Jet Delays Prompt Surge In Funding Needs

/ / Industrials

Airlines and lessors will need to raise around $150B to pay for new aircraft deliveries in 2027 compared with around $90B this year, says BOC Aviation CEO Steve Townend. The surge reflects airline passenger growth as well as delays in delivering new Airbus and Boeing jets, and the shift to relatively more wide-bodies entering the fleet. The Chinese-controlled lessor’s 2024 estimate is down around 10% from industry forecasts at the start of the year, reflecting ongoing airframe and engine supply chain snarls expected to continue for several years.

Jet Delays Prompt Surge In Funding Needs Read Post »

Walmart Posts Strong 2Q Sales, Higher Profits

/ / Consumer Discretionary /

Walmart is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Walmart posted strong second-quarter sales and higher profits, and executives said they don’t see signs of fraying demand. Walmart said that its U.S. comparable sales, which measures both stores and e-commerce, rose 4.2% in the quarter, a faster pace than in the previous two quarters. Executives said shoppers are gravitating to deals as well as the convenience of online order pickup and delivery, which led to customer gains, especially among higher-income shoppers. Dow Jones & Co. owns Factiva.

Walmart Posts Strong 2Q Sales, Higher Profits Read Post »

Walmart’s Price Rollbacks Suggest Inflation Is Moderating

/ / Consumer Discretionary /

Walmart indicates that it will accelerate price rollbacks as cost inflation eases, which is a clear signal that consumer price inflation is moderating, says David Silverman, senior director of Fitch Ratings. The retail giant’s robust 2Q results amid a choppy spending climate suggests some stabilization for its customer base, although that growth likely came more from share gains, Silverman says. Walmart’s price competitiveness has allowed it to pick up market share from competitors, though its omnichannel and supply chain enhancements are helping too, Silverman says.

Walmart’s Price Rollbacks Suggest Inflation Is Moderating Read Post »

Cisco Systems Fiscal Q4 Non-GAAP EPS, Revenue Fall; Plans 7% Workforce Reduction

/ / Telecommunications /

Cisco Systems (CSCO) reported fiscal Q4 non-GAAP earnings late Wednesday of $0.87 per diluted share, down from $1.14 a year earlier. Analysts polled by Capital IQ expected $0.85. Revenue for the quarter ended July 27 was $13.64 billion, down from $15.20 billion a year earlier. Analysts surveyed by Capital IQ expected $13.54 billion. The company expects fiscal Q1 2025 non-GAAP EPS between $0.86 and $0.88 on revenue ranging from $13.65 billion to $13.85 billion. Analysts polled by Capital IQ expect $0.85 and $13.76 billion, respectively. The company expects fiscal 2025 non-GAAP EPS of $3.52 to $3.58 on revenue between $55 billion and $56.2 billion. Analysts surveyed by Capital IQ expect $3.55 and $55.68 billion. The company maintained its quarterly dividend at $0.40 per share, payable Oct. 23 to stockholders of record Oct. 2. Separately, the company outlined a restructuring plan that will likely affect roughly 7% of its global workforce,

Cisco Systems Fiscal Q4 Non-GAAP EPS, Revenue Fall; Plans 7% Workforce Reduction Read Post »

Google Near-Term Operations Not Expected to Be Disrupted by Court Ruling, Wedbush Says

/ / Technology /

Alphabet’s (GOOG, GOOGL) Google near-term operations are not expected to be disrupted by a recent court ruling that concluded that Google is a monopolist, Wedbush Securities analysts said in a note Wednesday. “The [US Department of Justice] has not formally communicated what possible remedies it may pursue, and proceedings will likely be held in the coming months to determine potential remedies,” the analysts, including Daniel Ives, said in the note. The analysts also took note of a Bloomberg report that the DOJ is considering a bid to break up Google. “We believe this would be a stretch and also Google will clearly appeal these rulings which will be in the court system for years possibly,” the analysts said. They said they continue to see a breakup of the Big Tech business models as “highly unlikely down the road.”

Google Near-Term Operations Not Expected to Be Disrupted by Court Ruling, Wedbush Says Read Post »

Boeing Delivers 43 Airplanes in July As Production Recovers

/ / Industrials /

Boeing delivered 43 airplanes in July, a second straight relatively solid month for the jet maker as it works to ramp up production amid supply-chain glitches and in the wake of January’s Alaska Airlines door-plug blowout. That total included 32 737 jets, three fewer than Boeing delivered in June but higher than earlier in the year when it was delivering between 15 and 25 narrowbodies per month. Deliveries included six 787s, four 767s and one 777 freighter. Boeing’s backlog is now 5,477, down from 5,506 at the end of June.

