GE Aerospace Revenue Surges on New Orders, Beating Estimates

/ / Industrials /

GE Aerospace posted a surge in quarterly revenue that blew past Wall Street’s estimates as the jet-engine maker received an influx of orders to end the year. The Cincinnati company Thursday reported fourth-quarter net earnings of about $1.9 billion, or $1.76 a share, for the three months ended Dec. 31, compared with $1.59 billion, or $1.46 a share, a year earlier. Stripping out certain one-time items, earnings came in at $1.32 a share. Analysts polled by FactSet expected $1.04 a share. Revenue rose to $10.81 billion from $9.46 billion, ahead of the average analyst forecast for $9.49 billion. Shares of GE Aerospace rose 6.8% to $201.11 in premarket trading. Revenue grew 19% to $7.65 billion year-over-year in its commercial engines-and-services segment. The defense-and-propulsion-technologies segment rose 4% to $2.52 billion. Chief Executive H. Lawrence Culp, Jr. said the company ended 2024 on a high note amid robust demand for its services […]

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Meta Platforms’ WhatsApp Wins Reprieve in India as Tribunal Suspends Fine, Data Sharing Ban

/ / Technology /

Meta Platforms’ (META) WhatsApp messaging service won a reprieve in India on Thursday when the country’s National Company Law Appellate Tribunal suspended a fine and data sharing ban that was imposed on the platform by the Competition Commission of India. The antitrust regulator, in November, imposed a fine of 2.13 billion Indian rupees ($25 million) on Meta and banned WhatsApp from sharing data within the Meta group, concluding that WhatsApp “abused its dominance” and unfairly compelled users to agree to certain privacy policy changes. According to the regulator, the policy changes enabled comprehensive data collection and sharing within the Meta group. Meta has challenged the ruling, and the National Company Law Appellate Tribunal has suspended the fine and data sharing ban while it considers the social media company’s appeal, with the next hearing scheduled for March 17.

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Palantir could be the next Oracle or Salesforce over coming years, says Wedbush

/ / Technology /

Wedbush shared positive views about Palantir Technologies’ (NASDAQ:PLTR) future while raising the price target on the shares of the company to $90 from $75 and maintaining its Outperform rating. Analyst Dan Ives said their recent checks and growing confidence in the company’s AI strategy is key to the bull thesis for 2025 on Palantir — which provides software platforms for the intelligence community. “We believe Palantir has a path to become the next Oracle (ORCL) or Salesforce (CRM) over the coming years,” said Ives in a post on X, formerly Twitter. Ives and his team added that while Palantir’s valuation is expensive today, they see the company as a core winner in the trillions of AI spend over the next few years. The analysts noted that Palantir remains one of their top names to own in 2025 as its game-changing AIP — the company’s artificial intelligence platform — strategy is quickly becoming a

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S&P 500 Futures Fall In Premarket Trading; Electronic Arts, AST SpaceMobile Lag

/ / Consumer Discretionary /

With U.S. stock markets set to open in two hours, Ingram Micro Holding Corp. (INGM) was up 13.4% in pre-market trading, and Reynolds Consumer Products Inc. (REYN) was up 8.5%. Knight-Swift Transportation Holdings Inc. Cl A (KNX), Fortune Brands Innovations Inc. (FBIN), and GE Aerospace (GE) were all posting gains of at least 6%. In early trading, Electronic Arts Inc. (EA) and AST SpaceMobile Inc. (ASTS) had posted declines, falling 15.9% and 15.8%, respectively. Meanwhile S&P 500 futures were down 0.20%, with futures for the Dow Jones Industrial Average rising 0.05%. The Cboe Volatility Index futures were up 1.88%. In commodities news, Brent crude oil futures were up 0.42%, while gold futures were down 0.62%. Bitcoin was down 2.52% to $101,644. The 10-Year Treasury yield climbed to 4.646%. In the previous regular trading session, the S&P 500 and the Dow were up 0.61% and 0.30%, respectively. Stocks in Asia were

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American Airlines Posts Record Revenue, Beats Earnings Estimates. Why the Stock Is Tumbling

/ / Consumer Discretionary /

American Airlines stock tumbled early Thursday and looked set to wipe out all of its 2025 gains. At first glance, the carrier’s earnings were good — revenue came in at a fourth-quarter record of $13.7 billion, securing record annual revenue of $54.2 billion. Earnings of 84 cents per share in the quarter also beat analysts’ estimates of 66 cents, according to FactSet. But a strong recent rally for airline stocks means investors are in no mood to tolerate any disappointments. American’s first-quarter guidance looks like a misstep the market isn’t prepared to forgive. The carrier expects an adjusted loss of between 40 cents and 20 cents per share, steeper than the 4 cents per share loss estimated by Wall Street. It cited current demand trends and fuel price forecasts. The global average jet fuel price has jumped 12% in the past month, according to the International Air Transport Association. Still,

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GE Aerospace Q4 Earnings: EPS Beat, Dividend And Stock Buyback Hike, Strong FY25 Outlook And More

/ / Industrials /

GE Aerospace (NYSE:GE) shares are trading higher premarket on Thursday after it reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion. Commercial Engines & Services revenue was $7.650 billion (+19% Y/Y) and Defense & Propulsion Technologies revenue totaled $2.523 billion (+4% Y/Y). Total orders increased 46% Y/Y to $15.5 billion, with Commercial Engines & Services +50% Y/Y and Defense & Propulsion Technologies +22% Y/Y. GE Aerospace’s adjusted operating profit margin expanded 450 bps to 20.1%, with an adjusted operating profit of $1.988 billion, up 49% in the quarter. Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04. GE Aerospace’s cash from operating activities for the fiscal year stood at $5.8 billion (+26%), while adjusted free cash flow rose 28%. The company repurchased shares worth more than $6 billion in 2024. Also, it

