A study of analyst recommendations at the major brokerages shows that United Technologies Corp. (NYSE: UTX) is the #2 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel. United Technologies Corp. is also a top tier analyst pick among the broader S&P 500 index components, claiming the #25 spot out of 500. …read more
Source: FULL ARTICLE at Forbes Markets
Tag Archives: United Technologies Corp
Vanguard Industrials ETF Experiences Big Outflow
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Industrials ETF (AMEX: VIS) where we have detected an approximate $24.0 million dollar outflow — that’s a 3.2% decrease week over week (from 9,314,450 to 9,014,450). Among the largest underlying components of VIS, in trading today United Technologies Corp. (NYSE: UTX) is off about 0.4%, Danaher Corp. (NYSE: DHR) is off about 0.3%, and Precision Castparts Corp. (NYSE: PCP) is lower by about 0.8%. For a complete list of holdings, visit the VIS Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
United Tech sees $1b or more in share buybacks
(AP)—The chief financial officer of United Technologies Corp. says the aerospace giant expects to spend at least $1 billion buying back shares this year. …read more
Source: FULL ARTICLE at Phys.org
Seven Stocks That Will Take the DJIA to 15,000 (IBM, CVX, MMM, MCD, UTX, CAT, XOM)
Filed under: Earnings, Market News, Banking, Personal Finance, Industry News, Consumer Goods, Economy, Investing
The Dow Jones Industrial Average hit a new high this week, and the new closing high is 14,253.77. We originally came up with a top price target for the DJIA of 14,590 for 2013 based upon our own DJIA analysis and methodology. We now expect that number to be surpassed, even if we have not officially raised the target. The reality is that by our take it will only require the top seven of the 30 DJIA stocks to perform this year for the DJIA to hit 15,000.
International Business Machines Corp. (NYSE: IBM), Chevron Corp. (NYSE: CVX), 3M Co. (NYSE: MMM), McDonald’s Corp. (NYSE: MCD), United Technologies Corp. (NYSE: UTX), Caterpillar Inc. (NYSE: CAT) and Exxon Mobil Corp. (NYSE: XOM) will likely be the seven stocks of the 30 DJIA components that lead the index to 15,000. At issue is that the DJIA is a price-weighted index that does not care about the market capitalization. These seven DJIA stocks account for 43% of the entire weighting of the 30 DJIA components.
For instance, General Electric Co. (NYSE: GE) has a $245 billion market cap, yet its $23.59 share price generates a weighing of only 1.27%. Then you have 3M Co. (NYSE: MMM) with a 5.63% weighting because its price is $104.45, and United Technologies Corp. (NYSE: UTX) has a 4.9% weighting in the DJIA because its price is $89.13. Combined, two these companies have a market cap of $159 billion. So GE is worth almost 150% of the market cap, but its weighting in the DJIA at 1.27% compares to the combined weighting of 10.73% for 3M and United Tech. Now you know how silly the DJIA can be as an index, even if investors are usually referring to the DJIA when they say “the market.”
If you took the bottom seven DJIA components, you barely get a 7% combined weighting in the DJIA. These stocks could all double in a static scenario, where the other stocks remain the same, and you would barely get close to the 15,000 mark.
A review at IndexArb.com shows just how much these weightings matter, with a cumulative weighting after each component:
1) IBM 11.13; 11.13
2) Chevron 6.35; 17.48
3) 3M 5.63; 23.11
4) McDonald’s 5.16; 28.27
5) United Technologies 4.90; 33.17
6) Caterpillar 4.86; 38.03
7) Exxon Mobil 4.83; 42.86
International Business Machines Corp. (NYSE: IBM) is at $206.53, against a 52-week range of $181.85 to $211.79. The consensus target price is $225.75, implying an expected gain of 9.3%. IBM‘s dividend yield is 1.7% but has been rising, and the company keeps buying back stock. Warren Buffett has bought a large stake that is likely to rise as well.
