb 15, 2017 0.66 Dividend
Nov 16, 2016 0.66 Dividend
Aug 17, 2016 0.66 Dividend
May 18, 2016 0.66 Dividend
Feb 17, 2016 0.64 Dividend
Nov 10, 2015 0.64 Dividend
Aug 12, 2015 0.64 Dividend
May 13, 2015 0.64 Dividend
Feb 11, 2015 0.64 Dividend
Nov 12, 2014 0.59 Dividend
tw0122
6 years ago
Sounds great one things Democrats and Republicans agree on is an unlimited $21 trillion spent on defense in last 6 years. According to Jeff Stein at the Washington Post’s Wonkblog, the Senate on Monday voted in favor of a $716 billion military spending bill for the 2019 federal fiscal year. The House had already passed it last month.
This is $82 billion higher than the current budget, which itself was more than the Trump administration requested.
Who says those in the Beltway can’t pull together for a common cause?
This year, 67.5% of House Democrats and 85% of Senate Democrats voted in favor. Win some in the house, lose some in the Senate. Overall, pretty big majorities.
National defense is important, if you ask many people. The defense industry also spreads its tentacles and work across as many states and congressional districts as possible. What office holder wants to be known as a local job killer?
No worries about losing jobs here, especially for lobbyists. As Stein noted, our military spending is currently, adjusted for inflation, higher than at any time other than when the Iraq War was flushing cash as quickly as a black hole.
At a time when many want to cut more domestic spending because of a budget deliberately blown to hell with the usual reckless spending and a massive tax cut that was sold on a fable and which will increase the deficit and national debt, who needs more military spending?
The argument is that the country needs to be ready for an international crisis. What, are there plans no one has told us about yet? Some new war ready to be fought?
I mention the Democrats in particular because they claim to be concerned about domestic spending, sending more young people to war, and, amazingly, deficits. That seems to be the refrain of whoever is out of power at the moment. Not so long ago, it was Republicans who were supposed to be the deficit hawks.
The posturing has become pathetic and the implications, deeply worrisome. A sixth of discretionary federal spending goes to national defense, according to the Congressional Budget Office.
By the way, this money doesn’t include the tens of billions in addition that go into the overseas contingency operations budget, which his even more money to spend on military actions overseas. It doesn’t include the Homeland Security budget.
Not only do we love our guns on an individual level, but, god, do we worship them, the jet fighters and battleships, the nuclear weapons, and the tons of money that go unchecked and uncontrolled.
In 2016, the Pentagon tried to hide $125 billion in wasted spending that took place over a five-year period.
There’s been $21 trillion in unsupported spending between 1998 and 2015, according to some reports. Maybe it was legitimately spent, but if anything remotely like this happened in a company, auditors would be pouring over the books while prosecutors started looking for whistleblowers.
And yet, both Democrats and Republicans on the whole are happy to keep writing massive checks to the DoD, which couldn’t balance a checkbook if its sole income was a corner lemonade stand. Because no one wants to seem soft on defense when running for reelection and they don’t want to say they were behind killing jobs.
Then again, who are we kidding? The bulk of the money isn’t for normal salaries. We’re not quite sure what it’s for, other than more toys for the military, a chance to “prove” patriotism to sections of the electorate, and the usual engorgement of those who have already profited handsomely off the country’s spending.
Kmo
bar1080
6 years ago
"The deal, a so-called merger of equals, wouldn’t close before 2020, when United Technologies expects to complete the separation of the elevator and air conditioning businesses, the person said. If completed, United Technologies shareholders are expected to have a majority with about 53% of the new company, while Raytheon’s would own 47%, the person added.
United Technologies would have eight board seats and Raytheon would have seven, said the source."
https://www.cnbc.com/2019/06/08/raytheon-and-united-technologies-are-in-talks-to-merge-wsj.html
bar1080
6 years ago
"Raytheon, United Technologies in late-stage talks to merge in an all-stock deal"
The tie-up between Raytheon and United Technologies’ aerospace unit is expected to be worth more than $100 billion
The deal could be announced as early as Monday, according to a source.
The combination would consolidate the aerospace and defense sector and suppliers of companies like Boeing, Airbus and Lockheed Martin.
The new company, after Carrier and Otis are separated out, is expected to have a combined market value of more than $100 billion, the person said.
The deal, a so-called merger of equals, wouldn’t close before 2020, when United Technologies expects to complete the separation of the elevator and air conditioning businesses, the person said. "
https://www.cnbc.com/2019/06/08/raytheon-and-united-technologies-are-in-talks-to-merge-wsj.html
bar1080
6 years ago
"United Tech profit beats forecasts on aerospace jump"
"(Reuters) - United Technologies Corp (UTX.N) beat analysts' estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate's shares higher.
Like other major U.S. manufacturers, UTC, a maker of Pratt & Whitney aircraft engines, Carrier air conditioners and Otis elevators, has benefited from a boom in air travel and record global sales of commercial jets.
Revenue growth of 24 percent and 29 percent, respectively, at Pratt & Whitney and airplane parts maker Rockwell Collins, bode well for a planned split next year, whittling down the company to its core aerospace "
https://finance.yahoo.com/news/united-tech-profit-beats-higher-123257192.html
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