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GE Aerospace Expects To Deliver ‘Solid’ Revenue Growth In 2025

/ / Industrials /

GE Aerospace sees recent momentum continuing in 2025. CEO Larry Culp says on an earnings call that he aims to deliver “solid low double-digit revenue growth, including growth in Commercial Engines & Services and Defense & Propulsion Technologies.” GE Aerospace expects profit to range between $7.8 billion and $8.2 billion. “This, combined with a lower share count, will translate to EPS in the range of $5.10 to $5.45 and up 15% at the midpoint,” Culp says according to a transcript provided by FactSet. GE Aerospace climbs 8% premarket.

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Apple to Engage With UK Regulator Amid Antitrust Probe Into Mobile Ecosystems

/ / Technology /

Apple (APC.F) said it intends to continue engaging with the UK Competition and Markets Authority as the regulator launched a strategic market status investigation into the company’s mobile ecosystems amid competition concerns. In an e-mail response sent to MT Newswires on Thursday, the iPhone maker said it supports the British iOS developer community by providing tools, technologies, and services, as well as app development training and upgrade support services, among others. It noted that it does not charge commissions for 85% of the applications in its store. The watchdog, in an earlier same-day release, said it was investigating Apple and Alphabet (ABEA.F, ABEC.F) unit Google’s mobile operating systems, app stores, and browsers to evaluate the extent of competition between the companies; to assess if they are using their market position to favor their own products; and to study potential exploitative behavior.

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Tesla Just Raised Prices in One Key Market. What It Means for the Stock.

/ / Consumer Discretionary /

Tesla stock was trying to avoid a third consecutive day of declines as investors weighed what big price increases for Tesla’s most popular cars in Canada mean for overall EV pricing and demand in 2025. Shares of the electric vehicle maker were up 0.2% at $414.31 while S&P 500 futures were off 0.1% and Dow Jones Industrial Average futures were up 0.1%. That Tesla stock is wavering is probably not a surprise. Tesla’s Canadian website says that Model 3 prices will increase up to $9,000 on Feb. 1. A Model 3 in Canada starts at about $56,000. The high-end version of the 3 starts at $71,000 so a $9,000 hike is equivalent to a roughly 13% increase. Model Y prices could go up $4,000 on Feb. 1. A Model Y starts at bout $61,000 in Canada. The high-end version of the Y starts at about $70,000 so a $4,000 hike

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Why the Stock Market Loves the Latest Raft of Earnings

/ / Financials /

It’s shaping up to be a strong earnings season — a sign that 2025 could be another robust year for stocks. While S&P 500 companies are still in the early stages of reporting December quarter earnings, the numbers look especially promising. A string of strong reports from Netflix, JPMorgan Chase, and Procter & Gamble has sparked investors’ enthusiasm. On Wednesday, the S&P 500 climbed 0.7%, extending the index’s 2025 gains to 3.6% while hovering close to its all-time high of 6090. Overall, about 80% S&P 500 companies had beaten Wall Street earnings forecasts through the end of last week, noted market researcher DataTrek. That’s good — if not quite as good as it sounds. Looking back over the past decade, about 75% of companies manage to report a so-called earnings “beat” in a typical quarter. There’s a longstanding gentlemen’s agreement between corporate America and Wall Street that analysts set the

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Apple Expected to Face iPhone Weakness, FX Headwinds in March Quarter, Morgan Stanley Says

/ / Technology /

Apple’s (AAPL) fiscal Q1 earnings results are poised to be in-line with consensus but revenue for the March quarter will be affected by muted iPhone demand and foreign exchange headwinds, Morgan Stanley said in a note Thursday. The firm said it will closely watch iPhone demand, especially in China, and any changes in pricing strategies or potential discounts to drive sales. Morgan Stanley said it is cautious about near-term stock movements but expects upcoming catalysts like the iPhone SE 4 launch, iOS 18.4 release, and potential cloud or AI partnerships in China to drive growth. Despite a low spend per user in 2024, there is a large base of eligible iPhone upgraders and Apple holds potential for long-term monetization through accelerated replacement cycles, targeted services monetization, and new product launches, the firm added. Morgan Stanley has an overweight rating on Apple’s stock with a price target of $273.

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Home Depot ‘Likely To Outcomp’ Lowe’s In Q4, Analyst Says As Home Improvement Battle Heads Toward Earnings

/ / Consumer Discretionary /

Home Depot Inc (NYSE:HD) has an edge over Lowe’s Companies Inc (NYSE:LOW) ahead of fourth-quarter earnings, according to JPMorgan’s Christopher Horvers. “We believe HD is likely to outcomp LOW in 4Q,” he says, citing stabilizing consumer trends, cutting-edge technology, and its acquisition of SRS Distribution. Horvers also mentions that the “COVID share of wallet pullforward is behind us.” Consumers have adjusted to the higher rates and are accepting the new housing market dynamics. Read Also: Uber Eats Partners With Home Depot For On-Demand Deliveries Existing home sales turnover should stabilize at 3-4%. That sets a solid foundation for industry growth. Analysts expect same-store sales growth for 2025 to be moderate for both Home Depot and Lowe’s, with challenges from larger-ticket items easing up, Horvers adds. AI And Automation Take The Lead Home Depot is focusing on technology to enhance its operational efficiency. Horvers notes, “HD continues to lead in terms of adopting technology to

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