Chevron Corp. (NYSE: CVX) trades at $117.93, against a 52-week range of $95.73 to $118.53. Its consensus target price is $124.51, implying upside of 5.6%, and it has a 3.1% …read more
Source: FULL ARTICLE at DailyFinance
Media Digest (3/6/2013) Reuters, WSJ, NYT, FT, Bloomberg
Apple Inc. (NASDAQ: AAPL) and Beats Electronics discuss a content partnership. (Reuters)
The European Union will fine Microsoft Corp. (NASDAQ: MSFT) for violating agreements about use of its browser. (Reuters)
Google Inc. (NASDAQ: GOOG) begins to test a same-day delivery system for retailers’ products that have been bought online. (Reuters)
Five stocks that have accounted for much of the increase in the Dow Jones Industrial Average since it hit bottom in 2009 are International Business Machines Corp. (NYSE: IBM), Caterpillar Inc. (NYSE: CAT), 3M Co. (NYSE: MMM), Chevron Corp. (NYSE: CVX) and United Technologies Corp. (NYSE: UTX). (WSJ)
The BNSF Railway unit of Berkshire Hathaway Inc. (NYSE: BRK-A) will test the use of natural gas to run trains that now use diesel. (WSJ)
J.C. Penney Co. Inc. (NYSE: JPC) board members may replace its chief executive or sell the company if results do not improve this year. (WSJ)
Short sales greatly help the housing market by replacing foreclosures as a way to sell homes. (WSJ)
The Federal Reserve will not allow banks to use stress test rules that they have pushed for over the current ones. (WSJ)
China’s Tencent, a competitor of Twitter, will move into the United States. (WSJ)
China attacks Google for the dominance of its Android system in the smartphone market in the People’s Republic. (WSJ)
Microsoft discounts Windows 8 and Office in an attempt to increase sales. (WSJ)
State college education tuition surges as access to public money drops due to hard financial times for state governments. (WSJ)
Companies with employees who work from home at least one day a week have had increases in productivity and lower costs. (WSJ)
News Corp. (NASDAQ: NWSA) will launch a sports network on Fox. (WSJ)
Proxy advisory firm ISS urges investors not to vote for Hewlett-Packard Co. (NYSE: HPQ) Chairman Ray Lane and several other board members. (WSJ)
Fiat presses plans to buy all of Chrysler. (WSJ)
Some investors will fight the merger of MetroPCS Communications Inc. (NYSE: PCS) and T-Mobile. (WSJ)
The Institute for Supply Management reports that business expansion in the United States has been strong. (NYT)
Samsung makes a $100 million investment in Sharp. (FT)
Toyota Motor Corp. (NYSE: TM) discounts prices of its popular Camry because sales have fallen. (Bloomberg)
Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BRK-A, CAT, CVX, GOOG, HPQ, IBM, JCP, MMM, MSFT, NWSA, PCS, TM, UTX
Otis Launches a New Elevator That is Simpler to Install, Sustainable to Operate, and is Powered by a
By Business Wirevia The Motley Fool
Filed under: Investing
Otis Launches a New Elevator That is Simpler to Install, Sustainable to Operate, and is Powered by a Battery When the Power Fails
FARMINGTON, Conn.–(BUSINESS WIRE)– Otis Elevator Company, a United Technologies Corp. (NYS: UTX) company, is launching a new residential Gen2® elevator that eliminates the need for three phase power, is solar-power capable, and uses battery technology to continue to run when the power goes out. The Gen2 Switch™ elevator will be available globally through Otis operating units in a phased roll-out in developed and emerging markets, including: Europe, India, South East Asia, and Central and South America.
No machine room or control room: The Gen2 system’s patented flat belts and compact machine take up less space. For you, that means no machine room and more rentable space. Even the controller for the Gen2 Switch elevator is compact enough to mount in the hoistway. (Photo: Otis Elevator Company)
The Gen2 Switch elevator builds on the ground-breaking Gen2 product family, the fastest selling product in Otis’ 160-year history, with the added benefits of being simpler to install, more sustainable and safer during power failures or outages.
Simpler: All you need is a regular electrical outlet – just plug it in, and the Gen2Switch elevator has all the power it needs. The elevator operates on single-phase power, making it perfect for retrofits or in new buildings where the elevator would be the only three-phase power installation.
Sustainable: Like other Otis Gen2 elevators with Otis’ patented flat-belts and ReGen™ drives, the Gen2 Switch elevator is up to 75 percent more efficient than traditional elevators. In addition, the Gen2 Switch elevator is the first low-power Gen2 system. The system requires 12 times less installed power from the power grid, compared to a standard Gen2 residential elevator. The system’s single phase technology is capable of drawing renewable power from resources such as solar panels or wind turbines.
Safer: A battery means convenience without fear. No being stranded in a blackout. No facing flight after flight of stairs with a disability – or a giant load of groceries.
Otis Elevator Company is the world’s largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. Founded 160 years ago, Otis employs 60,000 people, offers products and services …read more
Source: FULL ARTICLE at DailyFinance
SPDR Dow Jones Industrial Average ETF Experiences Big Outflow
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Dow Jones Industrial Average ETF (AMEX: DIA) where we have detected an approximate $337.7 million dollar outflow — that’s a 3.1% decrease week over week (from 77,392,867 to 74,992,867). Among the largest underlying components of DIA, in trading today 3M Co (NYSE: MMM) is down about 1.1%, United Technologies Corp. (NYSE: UTX) is off about 1.5%, and Travelers Companies Inc (NYSE: TRV) is lower by about 0.6%. For a complete list of holdings, visit the DIA Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets