Speaking at a Bernstein conference, Plant emphasized the need to ramp up production, as one of its largest customers, Boeing, had manufactured more than 40 737 Max jets every month for four consecutive months.
Bearings manufacturer RBC Bearings (NYSE:RBC) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 5.8% year on year to $437.7 million. Its non-GAAP EPS of $2.83 per share was 4.7% above analysts’ consensus estimates.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
According to a CNBC report, Ortberg also pointed out that Boeing has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are manufactured in South Carolina.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 10.7% over the past six months. This performance was worse than the S&P 500’s 1.9% loss.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
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