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  • Spirit AeroSystems Stock Rose After Analyst Review

    Spirit AeroSystems Stock Rose After Analyst Review

    Spirit AeroSystems Holdings, Inc. (NYSE: SPR) concluded its recent trading session on an impressive note, surging by 4.96% to settle at a closing price of $22.21. This surge in the value of Spirit AeroSystems stock was driven by robust trading activity, with more than 7.63 million shares changing hands during the day. Notably, this notable upswing in SPR stock can be attributed to a favorable recommendation put forth by financial analysts.

    On the day, a prominent financial institution, Deutsche Bank, elevated its recommendation for Spirit AeroSystems (SPR) stock from a “HOLD” status to a “BUY.” In addition to this shift in perspective, the analyst group also adjusted its target price for SPR stock, raising it from the previous $16 to an ambitious $30.

    Furthermore, the stocks of Spirit AeroSystems, a key supplier for aerospace giant Boeing, experienced a substantial boost following the announcement of a production agreement between the two companies. This agreement was forged in response to quality-related delays that had been affecting deliveries.

    Spirit AeroSystems unveiled a momentous declaration this week, disclosing that its offspring, Spirit AeroSystems Inc., has engaged in a Memorandum of Agreement (MoA) with The Boeing Company. The central objective of this accord is to cultivate an intensified synergy, culminating in elevated quality standards and heightened future delivery proficiency.

    Joint teams will prioritize efforts in enhancing supply chain performance and resilience. Through this concerted endeavor to harmonize SPR’s production systems, a heightened level of market responsiveness and delivery assurance is anticipated. This agreement effectively bolsters the strategic partnership between Spirit AeroSystems and Boeing, underscoring their commitment to fulfilling operational obligations and meeting the expectations of the airline industry.

    Under the terms of this agreement, Spirit AeroSystems will receive a more favorable price for near-term deliveries of components, including the forward fuselage, for the 787 Dreamliner. On the flip side, prices for 737 components are set to see reductions between 2026 and 2033. As a direct result of this arrangement, Spirit AeroSystems is poised to generate an additional $455 million in sales between 2023 and 2025.

    However, projections indicate a decrease in Spirit’s revenues from 2026 to 2033, amounting to $265 million. Boeing has also committed to extending repayments on $180 million of financing from 2025 to 2027, and the aerospace company will inject an additional $100 million into tooling, which is vital for accommodating future increases in the production rates of the 787 and 737 aircraft.

  • Under the spotlight: Aerospace & Defence Stocks

    Under the spotlight: Aerospace & Defence Stocks

    Rolls-Royce is now facing the most challenging time in its 114-year history because of the coronavirus crisis. By raising 5 billion pounds ($6.8 billion) in cash, the supplier to Airbus and Boeing Co (NYSE: BA) bought it time but warned that 2020 would be even worse than expected.

    The manufacturer of powerplants for British nuclear submarines might need to be saved by the state before it secured extra funds in November.

    Following last month’s reduction in Rolls’ debt rating to “junk,” Prime Minister Boris Johnson attempted to allay concerns, saying the government would work with the company to ensure its “long-term future” as a “great, great British company.”

    Rolls Royce is one of only four major manufacturers in the world of aero engines, symbolizing British industrial interests at a crucial time when the nation is attempting to assert its position in a post-Brexit world and struggling with uncertainty over the future trade relationships.

    The Boeing Company (NYSE:BA) shares were trading down -2.05% at $221.24 at the time of writing on Thursday. Boeing (BA) recently stated that the company and the University of Arizona put an age-old technique, thermal disinfection, to use in the fight against COVID-19.

    The Boeing Company (NYSE:BA) share price went from a low point around $89.00 to briefly over $349.95 in past 52 weeks, though shares have since pulled back to $221.24. BA market cap has remained high, hitting $127.12B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating BA, UBS upgraded coverage on BA shares with a Buy rating and a $213.13 price target, which implies room for -8.11% downside momentum this year.

