Notes
$NOC $LMT $BA - PENTAGON'S HEGSETH OKAYS US NAVY NEXT-GENERATION FIGHTER, SOURCES SAY
After months of delay, the Pentagon will select as soon as this week the defense company to design and build the Navy's next stealth fighter, a U.S. official and two people familiar with the decision said, it will be a multibillion-dollar effort for a jet seen as central to U.S. efforts to counter China.
PENTAGON URGES MISSILE MAKERS TO BOOST OUTPUT
🔸 Pentagon asking suppliers to double or quadruple missile production amid concerns over potential conflict with China.
🔸 Request delivered in high-level meetings with top U.S. defense contractors.
🔸 Public companies involved include $BAESY, $BA, $GE, $GD, $HII, $LHX, $LMT, $NOC, $RTX.
$BA - BOEING REACHES TENTATIVE U.S. NON-PROSECUTION AGREEMENT IN FATAL CRASHES CASE, SOURCES SAY
BOEING NO LONGER AGREES TO PLEAD GUILTY IN FATAL CRASHES CASE, SOURCES SAY
U.S. DEPARTMENT OF JUSTICE WEIGHING NON-PROSECUTION AGREEMENT WITH BOEING IN FATAL CRASHES CASE VERSUS TAKING COMPANY TO TRIAL, SOURCES SAY
$BA - BOEING Q1 RESULTS:
🔸 Total Revenue: $19.5B (Est. $19.37B)
🔸 Core Loss/Share: $0.49
🔸 Commercial Airplanes Revenue: $8.15B (Est. $8.17B)
🔸 Operating Loss: $537M (Est. $565.3M)
🔸 Defense, Space & Security Revenue: $6.3B | Earnings: $155M
🔸 Global Services Revenue: $5.06B | Earnings: $943M
🔸 Negative Adj. Free Cash Flow: $2.29B (Est. -$3.42B)
🔸 Operating Cash Flow: -$1.62B (Est. -$2.88B)
🔸 Backlog: $544.74B
SECTOR NEWS HIGHLIGHTS
TECH/MEDIA/TELECOM:
🔸 Netflix ( $NFLX): Beats Q1 earnings; strong Q2 guidance.
🔸 Nvidia ( $NVDA): Down 3% on Huawei AI chip shipment news.
🔸 Cognizant ( $CTSH)/DocuSign ( $DOCU): Expand partnership.
🔸 Disney ( $DIS): Upgraded to Outperform at Wolfe Research; $112 target.
🔸 Tempus AI ( $TEM): Initiated with Buy at BTIG; $60 target.
CONSUMER:
🔸 Amazon ( $AMZN): Downgraded at Raymond James; price target cut to $195 from $275.
🔸 QXO: Extends $124.35/share tender offer for Beacon Roofing (BECN).
🔸 Tesla ( $TSLA): Affordable car launch delayed; low-cost Model Y production to begin in U.S.
ENERGY/INDUSTRIALS/MATERIALS:
🔸 Boeing ( $BA): Returning rejected 737 Max jets from China to U.S.
🔸 Cosco Shipping: Warns U.S. tariffs on Chinese ships threaten global trade.
🔸 EU: Eases methane rules to avoid gas-related trade clash with U.S.
FINANCIALS:
🔸 Capital One ( $COF): Gets approval to acquire Discover (DFS), becoming top U.S. credit card lender.
🔸 Comerica ( $CMA): Beats Q1 estimates; EPS $1.25 vs est. $1.18.
🔸 Global Payments ( $GPN): Downgraded at Jefferies; target cut to $75.
🔸 Independent Bank ( $INDB): Misses Q1 EPS; raises dividend by 4%.
HEALTHCARE:
🔸 Pacira ( $PCRX): Approves $300M stock buyback.
🔸 Regeneron ( $REGN)/Sanofi (SNY): FDA approves Dupixent for chronic hives in patients 12+.









