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Follow this list to discover and track stocks that have set death crosses within the last week. A Death Cross is when a stock's 50 day moving average crosses below the 200 day moving average. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
GrafTech International could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Woodward (WWD) fiscal Q1 results reflect year-over-year increase in income and revenues, primarily driven by sustained global passenger growth and robust sales volume in Aerospace segment.
Post the merger, existing Woodward (WWD) and Hexcel (HXL) shareholders will respectively own approximately 55% and 45% of the combined company, on a fully diluted basis.
Woodward (WWD) signs a merger agreement with Hexcel Corporation to fortify its position as an integrated systems provider in the global market by scaling up its operational efficiency.
Woodward and Hexcel are merging in an all-stock deal that would create one of the largest suppliers in the aerospace and defense industry. The companies say the tie-up will allow them to create more efficient aircraft that will reduce emissions, a big hurdle for the aerospace industry. “The future of flight and energy efficiency will be defined by next-generation platforms delivering lower cost of ownership, reduced emissions, and enhanced safety – and a combined Hexcel and Woodward will be at the forefront of this evolution," Hexcel CEO Nick Stanage said in a prepared statement.
The deal between the two U.S.-based companies is valued at about $6.43 billion based on Woodford's Friday close of $121.96, and values Hexcel at $76.23 per share, a premium of 4.5% from Hexcel's last close, according to Reuters calculations. The companies said existing Woodward shareholders would own about 55% and existing Hexcel shareholders would own some 45% of the combined company on a fully diluted basis after the completion of the merger. The combined company, which would form one of the world's biggest aerospace and defense suppliers, will be named Woodward Hexcel and is expected to generate net revenues of about $5.3 billion and EBITDA of $1.1 billion for each company's fiscal-year 2019.
Heico's (HEI) end markets, primarily consisting of commercial aerospace, defense and space, remain healthy and are expected to boost Q4 results.
GrafTech (EAF) delivered earnings and revenue surprises of -6.15% and -12.66%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
GrafTech (EAF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.