    EHang Holdings Limited (EH) last closed at $20.21, in a 52-week range of $7.59 to $24.38. The company achieved a significant milestone on the path to offering Urban Air Mobility (“UAM”) services worldwide. As On December 9, the Civil Aviation Authority of Austria issued a trial flight permit for the EH216 passenger-grade AAV. Analysts have a consensus price target of $13.00.

    Embraer S.A. (ERJ) stock drop by -0.96% to $7.22. The most recent rating by Morgan Stanley, on August 11, 2020, is at an Underweight.

    Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Shares headed rising, higher as much as 6.63% following its announcement of successful completion of Kratos Valkyrie UAS AttritableONE flight test enabling the F-22 and F-35 5th flying of generation fighters in formation. The most recent rating by JP Morgan, on September 22, 2020, is at a Neutral.

    L3Harris Technologies Inc. (NYSE:LHX) fall -0.23% after losing more than -$0.42 on Thursday after reporting that it will host a conference call on Friday, January 29, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter calendar year 2020 financial results.

    Lockheed Martin Corporation (LMT) last closed at $352.60, in a 52-week range of $266.11 to $442.53. Analysts have a consensus price target of $436.00.

    Northrop Grumman Corporation (NOC) stock drop by -0.44% to $300.68. On December 8, 2020, the company and Veritas Capital, revealed that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The most recent rating by RBC Capital Mkts, on October 06, 2020, is at an Outperform.

    AMMO Inc. (NASDAQ:POWW) Shares headed falling, lower as much as -2.15% after reporting the closing of Underwriters’ $2.6 million over-allotment of common stock.

    Raytheon Technologies Corporation (NYSE:RTX) rose 0.10% after gaining more than $0.07 on Thursday.

    Virgin Galactic Holdings Inc. (SPCE) last closed at $25.50, in a 52-week range of $9.06 to $42.49. On December 14, 2020, the firm revealed an update following its recent test flight on December 12, 2020. Analysts have a consensus price target of $26.78.

    Spirit AeroSystems Holdings Inc. (SPR) stock drop by -1.30% to $36.37. The most recent rating by UBS, on December 07, 2020, is at a Buy.

    Smith & Wesson Brands Inc. (NASDAQ:SWBI) Shares headed rising, higher as much as 0.89% following the declaration from the firm that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through December 14, 202. The most recent rating by Aegis Capital, on September 24, 2020, is at a Buy.

    AgEagle Aerial Systems Inc. (AMEX:UAVS) rose 5.57% after gaining more than $0.17 on Thursday.

  • What changed for these 46 stocks in Pre Market Session?

    What changed for these 46 stocks in Pre Market Session?

    Alterity Therapeutics Limited (ATHE) stock plunged -10.31% to $2.0 in the pre-market trading after the company announced the approval of a US patent for the next generation.

    Cinedigm Corp. (NASDAQ: CIDM) shares are trading down -4.55% at $0.525 at the time of writing after it posted Second Quarter Fiscal 2021 Earnings. The company’s 52-week range was noted as $0.25 to $6.00. Analysts have a consensus price target of $3.50.

    iBio Inc. (IBIO) tumbled over -2.34% at $1.67 in pre-market trading today as the Company revealed fiscal first quarter 2021 Financial results and provides a business update.

    CBAK Energy Technology Inc. (CBAT), an Electrical Equipment & Parts company, dropped about -7.4% at $9.01 in pre-market trading Wednesday.

    Comstock Mining Inc. (LODE) stock moved down -1.96 percent to $1.0 in the pre-market trading as it revealed to Host Earnings Call.

    CureVac N.V. (CVAC) lost over -3.01% at $74.19 in pre-market trading Wednesday 18 November 2020 after the news that the Company has established a European-based network to ramp Up manufacturing of its COVID-19 vaccine candidate, CVnCoV.

    Oncternal Therapeutics Inc. (ONCT) is down more than -24.88% at $3.11 in pre-market hours Wednesday 18 November 2020 as the Company increases previously revealed bought deal to $22.5 million. The stock had dropped over -9.41% to $4.14 in the last trading session.

