United Technologies (UTX)
$86.01 0.00 (0.00%)
19:59 EDT UTX Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 68.81B
PE Ratio 15.39
Volume (Avg. Vol.)
Day's Range 86.01 - 86.01
52-Week Range 69.02 - 158.44
Dividend & Yield 2.83 (3.30%)
UTX Stock Predictions, Articles, and United Technologies News
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Friday's big stock charts feature names that have struggled but could now be in the buy zone.
Shopify, Amazon, the Dow Jones Industrial Average and United Technologies were our top stock trades for Thursday. And here's why.
Equities continued trending lower even after the White House it will step up with $50 billion in loans to the imperiled airline industry and that a $60 billion (at least) is being considered for Boeing. President Trump, now fighting for his electoral life, called the ailing airline industry the number one priority for federal aid stemming from the coronavirus pandemic.
After Wednesday's declines, the Dow Jones Industrial Average is essentially in a bear market, but sellers don't have a reason to give up yet.
U.S. equities are facing growing pressure this week as the COVID-19 virus continues to spread. These five Dow stocks to sell are vulnerable.
It was another brutal day for stocks as coronavirus headlines again took center stage while industrial stocks sank.
Talks about a coronavirus cure and Beyond Meat's expanding partnership were key talking points in the stock market today.
As tensions heat up in the Middle East, oil and gold are rallying. But these military friendly defense stocks are also great names to watch.
The market surged to new highs and Tesla has a new Street-high price target. Here's what else happened in the stock market today.
We're looking at the Dow's best performers as our top stock trades. That's Apple, Microsoft, JPMorgan, Visa and United Technologies.
Top General Electric bear is out with his latest assessment. AMD to top $50? Here's what else happened in the stock market today.
General Electric is trying to the end year on a high note. The question now becomes, can GE stock maintain momentum in 2020?
A pending trade pact stole the show on Thursday, but there was plenty more going on in the stock market today.
Trade war fears are no longer hampering industrial stocks. So says the looming breakout. Here are three stocks to buy to capitalize.
Blue chip stocks are known for rock-solid performance that sometimes comes at the expense of growth. Here are three that are providing both.
Right now, the conventional wisdom is that this is a good time to look at aerospace/defense stocks. And if you look at a chart, there’s good evidence for that. But in any sector, you'll find that not all stocks are created equal.
By Ken Trester
I think there could be more trouble around the corner, and if manufacturing is slowing down, a downside trade on Industrial Select Sector SPDR Fund (NYSEARCA:XLI) may act as good insurance.
Here we looked for five of the Street’s highest-rated Dow Jones stocks right now. As you will see all five of these stocks show a firm ‘Strong Buy’ Street consensus. That's based on all the ratings received by each stock over the last three months.
From Yahoo Finance
(Bloomberg) -- Retired General Lloyd Austin, President-elect Joe Biden’s pick for defense secretary, may get as much as $1.7 million in payments tied to the board seat he’d be giving up at defense contractor Raytheon Technologies Co.“As soon as practicable but not later than 90 days after my confirmation, I will divest my financial interest in Raytheon,” Austin wrote in his ethics agreement with the Pentagon and his financial disclosure report, which are being released Sunday by the Office of Government Ethics. He also pledged to recuse himself for one year from decisions involving Raytheon, the nation’s No. 3 defense contractor.That may include some decisions on the F-35, the costliest U.S. weapons system, because Raytheon’s Pratt & Whitney unit makes the fighter jet’s engines.The documents, which give the value of holdings in broad ranges, show that Austin may receive $750,000 to $1.7 million when he divests his shares in Raytheon and associated entities.Austin joined the board of United Technologies Corp., which owned Pratt & Whitney, when he retired from the Army in 2016. He became a director of Raytheon after it acquired United Technologies in April 2020.Ethics OfficerAustin’s ethics agreement outlining the Raytheon recusal indicates it isn’t absolute: It cites an exemption in a Standards of Conduct law that would allow his involvement in a Raytheon issue if a designated Pentagon ethics officer determined that the government’s interest in Austin’s participation outweighed a perception he may not be impartial.Austin, who led forces in the Mideast as head of U.S. Central Command, would make history as the first Black U.S. defense secretary. His confirmation process will begin with a hearing before the Senate Armed Services Committee scheduled for Jan. 19. He also would have to receive a congressional waiver from a law preventing retired military officers from serving as defense secretary until they’ve been out of office for seven years.Austin’s ethics agreement is a standard part of a post-Watergate process intended to give lawmakers and taxpayers assurances that public officials follow conflict of interest standards. It draws extra attention at the Defense Department because of concerns about the influence of the military-industrial complex and the revolving door between the Pentagon and its multibillion-dollar contractors.Unlike President Donald Trump’s