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Industrial
Delta Air Lines (NYSE: DAL) swings to profit in second quarter
July 15, 2021 02:54 AM AEST| By Kiran MuraliDelta Air Lines (NYSE: DAL) on July 14 posted a net income in its second quarter after reporting a loss in the last five consecutive quarters. The company had been reporting loss since the first quarter of 2020 as the coronavirus pandemic impacted.....
Why Boeing Company stock (NYSE: BA) fell over 4% Tuesday?
July 14, 2021 09:27 AM AEST| By Team Kalkine MediaSummary The company plans to cut production of Boeing 787 Dreamliners to fix defects. The stock prices fell by 4.23 percent at the market close on July 13. The company to announce its second-quarter earnings on July 28. The Boeing Compan.....
ToughBuilt (NASDAQ: TBLT) stock rides high on Amazon.com sales growth
July 10, 2021 03:16 AM AEST| By Kiran MuraliSummary ToughBuilt stock rallied as much as 70 percent on Friday morning. The toolmaker saw its sales through Amazon.com double in the first half of the year. ToughBuilt share price gained approximately 46 percent year to date ToughBuilt .....
Virgin Galactic (SPCE) rallies as Richard Branson will fly to space before Jeff Bezos
July 03, 2021 12:52 AM AEST| By Kiran MuraliSummary The aerospace company’s stock popped 20 percent when the market opened on Friday. Virgin Galactic will launch next spaceflight on July 11 and its founder Richard Branson would be among the crew. The space travel company eyes comm.....
FedEx (FDX) stock trends after robust earnings report
June 26, 2021 05:36 AM AEST| By Team Kalkine MediaSummary FedEx Corp (NYSE: FDX) reported US$84 billion in revenue for FY 2021, up 21% YoY. It booked a net income of US$1.87 billion in the May quarter, against a net loss of US$334 million in the same quarter in the previous year. FedEx Co.....
Raven (RAVN) pops 49% in pre-market on CNH’s $2.1B deal
June 22, 2021 12:32 AM AEST| By Kiran MuraliSummary CNH Industrial will pay US$58 per share to fully acquire Raven. The offer price represents a premium of 33.6 percent to Raven’s 4-week volume-weighted average share price. The acquisition could be completed in the fourth quarter .....
Why General Electric, Boeing Stocks Gained on Thursday?
May 28, 2021 09:13 AM AEST| By Kiran MuraliSummary Airbus raises aircraft production target as the aviation industry starts to recover. GE’s joint venture with Safran SA supplies engines to Airbus’ A320 family. Stocks of General Electric Company (NYSE:GE) and Boeing Com.....
Norwegian Air Shuttle & United Airlines: Two Trending Airline Stocks
May 27, 2021 03:24 AM AEST| By Team Kalkine MediaSummary Norwegian Air Shuttle’s market capitalization is around NOK1.677 billion. United Airlines resumed nonstop services this year after pandemic restrictions. United Airlines’ Q1 operating revenue was around US$3.2 billion. .....
Will These 3 Industrial Stocks Profit from Biden’s Infra Push?
May 25, 2021 03:47 AM AEST| By Team Kalkine MediaThe industrial sector that makes heavy equipment for industries is an essential part of the economy. As such, their performance can be a barometer to a country’s economic health. The pandemic has caused widespread disruptions in the industri.....
Lightspeed Stock Soars On Upbeat Revenue Outlook
May 21, 2021 09:40 AM AEST| By Kiran MuraliSummary Lightspeed forecasts revenue in the range of US$430 to US$450 million for the fiscal year 2022. In fiscal 2021, revenue soared 84 percent year over year. The Canadian company’s stock is up 107 percent since the NYSE listing. .....
Virgin Galactic Stock Rallies On Spaceflight Launch Update
May 21, 2021 09:07 AM AEST| By Team Kalkine MediaSummary The space tourism company to conduct a spaceflight test this Saturday. Virgin Galactic first attempted the spaceflight test in December 2020. The company’s stock is down 18.7 percent year to date. Virgin Galactic Holdings, I.....
Three Industrial Sector Dividend-Paying Stocks To Explore
May 11, 2021 08:42 AM AEST| By Team Kalkine MediaHere are three dividend-paying industrial stocks that may benefit from the US economic recovery. The capital goods industry has witnessed one of the worst storms during the covid pandemic. The US government’s economic stimulus plan has boost.....
UPS Stocks Surge After Record Quarterly Earnings Report
April 28, 2021 07:39 AM AEST| By Team Kalkine MediaSummary UPS stocks (NYSE:UPS) soared over 11% after it announced a robust first-quarter earnings report. Its operating profits jumped a whopping 158% to US$2.8 billion in Q1, compared to the same period of 2020. UPS stocks gained more than 19%.....
Kansas City (NYSE:KSU) Stock Jumps 12% On Canadian Pacific Deal
March 13, 2021 02:22 PM AEDT| By Team Kalkine MediaSource:Halfpoint, Shutterstock Summary Canadian Pacific to acquire US freight rail company Kansas City Southern for $25 billion. The transaction will be a combination of stock and cash, pending approval from regulators. The entity to be named...
Two industrial stocks that put up a strong show despite pandemic
February 13, 2021 07:12 PM AEDT| By Team Kalkine Mediaement have delivered robust quarterly performances despite the pandemic challenges. The industrial sector is considered as the backbone of an economy as it plays a significant role in economic development. However, the health emergency and econ...