    Before the trading started on 18 November 2020, New Concept Energy Inc. (GBR) is down -11.38% to reach $1.48 after the firm announced its Q3, 2020 results. It has been trading in a 52-week range of $0.55 to $2.19.

    Polar Power Inc. (POLA) stock plunged -7.25% to $3.07 in the pre-market trading. The most recent rating by ROTH Capital, on November 07, 2017, is at a Neutral.

    Trinity Biotech plc (NASDAQ: TRIB) shares are trading down 0.0% at $2.9 at the time of writing. The company’s 52-week range was noted as $0.56 to $3.35 as the company set to Host an Earnings Call.

    So-Young International Inc. (SY) grew over 4.65% at $13.5 in pre-market trading today as the company said it is going to report its earnings to result on November 25, 2020.

    BioNTech SE (BNTX), a Biotechnology company, rose about 4.22% at $90.6 in pre-market trading Wednesday after the report that Pfizer and BioNTech planned to file as vaccine proves 95% effective.

    Sunworks Inc. (SUNW) stock moved down -4.91 percent to $3.68 in the pre-market trading after the Company revealed that the proposed merger with the Peck Company Holdings, Inc. failed to secure stockholder approval.

    Sundial Growers Inc. (SNDL) lost over -3.04% at $0.2424 in pre-market trading Wednesday 18 November 2020 following the announcement of its third-quarter earnings results.

    Tuniu Corporation (TOUR) is up more than 1.04% at $1.95 in pre-market hours Wednesday 18 November 2020. The stock had dropped over -3.98% to $1.93 in the last trading session.

    Before the trading started on 18 November 2020, Taiwan Semiconductor Manufacturing Company Limited (TSM) is up 3.22% to reach $98.79 following the report that Samsung heats up chip wars with the claim that it can catch TSMC by 2022. It has been trading in a 52-week range of $42.70 to $102.44.

    Hill International Inc. (HIL) stock plunged -5.49% to $1.55 in the pre-market trading as the company said that CEO Raouf Ghali and CFO Todd Weintraub are scheduled to present at the following investor conferences during the month of November.

    Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) shares are trading down -4.77% at $0.5615 at the time of writing after the preliminary results following vaccination of non-human primates with TNX-1800 a live attenuated COVID-19 vaccine candidate engineered to express the SARS-CoV-2 spike protein after vaccination. The company’s 52-week range was noted as $0.39 to $2.46. Analysts have a consensus price target of $4.

    Genius Brands International Inc. (GNUS) tumbled over -3.42% at $1.13 in pre-market trading today after the company revealed strategic takeover of ChizComm Ltd. and ChizComm Beacon Media.

    Medley Management Inc. (MDLY), an Asset Management company, rose about 33.73% at $9.0 in pre-market trading Wednesday announced third-quarter earnings results.

    China SXT Pharmaceuticals Inc. (SXTC) stock moved down -3.59 percent to $0.2603 in the pre-market trading.

    Camtek Ltd. (CAMT) lost over -3.64% at $19.05 in pre-market trading Wednesday 18 November 2020 following the news of the commencement of a proposed underwritten public offering of three million ordinary shares.

    Cellectis S.A. (CLLS) is up more than 5.58% at $20.8 in pre-market hours Wednesday 18 November 2020, after the firm announced the appointment of Kyung Nam-Wortman as Cellectis’ Executive Vice President, Chief Human Resources Officer. The stock had dropped over -1.79% to $19.70 in the last trading session.

    Before the trading started on 18 November 2020, TechnipFMC plc (FTI) is up 4.34% to reach $8.42 after the Company received notice to proceed with the EPC contract for Sempra LNG’s and IEnova’s Energía Costa Azul LNG facility. It has been trading in a 52-week range of $4.49 to $21.84.

    Li Auto Inc. (LI) stock soared 3.17% to $36.16 in the pre-market trading after the Company revealed the 3rd quarter of 2020 Earnings results. The most recent rating by Citigroup, on November 16, 2020, is at a Buy.

    BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) shares are trading down -2.47% at $2.76 at the time of writing. The company’s 52-week range was noted as $2.35 to $62.00.