former defense secretary, Mark Esper, who drew criticism from Democratic Senator Elizabeth Warren for having worked as Raytheon’s chief lobbyist, Austin had a much less extensive relationship with the company. His situation may be closer to that of another of Trump’s defense chiefs, James Mattis, who recused himself for a year from decisions involving General Dynamics Corp. because he had served on its board from 2013 to 2017 and severed all financial ties.In Austin’s ethics agreement, he said he would resign from Raytheon’s board upon confirmation as well as from positions with consulting firm Booz Allen Hamilton Holding Corp. and Pine Island Capital Partners. Austin last year became a partner in Pine Island, a private equity partnership between a group of New York-based investors, and made a loan of as much as $15,000 to the group. He said he plans to liquidate “any rights I may have to any future interest in the company.”The firm’s stated goal is to invest in mid-sized companies with values from $50 million to $500 million, specifically targeting aerospace and defense, retail, financial services, health care, manufacturing and technology. In September, Pine Island Acquisition, a blank-check company formed by Pine Island Capital Partners to target the defense industry, filed with the Securities and Exchange Commission to raise as much as $300 million in an initial public offering.The exact value of Austin’s payout from his Raytheon ties will be based on the closing price of the Waltham, Massachusetts-based company and two offshoots from its merger -- Otis Worldwide Corp. and Carrier Global Corp. -- when executed.The largest potential amount is $500,000 to $1 million in a category of “vested, deferred” Raytheon stock units. The second-largest, valued at as much as $500,000 -- $250,000 each -- are “vested deferred stock units” granted Austin from the Otis and Carrier spinoffs.“In accordance with the terms of the merger agreement and my board benefits agreement, when I resign” from Raytheon it will “liquidate” those stocks and “give me a cash payout on or before the first business day that is” 30 days after he resigns. The payments will be based on the closing share prices of the respective stocks that day, Austin wrote.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
From Yahoo Finance
(Bloomberg) -- Activist investor Dan Loeb has built a position in Intel Corp. and is urging the company to explore strategic alternatives, including a possible breakup of the chipmaker and the sale of assets.Loeb’s fund, Third Point LLC, has “built a significant stake” in Intel and plans to push for changes, including potentially nominating board directors, he said Tuesday in a letter to Intel Chairman Omar Ishrak. Loeb said the company has dramatically underperformed its peers of the past five years, including losing more that $60 billion in market value this year alone.“We cannot fathom how the boards who presided over Intel’s decline could have permitted management to fritter away the company’s leading market position while simultaneously rewarding them handsomely with extravagant compensation package,” Loeb said in the letter, a copy of which was obtained by Bloomberg. “Stakeholders will no longer tolerate such apparent abdications of duty.”Intel said in a statement that it welcomed input from all investors to create shareholder value, and looked forward to engaging with Third Point toward that goal. Loeb also said he expected the discussions to be productive, but reserved the right to nominate directors should he sense a “reluctance” to address his concerns.Intel is in the midst of its worst crisis in at least a decade. The Santa Clara, California-based company has been the largest chipmaker for most of the past 30 years by combining the best designs with cutting-edge factories. Most other U.S. chip companies shut or sold plants and tapped other firms to make the components. Intel held out, arguing that doing both improved each side of its operation and created better semiconductors. That strategy is being questioned now as the company’s manufacturing capabilities fall behind the new industry leader Taiwan Semiconductor Manufacturing Co.Loeb urged the company to hire an investment bank to evaluate strategic alternatives, including whether it should remain an integrated device manufacturer and to explore the divestment of “certain failed acquisitions.” He said there were other issues he would like to discuss privately, and planned to file with regulators to allow for Third Point to continue to buy shares in the company and engage more actively with it.Shares rose 4.7% to $49.27 at 1:50 p.m. in New York, giving the company a market value of about $200 billion. Reuters reported on the letter earlier Tuesday.Loeb argued in the letter that Intel has fallen behind the technological advances of its competitors, and is at further risk now that many of its customers, including Apple Inc., Microsoft Corp. and Amazon.com Inc., are developing their own in-house chips. He said Intel must figure out a way to serve its competitors as customers, like Netflix Inc. has by using Amazon’s AWS for cloud services, for example.“You must be able to offer new independent solutions to retain those customers rather than have them send their manufacturing away,” he said.Loeb’s Third Point has pushed for changes at some some of the largest corporations in the world, including Walt Disney Co., Sony Corp., Campbell Soup Co., and United Technologies, among others.(Updates with comments from Loeb beginning in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.