SPDR® S&P Aerospace & Defense ETF

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  • uploads///REV EPS TATT
    Miscellaneous

    What’s behind TAT Technologies’ Exceptional Dividend Yield?

    TAT Technologies (TATT) caters to the commercial and military aviation industries.

    By Amanda Lawrence
  • uploads///GE Aviation
    Earnings Report

    Why General Electric’s Aviation Segment Revenue Rose in 1Q17

    Revenue for General Electric’s (GE) Aviation segment was $6.8 billion in 1Q17, a 9.0% rise from $6.2 billion in 1Q16.

    By Samuel Prince
  • uploads///jacobs engineering pbacklog
    Earnings Report

    Analyzing JEC’s Backlog Position and Restructuring Actions

    Jacobs Engineering’s backlog position rose by $440 million sequentially to $18.8 billion in 4Q16. It’s just 2% shy of the previous record of $19.1 billion.

    By Shannon Black
  • uploads///jacobs engineering guidance
    Earnings Report

    How Does Jacobs Engineering Look for Fiscal 2017?

    In the 4Q16 earnings call, Jacobs Engineering provided its initial guidance for the adjusted EPS and a brief overview of the prevailing market conditions.

    By Shannon Black
  • uploads///transdigm outlook q
    Earnings Report

    TransDigm Stock Dips on Weak Fiscal 2017 Guidance

    TransDigm’s adjusted earnings per share rose 10.8% year-over-year to $2.77 and beat estimates by $0.09 in fiscal 4Q16.

    By Shannon Black
  • uploads///donald trump defense
    Miscellaneous

    Defense Sector Stocks Achieve Liftoff from Trump’s Victory

    Because Republicans retained control of both legislative houses, investors expected that defense budgets would be easier to pass.

    By Shannon Black
  • uploads///transdigm private equity
    Earnings Report

    TDG Boosted Its Proprietary Product Revenue with This Acquisition

    TransDigm (TDG) has increased the size of its existing term loan facility by $650 million to facilitate a one-time special dividend of $24 per share.

    By Shannon Black
  • uploads///rockwell collins transaction summary
    Miscellaneous

    The Strategic Rationale behind the Rockwell Collins–B/E Aerospace Deal

    There is little overlap between the product portfolios of Rockwell Collins (COL) and B/E Aerospace (BEAV). Rockwell Collins manufactures high-value avionics and electronic components, and B/E Aerospace supplies interior aircraft products.

    By Shannon Black
  • uploads///general dynamics margins
    Earnings Report

    Higher G650 Mix Puts Margins of General Dynamics in Top Gear

    Despite the challenging conditions, General Dynamics (GD) has managed to raise its margins in its Aerospace segment.

    By Shannon Black
  • uploads///textron earnings
    Earnings Report

    Textron Stock Gains as It Allays Concerns of Earnings Downgrade

    Textron announced its 3Q16 earnings on October 20, 2016. Its earnings resulted in a price rise of nearly 3.7%, and the stock closed at $39.49 that day.

    By Shannon Black
  • uploads///raytheon
    Earnings Report

    Why Is Raytheon’s Reliance on the Army a Concern?

    Raytheon is protected from US government spending due to its high international exposure. However, its Army exposure is a source of risk.

    By Shannon Black
  • uploads///northrop grumman part
    Earnings Report

    Northrop Grumman Faces Dogfight over Air Force Trainer Contract

    The US Air Force has put up an order for 350 trainer aircraft on competing bids. The request for proposal is likely to be finalized by December 2016.

    By Shannon Black
  • uploads///The Rally in the SP  Index Mainly Supported By the Feds Prolonged Low Interest Rate
    Fund Managers

    What’s J.P. Morgan’s View on the Central Bank?

    Samantha Azzarello thinks that the central bank’s monetary stimulus is the major reason behind the economy (IWM) (QQQ) and market movement.

    By Sarah Sands
  • uploads///part
    Earnings Report

    NetJets Orders Secure Textron Aviation amid Business Jet Weakness

    Textron Aviation increase its sales in the last two quarters after gaining traction for its new Latitude business jets. It has secured 150 orders from NetJets.

    By Shannon Black
  • uploads///part
    Earnings Report

    How Lockheed Martin Might Use Cash Proceedings from the Leidos Deal

    On August 16, Lockheed Martin completed the separation of its Information Systems & Global Solutions, which was merged with a subsidiary of Leidos Holdings.

    By Shannon Black
  • uploads///united technologies five year roic
    Company & Industry Overviews

    What Can We Learn from Analyzing 20 Years of UTX’s ROIC?

    An analysis of UTX’s return on invested capital between 1996 and 2015 shows that 1999 and 2012–2015 were the only years when its ROIC fell below 15%.

    By Shannon Black
  • uploads///united technologies peer roic
    Company & Industry Overviews

    How United Technologies’ ROIC Compares to Its Peers’

    United Technologies’ falling ROIC is due to delayed payoffs, and its numbers should improve when its investments start paying off.