    Neptune Wellness Solutions Inc. (NEPT) tumbled over -2.63% at $1.85 in pre-market trading today after the company posted 2nd quarter loss and missed the predictions.

    Livent Corporation (LTHM), a Specialty Chemicals company, rose about 4.19% at $15.9 in pre-market trading Wednesday following the report of Analysts revised their forecast after disappointing Earnings.

    Micro Focus International plc (MFGP) stock moved up 29.73 percent to $4.8 in the pre-market trading.

    Houghton Mifflin Harcourt Company (HMHC) gained over 5.63% at $3.0 in pre-market trading Wednesday 18 November 2020 after the Company announced financial results for the quarter ended September 30, 2020. The Company revealed its plan to explore the potential sale of HMH Books & Media, its Consumer Publishing business.

    Acasti Pharma Inc. (ACST) is up more than 3.81% at $0.218 in pre-market hours Wednesday 18 November 2020 as the Company offered a business update for Q2, 2020. The stock had jumped over 0.77% to $0.21 in the last trading session.

    Before the trading started on 18 November 2020, Canaan Inc. (CAN) is up 8.73% to reach $3.61. It has been trading in a 52-week range of $1.76 to $13.00.

    VAALCO Energy Inc. (EGY) stock soared 45.1% to $1.48 in pre-market trading.

    Liminal BioSciences Inc. (NASDAQ: LMNL) shares are trading up 11.37% at $4.31 at the time of writing posted third-quarter results. The company’s 52-week range was noted as $3.51 to $31.45.

    Carver Bancorp Inc. (CARV) grew over 3.89% at $6.95 in pre-market trading today.

    Vaxart Inc. (VXRT), a Biotechnology company, dropped about -2.47% at $5.53 in pre-market trading Wednesday after it publicized that it is set to host a Key Opinion Leader (KOL) panel for investors entitled “An Oral Tablet Vaccine – A Potential Global Solution to COVID-19 and Norovirus?” on Thursday, November 19, 2020, at 12pm Eastern Time.

    SCWorx Corp. (WORX) stock moved down -3.64 percent to $1.06 in the pre-market trading.

    Sunoco LP (SUN) lost over -7.0% at $27.11 in pre-market trading Wednesday 18 November 2020 as the Company gained above 5% as Q3 Earnings topped predictions.

    NIO Limited (NIO) is up more than 3.78% at $48.35 in pre-market hours Wednesday 18 November 2020 as the Company revealed its Q3 loss less than expected, whiles sales topped predictions. The stock had jumped over 2.22% to $46.59 in the last trading session.

    Before the trading started on 18 November 2020, Ocugen Inc. (OCGN) is up 4.27% to reach $0.3029 as Company recently revealed Q3 results. It has been trading in a 52-week range of $0.17 to $0.96.

    Weidai Ltd. (WEI) stock soared 9.4% to $1.63 in the pre-market trading after the report that the Company regained compliance after receipt of NYSE Non-compliance letter regarding ADS trading price on October 20, 2020. The most recent rating by Morgan Stanley, on January 21, 2020, is at an Underweight.

    Magnolia Oil & Gas Corporation (NYSE: MGY) shares are trading up 2.99% at $6.2 at the time of writing after the Company missed Earnings predictions. The company’s 52-week range was noted as $3.23 to $13.28.

    Waitr Holdings Inc. (WTRH) grew over 13.68% at $3.24 in pre-market trading today as the Company beat the Earnings outlook.

    Norwegian Cruise Line Holdings Ltd. (NCLH), a Travel Services company, dropped about -6.17% at $20.7 in pre-market trading Wednesday after the company revealed the pricing of 40,000,000 ordinary shares.

    IZEA Worldwide Inc. (IZEA) stock moved up 5.49 percent to $0.77 in the pre-market trading as it revealed Q3 financial results.

    The Boeing Company (BA) gained over 3.53% at $217.46 in pre-market trading Wednesday 18 November 2020 after the report that Boeing’s 737 Max cleared to fly in the US after crashes.