Rheinmetall (OTCPK:RNMBY) has a balanced business within the automotive and defense sectors. However, its defense segment has better growth prospects and a more solid business position than its automotive segment. This profile creates undervaluation because it is trickier to evaluate, leading to undervaluation compared to its closest peers. Moreover, given that synergies between the two segments dont exist, a business separation makes sense, a move that could unlock significant value for shareholders.
Rheinmetall is an automotive, electronics, defense, and engineering group. The company is based in Germany and was founded in 1889. It produces automotive pumps and components to supply air, reduce emissions, and supply fuel, bearings for engines, weapons, and ammunitions among other products. It has a market capitalization of about $5 billion and trades in the U.S. on the over-the-counter market, but investors should be aware that its primary listing on the German Stock Exchange has much more liquidity.
stock data: Citi Trends, Inc.(CTRN)
- [By Lisa Levin]
Citi Trends, Inc. (NASDAQ: CTRN) shares shot up 16 percent to $19.38 after the company posted upbeat quarterly earnings.
Shares of Internap Corp (NASDAQ: INAP) got a boost, shooting up 13 percent to $2.97 on strong quarterly results. Stifel Nicolaus upgraded Internap from Hold to Buy and raised the price target from $2.00 to $5.50.
stock data: United Technologies Corporation(UTX)
- [By Paul Ausick]
United Technologies Corp. (NYSE: UTX) traded up 1.00% at $113.05. The stock’s 52-week range is $96.89 to $114.44. Volume was about 30% below the daily average of around 3 million shares. The company had no specific news.
- [By Stephen Mack]
The biggest aerospace deal in history was announced Monday, as United Technologies Corp. (NYSE: UTX) agreed to acquire aviation parts manufacturer Rockwell Collins Inc. (NYSE: COL) for $23 billion.
- [By Shanthi Rexaline]
Here is the list of the Dow components, which are scheduled to report this week:
1. 3M Co
Company: 3M Co (NYSE: MMM). Date of Reporting: Tuesday, before the market open. EPS Estimate vs. Year-ago EPS: $2.54 versus $2.08. Revenue Estimate: $7.86 billion versus $7.66 billion. Stock Gain/Loss (year to date): 18.12 percent.
Company: Caterpillar Inc. (NYSE: CAT). Date of Reporting: Tuesday, before the market open. EPS Estimate vs. Year-ago EPS: $1.25 versus $1.09. Revenue Estimate: $10.93 billion versus $10.94 billion. Stock Gain/Loss (year to date): 16.10 percent.
Company: McDonald’s Corporation (NYSE: MCD). Date of Reporting: Tuesday, before the market open. EPS Estimate vs. Year-ago EPS: $1.62 versus $1.45. Revenue Estimate: $5.96 billion versus $6.26 billion. Stock Gain/Loss (year to date): 25.35 percent.
4. United Technologies
Company: United Technologies Corporation (NYSE: UTX) Date of Reporting: Tuesday, before the market open. EPS Estimate vs. Year-ago EPS: $1.78 versus $1.82. Revenue Estimate: $15.24 billion versus $14.87 billion. Stock Gain/Loss (year to date): 12.47 percent.
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- [By Paul Ausick]
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was United Technologies Corp. (NYSE: UTX) traded up 2.08% at $110.78. The stock’s 52-week range is $83.39 to $111.69. Volume was about 10% below the daily average of around 3.6 million shares. The company’s stock was lifted from Neutral to Outperform by Credit Suisse analysts on Monday.
stock data: Boot(h)
- [By Lee Jackson]
A10% owner of Hyatt Hotels Corp. (NYSE: H) wasselling some stock this past week. Elsinore Trust parted with a total of 108,815 shares at prices between $52.37 and $53.34. That netted the trust some $2.7 million. The stock closed last Friday at $52.62. The 52-week range for the hotel chain is $44.30 to $58.05, while the consensus price target is $56.44.
stock data: TeleNav Inc.(TNAV)
- [By Lisa Levin]
Telenav Inc (NASDAQ: TNAV) shares were also up, gaining 16 percent to $8.15 after the company reported the settlement of patent lawsuit. The company projects Q2 revenue of $51 million to $52 million and loss of $0.30 per share to $0.28 per share.
stock data: Veeco Instruments Inc.(VECO)
- [By WWW.GURUFOCUS.COM]
VECO (NASDAQ:VECO) contributed 1.16% to the Fund’s quarterly return, nearly equaling AAN’s contribution in the quarter. VECO appreciated over 48% in the quarter due to an acceleration of orders for its key MOCVD tools. These tools are the main manufacturing equipment used to produce LEDs, whether they are for display screens or, increasingly, for lighting products. We estimate that VECO currently has roughly 80% global market share for MOCVD tools used to make LEDs.