Boeing Outlook REMAINS Positive and 3 Dow Movers Not to Miss
Boeing Co. (NYSE:BA) is among the aerospace stocks that are keeping positive comments from Wells Fargo, subsequent to Woodward’s (WWD) disappointing third quarter guidance (40 cents versus consensus of 60 cents). The firm, which develops energy control and optimization solutions for aerospace and electrical utilities, also decreased its fiscal 2012 earnings per share outlook to a range of $1.90 to $2.20 from its previous guidance of $2.20 to $2.35, against consensus of $2.25. Wells Fargo noted to investors that Woodward’s report indicates that parts of the commercial aerospace aftermarket were weak in the previous quarter. The research firm, however, keeps its positive outlook on the following aerospace stocks: Spirit Aerosystems (NYSE:SPR), United Technologies Corp. (NYSE:UTX), LMI Aerospace (NASDAQ:LMIA), Rockwell Collins (NYSE:COL), and Esterline (NYSE:ESL), and Boeing.
Bank of America Corporation (NYSE:BAC): The New York State attorney general, along with his counterpart in Connecticut, has initiated an inquiry into possible manipulation of the Libor benchmark international lending rates by world banks, according to Reuters.
Caterpillar Inc. (NYSE:CAT) and Woodward (WWD) report that they have reached a long-term supply agreement. The ten-year contract pertains to design collaboration opportunities and also the provision of Woodward energy controls technologies, including diesel fuel injection systems, natural gas engine control system components, electronic controls, actuators, and valves, to Caterpillar.
Chevron Corp. (NYSE:CVX): The government of France might reconsider its position on shale gas as part of the planned mining code revision, according to Bloomberg, citing Les Echos. The previous French government passed a law that disallowed hydraulic fracturing of shale, although experiments that are aimed solely at scientific research are still permitted.
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