Boeing Delivers 43 Airplanes in July As Production Recovers Read Post »

Boeing Delivered 218 Airplanes Year-To-Date Through July, Including 166 MAX

/ / Industrials /

Boeing Delivered 218 Airplanes Year-To-Date Through July, Including 166 MAX; Reports 43 Commercial Jet Deliveries In July, Matching Last Year’s Numbers, With 31 737 MAX; 228 Gross Aircraft Orders Through July, 72 In July Alone Including 57 For 737 MAX; Net 186 Orders After Cancellations/Conversions; Six 787 Jets Delivered In July; One 737 MAX Cancellation From Aerolineas Argentinas

Boeing Delivered 218 Airplanes Year-To-Date Through July, Including 166 MAX Read Post »

Boeing Nearer To Huge Israeli Jet Order

/ / Industrials /

Israel’s planned order for up to 50 of Boeing’s revamped F-15 fighter jets and modernization of another 25 aircraft underpins plans to boost annual output to 25 as early as next year. The potential $18.8 billion deal, notified to Congress on Tuesday, would involve deliveries from 2029. That’s some 41 years after the plane was initially deployed by the U.S. Air Force, which received the first of its revamped F-15EX models in June.

Boeing Nearer To Huge Israeli Jet Order Read Post »

Buy Micron Stock, Analyst Says. It’s All About AI Server Demand.

/ / Technology /

Micron Technology is poised to become a winner from the rising demand for artificial-intelligence semiconductors, according to New Street Research. On Tuesday, analyst Pierre Ferragu reaffirmed a Buy rating on the stock and reiterated his $150 target price. He notes the memory outlook for datacenters for the second half of 2024 is “strong on all fronts with AI ramping and traditional server recovering,” and predicts Micron will keep beating expectations in the coming quarters. In early trading Tuesday, Micron stock rose 1.9% to $96.41. Ferragu estimates demand for memory in the AI server market will go up by 14 times over the next four years to $50 billion in 2027 from $3.5 billion in 2023. “Increasing HBM [high bandwidth memory] content in AI servers is a multiyear growth driver for memory,” he wrote. Micron is a leader in the markets for DRAM, which is used in desktop computers and servers,

Buy Micron Stock, Analyst Says. It’s All About AI Server Demand. Read Post »

Justice Department Mulls Google Break-Up, Other Options After Court Ruling

/ / Technology /

The US Department of Justice is considering options such as a bid to break up Alphabet (GOOG, GOOGL) unit Google after a recent court ruling found that the technology giant monopolized the online search market, Bloomberg News reported Tuesday, citing people with knowledge of the deliberations. The company could be forced to share more data with competitors, with other possible options including steps to prevent it from gaining an unfair advantage in artificial intelligence products, the unnamed sources told the news outlet. If the DOJ proceeds with a breakup plan, the Android operating system and Google’s Chrome web browser could be the most likely units for divestment, the people reportedly said. Government officials are also considering forcing a sale of AdWords, one of the sources told Bloomberg. Earlier this month, a federal judge ruled that Alphabet operated an illegal monopoly and violated US antitrust laws by spending tens of billions

Justice Department Mulls Google Break-Up, Other Options After Court Ruling Read Post »

Boeing’s Confidence in Starliner ‘Speaks Volumes,’ Says Former NASA Astronaut

/ / Industrials /

By James Rogers ‘These commercial companies cannot afford to have an accident because it could completely end their program,’ notes former astronaut Eileen Collins Boeing Co.’s confidence in the ability of its Starliner space capsule to bring NASA astronauts Butch Wilmore and Suni Williams back home to earth “speaks volumes” amid the uncertainty swirling around the troubled mission, according to former Space Shuttle commander Eileen Collins. There was a major twist in the Starliner saga last week when NASA discussed the possibility of bringing astronauts Wilmore and Williams back to Earth on a SpaceX Crew Dragon spacecraft. But in a statement released after NASA’s Aug. 7 press conference, Boeing (BA) said that Starliner could still bring Wilmore and Williams safely home. “Crew Flight Test is currently a crewed mission, and we still believe in Starliner’s capability and its flight rationale,” the company said. “If NASA decides to change the mission,

Boeing’s Confidence in Starliner ‘Speaks Volumes,’ Says Former NASA Astronaut Read Post »

Apple to See Higher iPhone 16 Shipments on AI-Driven Upgrade Cycle, Wedbush Says

/ / Technology /

Apple (AAPL) is expected to ship more iPhone 16 units than Wall Street originally estimated, with potentially more customers looking to upgrade due to the company’s artificial intelligence features, according to Wedbush Securities. The brokerage anticipates initial shipments of the upcoming model of the technology giant’s flagship product to be closer to over 90 million units, compared with the market’s forecast of 80 million to 84 million units, it said in a Sunday client note. Wedbush estimates that roughly 300 million iPhones worldwide have not been upgraded in over four years. “With anticipation from the Street and broader tech industry building for Apple’s iPhone 16 AI driven launch in September, our recent Asia checks this week are giving us more confidence this upgrade cycle will kick off a long awaited renaissance of growth for Cupertino over the next year,” analysts led by Daniel Ives wrote in the note. Wedbush maintained

Apple to See Higher iPhone 16 Shipments on AI-Driven Upgrade Cycle, Wedbush Says Read Post »

Scroll to Top