    By Shannon Black
  • uploads///united technologies history
    Company & Industry Overviews

    How United Technologies Has Evolved over the Years

    The origins of United Technologies (UTX) lie in the creation of the United Aircraft and Transportation Company (or UATC) in 1929.

    By Shannon Black
  • uploads///trans part
    Earnings Report

    Transdigm Continues as a ‘Super Stock’ in 2016

    Transdigm Group (TDG) became public in March 2006. Since then, the company’s stock has compounded wealth at an astonishing clip.

    By Shannon Black
  • uploads///trans part
    Earnings Report

    Transdigm Buys DDC, Its Second-Largest Deal Ever

    On May 24, Transdigm announced that it signed a definitive agreement to acquire DDC from Behrman Capital for a purchase price of $1 billion in cash.

    By Shannon Black
  • uploads///trans part
    Earnings Report

    What Were the Key Drivers behind Transdigm’s Revenue Gains?

    In 3Q16, Transdigm Group’s (TDG) revenues were up 15.4% YoY to $797.7 million—below Wall Street analysts’ consensus estimates of $804.5 million.

    By Shannon Black
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    Earnings Report

    Why Parker-Hannifin Shares Rose 4.6% on August 4

    Parker-Hannifin (PH), a leading manufacturer of motion and control technologies, declared its 4Q16 earnings on August 3, 2016.

    By Shannon Black
  • uploads///part
    Earnings Report

    Despite a Downgrade, Spirit AeroSystems’ Guidance Looks Good

    Despite a significant drop in profits, Spirit AeroSystems Holdings’ (SPR) FCF (free cash flows) were flat YoY (year-over-year) at $161 million.

    By Shannon Black
  • uploads///part
    Earnings Report

    Spirit AeroSystems’ Revenues Take Flight on Airbus 320 in Q2

    Spirit AeroSystems’ revenues increased by 7.7% YoY to $1.83 billion in 2Q16. This was higher than Wall Street estimates of $1.69 billion.

    By Shannon Black
  • uploads///part
    Earnings Report

    Spirit AeroSystems’ Shares Take a Hop as it Wings Airbus Deal

    In 2Q16, Spirit AeroSystems’ Fuselage Systems represented 50% of total revenues. Propulsion Systems and Wing Systems made up 26.3% and 23.2%, respectively.

    By Shannon Black
  • uploads///part
    Earnings Report

    How Major Analysts View General Dynamics Stock

    Currently, 13 analysts have a “buy” rating on General Dynamics stock, and the rest have a “hold” rating. The average 12-month target price is $162.23.

    By Shannon Black
  • uploads///part
    Earnings Report

    Weak Business Jet Hurt General Dynamics’ Sales

    In General Dynamics’ Aerospace (XAR) segment, which is another name for the Gulfstream business jet subsidiary, sales fell 5.5% due to persistent weakness in demand.

    By Shannon Black
  • uploads///part
    Earnings Report

    Investors Should Be Patient with Pratt & Whitney’s Engine Investments

    United Technologies (UTX) achieved 100% conversion of net income into cash flows in 2Q16 compared to 76% in 2Q15.

    By Shannon Black
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    Basic Materials

    Why HON Split Automation and Control Solutions into 2 Parts

    The Honeywell (HON) Automation and Control Solutions unit is a $14.1 billion enterprise and houses five different businesses serving different end markets.

    By Shannon Black
  • uploads///part
    Earnings Report

    Defense a Key Sales Driver in Honeywell’s Aerospace Segment

    Honeywell’s (HON) Aerospace (ITA) segment is its largest business unit. It contributed to 37.8% of the company’s sales in 2Q16.

    By Shannon Black
  • uploads///part
    Earnings Report

    Honeywell Sales Grounded by Weak Aerospace Results in 2Q16

    Honeywell’s (HON) revenue rose by 2.2% to $10 billion in 2Q16 compared to analysts’ consensus estimate of $10.1 billion.

    By Shannon Black
  • uploads///part
    Earnings Report

    Why LMT’s Capital Allocation Is Unlikely to Disappoint Investors

    In January 2016, Lockheed Martin unveiled its plan to shed its Information Systems and Global Solutions segment and merge it with Virginia-based Leidos Holdings (SAI).

    By Shannon Black
  • uploads///part
    Earnings Report

    Lockheed Martin’s Space Systems a Shining Star for Profits

    The aeronautics (XAR) segment is Lockheed Martin’s largest segment and contributed 33.6% to overall segment profits in 2Q16.

    By Shannon Black
  • uploads///part
    Earnings Report

    Other Defense Majors Made for Better 2016 Picks Than Raytheon

    Raytheon (LMT) has managed to beat consensus EPS (earnings per share) as well as revenue estimates seven times in the last eight quarters.

