After a strong 2022, Phillips 66 stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market. Phillips 66 stock (ticker: PSX) surged 44% in 2022—a stro...
Tag: RTX
Raytheon sales fall slightly short of estimates as it announces to realign into three business segments
Raytheon Technologies Corp. RTX, -0.54% said Tuesday it had net income of $1.422 billion, or 96 cents a share, in the fourth quarter, more than double the $686 million, or 46 cents a share, posted in ...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
The Valuation Game: SpaceX Soars as Elon Musk Slips to No. 2
Quiet weeks are rare in Elon Musk’s world. This past Monday, Bloomberg reported that Musk was raising funds for his space company, SpaceX. At $77 a share, the offer would lift Space X’s valuation 12%,...
Raytheon Stock Named a ‘Best Idea’ for 2023
As the calendar turns to December, investors are thinking about stocks for 2023. Brokerage firm Cowen likes Raytheon Technologies shares for the new year, calling it a “best idea” and a top aerospace ...
Lockheed Martin hikes dividend 7% as Ukraine war drags on
Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a pre...
Crypto Miners Jet Washing Nvidia RTX GPUs.
The ETH shift from Proof of Work to Proof of Stake is specified as the Merge, which meant crypto coin mining using consumer graphics cards was not beneficial anymore. Although, gamers anticipate...
Defense Companies Hurt by Staffing Shortages Amid Growing Weapons Demand
July 30, 2022 11:04 am ET Listen to article (2 minutes) U.S. defense companies are experiencing staffing shortages when the war in Ukraine and tensions surrounding Taiwan are expected to stoke demand ...
Caterpillar’s Headquarters Are Moving to Texas
Caterpillar has had a presence in Texas since the 1960s, according to the firm, but Illinois remains the largest concentration of Caterpillar employees. Dreamstime Text size Caterpillar is moving head...
Nvidia LHR Fully Unlocked: “NiceHash” Allows 100% Ethereum Hashrate On RTX GPUs
The NiceHash mining software has released an update that unlocks 100% Ethereum hashrate on Nvidia’s LHR RTX graphics cards. Ethereum Miners Can Now Completely Circumvent Nvidia’s LHR The “Lite Hash Ra...
An Nvidia RTX 3090 Mod Could Reportedly Make GPU Crypto Mining More Efficient
A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypt...
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
Defense Stocks Take a Hit on U.S. Defense Spending Request
Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...
Berkshire Hathaway’s Market Cap Climbs. It Could Soon Overtake Tesla.
Text size Berkshire Hathaway currently is the sixth most valuable stock in the S&P 500. Photograph by Luke Sharrett/Bloomberg Tesla is the fifth most valuable stock in the S&P 500. But Warren ...
As Russia presses its war with Ukraine, here are 10 aerospace and defense stocks expected to rise up to 39%
No matter when the shooting stops and Russia’s war in Ukraine comes to an end, it seems clear from actions taken by European countries that we’re entering a period of increased defense spending. Below...
Taking a Fresh Look at Raytheon Technologies
We reviewed the charts of Raytheon Technologies (RTX) on January 6, writing that “RTX may trade sideways for a few more days but I suspect we will eventually push higher. Traders could go long R...
New Nvidia RTX LHR Unlocker Opens Up 100% Of Ethereum Hashrate
Info about an upcoming LHR unlocker for the Nvidia RTX 30 series claims that the software unlocks 100% of the Ethereum mining hashrate. Nvidia’s LHR Completely Unlocked, Claims Yet Unreleased Software...
Raytheon stock drops after profit beats but revenue misses expectations, and full-year outlook disappoints
Shares of Raytheon Technologies Corp. RTX, +1.04% dropped 4.1% in premarket trading Tuesday, after the aerospace and defense company reported fourth-quarter profit that beat expectations but revenue t...
Aerospace Stocks Are Wall Street Favorites. 1 Analyst Sees a Risk Though.
Aerospace stocks are hot on Wall Street, pushed by analysts who expect the demand in global air travel to keep growing. There is a very real risk to the sector’s rosy year, though—rising interest rate...