Momentum Stocks

Harris Wins $212 Mln F/A-18 Electronic Warfare System Contract

Harris Wins $212 Mln F/A-18 Electronic Warfare System Contract

Harris (HRS), a technology and defense company, said pre-market Monday that it has won a $212 million contract modification to supply electronic jammers to protect US Navy and foreign military sales F/A-18 Hornet and Super Hornet aircraft from electronic threats. The contract, which represents the largest order on the program to date, was received during the company’s fiscal Q3. Harris […]

Morgan Stanley Remains ‘Cautious Evenweight’ on Western Digital Ahead of Earnings

Morgan Stanley Remains ‘Cautious Evenweight’ on Western Digital Ahead of Earnings

Western Digital (WDC) is scheduled to report earnings after the close on Monday, and while the company is enthusiastic about a second half recovery, Morgan Stanley analysts said they are “convinced” that there is too much inventory for that to happen. “WD does have an offsetting tailwind as hard disk drive margins should recovery through the year, but still from […]

Sonic Automotive Jumps 9%; Q1 EPS Beats

Sonic Automotive Jumps 9%; Q1 EPS Beats

Sonic Automotive (SAH) shares jumped 9% intraday after the company reported early Thursday Q1 adjusted earnings of $0.39 per diluted share, up from $0.26 per share a year ago and also above the $0.23 average estimate from analysts polled by Capital IQ. Total revenue fell to $2.39 billion from $2.40 billion a year ago, and lagging the $2.42-billion consensus. Sonic’s […]

Stocks Slide in Early US Trading With Industrials Dented by 3M’s Earnings Miss

Stocks Slide in Early US Trading With Industrials Dented by 3M’s Earnings Miss

The Dow Jones Industrial Average retreated in early trading Thursday after 3M’s (MMM) earnings disappointment, while the Standard & Poor’s 500 and the Nasdaq Composite initially took mixed directions before both measures turned red. The blue-chip gauge posted a decrease of more than 200 points after 3M reported first-quarter results that came in below analysts’ expectations and the company cut […]