    By Shannon Black
  • uploads///part
    Earnings Report

    Raytheon Still Hopeful about Its German Patriot Deal

    The US government gave a green light to Raytheon (RTN) in 2015 to export its 360-degree Gallium Nitride Active Electronically Scanned Array radar to 13 partner countries.

    By Shannon Black
  • uploads///part
    Earnings Report

    Rockwell Collins: The View from Altitude for 2016

    On July 14, 2016, Rockwell Collins (COL) stock closed at $85.82, and it had a trailing PE ratio of 17x.

    By Shannon Black
  • uploads///part
    Earnings Report

    How Do Major Analysts View Rockwell Collins’s Stock?

    The consensus rating among the 19 analysts covering Rockwell Collins (COL) leans toward a “buy” call.

    By Shannon Black
  • uploads///part
    Earnings Report

    Market Expectations from Rockwell Collins in Its 3Q16 Earnings

    Rockwell Collins (COL), which makes avionics for commercial and military aircraft, is scheduled to declare its 3Q16 earnings on July 25. The consensus analyst estimate COL’s adjusted EPS to rise by 19% on a year-over-year basis to $1.58.

    By Shannon Black
  • uploads///part
    Consumer

    How Elon Musk’s SpaceX Is Turning Up the Heat on Lockheed Martin

    Lockheed Martin’s (LMT) Space Systems segment generated $9.1 billion in revenues in 2015, representing 20% of total annual revenues.

    By Shannon Black
  • uploads///part
    Earnings Report

    Lockheed Martin’s Deal with the Pentagon for 160 F-35 Aircraft

    Lockheed Martin’s (LMT) Aeronautics (XAR) business segment accounted for $15.6 billion, or 34%, of consolidated net sales in 2015.

    By Shannon Black
  • uploads///part
    Earnings Report

    Lockheed Martin’s Fantastic Stock Run in 2016

    Lockheed Martin (LMT) has managed to beat consensus EPS (earnings per share) estimates seven times in the last eight quarters.

    By Shannon Black
  • uploads///part
    Earnings Report

    How Used Aircraft Could Drive Honeywell’s Growth

    Honeywell (HON) Aerospace was Honeywell’s largest business segment in 2015, constituting 39.5% of total company sales.

    By Shannon Black
  • uploads///part
    Earnings Report

    Word on the Street: Market Expectations from UTX’s 2Q16 Results

    The consensus estimate among Wall Street analysts is for United Technologies’s (UTX) adjusted earnings per share to fall by 7% year-over-year to $1.68 in 2Q16.

    By Shannon Black
  • uploads///Q Avaition
    Earnings Report

    Will General Electric Aviation Fly High in 2Q16?

    General Electric’s (GE) Aerospace (ITA) segment is its largest business unit. It contributed to 24.0% of industrial sales in 1Q16.

    By Jessica Stephans
  • uploads///US GDP Growth Experiencing Slowdown
    Macroeconomic Analysis

    Is David Rubenstein Optimistic about US Presidential Election?

    Rubenstein commented about the US presidential election, saying that whoever wins, it probably won’t accelerate economic growth in the United States.

    By Sarah Sands
  • uploads///part
    Company & Industry Overviews

    Why the Honeywell-United Technologies Merger Failed to Take Off

    Both Honeywell and United Technologies recently confirmed that they had engaged in conversations related to a potential merger to create a global aerospace behemoth.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    What You Should Know about Honeywell Aerospace’s Regional Markets

    The United States is the largest market for Honeywell’s Aerospace (XAR) unit, accounting for 48% of total sales by region.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Why Honeywell Aerospace Is a High-Margin Business

    In the aerospace market, Honeywell (HON) provides mechanical and avionics equipment to airplane manufacturers, the space and defense industry, and flight operators.

    By Shannon Black
  • uploads///hei pe
    Earnings Report

    How Does HEICO Corporation Compare to Its Peers?

    The PBV (price-to-book value) ratios of HEICO, United Technologies, Honeywell International, Esterline Technologies Corporation, and Triumph Group are 4.3x, 2.7x, 4.3x, 1.6x, and 0.75x, respectively.

    By Gabriel Kane
  • uploads///hei pm
    Earnings Report

    HEICO Corporation’s Revenue and Income Rose in Fiscal 4Q15

    After HEICO’s (HEI) fiscal 4Q15 earnings report, HEI rose by 1.8% to close at $49.61 per share on December 15, 2015.

    By Gabriel Kane
  • uploads///gks znh
    Earnings Report

    China Southern Airlines’ Performance in a Competitive Market

    China Southern Airlines’ YTD performance is 14.90%. DEF is -7.98%. DEF’s PE ratio is 15.84x. China Southern Airlines is trading at a PE ratio of 5.43x.

    By Gabriel Kane
  • uploads///gks znh
    Earnings Report

    Organic Growth Boosts China Southern Airlines’ Performance

    China Southern Airlines is a $10.56 billion company. It’s affiliated with China Southern Air Holding Company. It specializes in air transportation services.

    By Gabriel Kane
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