- The aircraft maker reported Q4 sales rose 42%, year over year, to $17.9 billion, yielding profit per share of $1.75; that was ahead of analysts’ average $17.6 billion estimate on the top line and way, way ahead of $1.36 on the bottom line.
The halo effect is now rubbing off on the entire industry as many suppliers are surging right along with the giant. Today, Precision Castparts (PCP) - a stock that was on fire in 2007 - was upgraded by Goldman Sachs.
- Goldman Sachs upgraded aerospace parts maker Precision Castparts to buy from neutral on Monday, citing renewed demand for commercial aircraft. "The commercial [original equipment] outlook has improved significantly as Boeing Co. and Airbus are now raising [production] rates, and Precision Castparts is a major beneficiary," the investment firm said in a note to investors. Goldman Sachs upped its 12-month price target for Precision Castparts to $153 from $136.
Titanium Metals (TIE) - along with RTI International Metals (RTI) are the "daytrader's / momentum trader's choice" to play the sector (hand raised) - and have been in an unrelenting move of late. Once more it appears 2008 to early 2009 was just a dream sequence from 'Dallas' and we're right back to the good ole times.
Definitely a group I need to go back to blog inception and read up on previous posts on these names.