Список проголосовавших за комментарий " Sector Summary: Industrials trade higher than the broader market; General Dynamics +4.7% on Q4 EPS beat<p>The Industrials sector (<strong>XLI</strong>) is trading -0.1% today, higher than the broader market (<strong>SPY</strong> -0.4%). In the Industrial Sector big names like Honeywell (<strong>HON</strong> +0.5%), General Dynamics (<strong>GD</strong> +4.7%), and American Airlines (<strong>AL</strong> -5.4%) report quarterly results. </p><p><strong>Earnings/Guidance</strong></p><ul><li>Honeywell (<strong>HON</strong> +0.5%) reports Q4 earnings of $1.74 per share, in-line with the Capital IQ Consensus of $1.74; revenues were unchanged from the year-ago period at $9.98 bln.<ul><li>No change to EPS outlook despite the stronger U.S. dollar; Currency headwinds will bring down full year reported sales outlook by about 1.5%.</li><li>Difference in 2017 sales from outlook call is solely related for FX assumptions.</li><li>Free cash flow forecast remains in the range of 4.6 to 4.7 that's up 5% to 7% from 2016.</li><li>Tax rate may be more volatile quarter to quarter depending on the number of employee stock options.</li></ul></li><li>General Dynamics (<strong>GD</strong> +4.7%) reports Q4 earnings of $2.62 per share, $0.08 better than the Capital IQ Consensus of $2.54; revenues rose 5.4% year/year to $8.23 bln vs the $8.29 bln Capital IQ Consensus.<ul><li>General Dynamics on call sees FY17 EPS of $9.5-9.55 vs $10.08 Capital IQ Consensus Estimate; sees revs of $31.35-31.4 bln vs $31.98 bln Capital IQ Consensus Estimate</li></ul></li><li>American Airlines (<strong>AAL</strong> -5.4%) reports Q4 earnings of $1.48 per share, excluding non-recurring items, $0.57 better than the Capital IQ Consensus of $0.91; revenues rose 1.7% year/year to $9.79 bln vs the $9.74 bln Capital IQ Consensus.<ul><li>0.4 percent increase in total available seat miles (ASMs).</li><li>TRASM was 14.90 cents, up 1.3 percent versus the fourth quarter 2015, the first year-over-year increase since the fourth quarter of 2014.</li></ul></li><li>Sumitomo Mitsui (<strong>SMFG</strong> -1.8%) reports 9-months EPS of JPY398.07; Ordinary income increased 5.1% YoY to JPY3.76 trln.</li></ul><p>Additional Industrials reporting earnings/guidance: <strong>SRCL</strong> -3.3% <strong>RHI</strong> -8.8% <strong>BDC</strong> -2.3% <strong>MOG.A</strong> +3.8% <strong>SWFT</strong> -1.1% <strong>HTLD</strong> -2% <strong>ATSG</strong> +4.9% <strong>MRTN</strong> -0.6% <strong>CMRE</strong> +1.7% <strong>GLOP</strong> +2.9% <strong>KEYW</strong> -15.6%</p><p><strong>News</strong></p><ul><li>Airbus (<strong>EADSY</strong> -0.1%) reports helicopter orders increased 5% YoY, in-line with co's targets</li></ul><p><strong>Broker Research</strong></p><p><strong>Upgrades</strong> </p><ul><li>Caterpillar (<strong>CAT</strong> +1%) upgraded to Outperform from Market Perform at Wells Fargo.</li><li>Primoris Services (<strong>PRIM</strong> +4.2%) upgraded to Buy from Hold at Canaccord Genuity.</li><li>Emerson (<strong>EMR</strong> +0.1%) upgraded to Neutral from Sell at Goldman.</li><li>Safe Bulkers (<strong>SB</strong> -1.7%) upgraded to Buy from Hold at DNB Markets.</li></ul><p><strong>Downgrades</strong></p><ul><li>Willis Towers Watson (<strong>WLTW</strong> -1.5%) downgraded to Neutral from Buy at BofA/Merrill.</li><li>JetBlue (<strong>JBLU</strong> -5.6%) Airways downgraded to Underperform from Peer Perform at Wolfe Research.</li><li>JetBlue (<strong>JBLU</strong> -5.6%) Airways downgraded to Hold from Buy at Argus</li><li>Gabelli & Co downgrades Rockwell Autiomation (<strong>ROK</strong> -0.5%) to Sell from Hold and sets a 2018 PMV of $150.</li></ul><p><strong>Other</strong></p><ul><li>Cowen raises their Southwest (<strong>LUV</strong> -1%) tgt to $57 from $55.</li><li>Timken (<strong>TKR</strong> +3.4%) added to Conviction Buy List at Goldman.</li><li>RBC Capital Mkts raises their Caterpillar (<strong>CAT</strong> +1%) tgt to $85 from $82 They rate CAT SP.</li><li>RBC Capital Mkts raises their CSX (<strong>CSX</strong> -1.8%) tgt to $65 from $42.</li><li>Tutor Perini (<strong>TPC</strong> -5.7%) initiated with a Sector Weight at KeyBanc Capital Mkts.</li><li>RBC Capital Mkts raises their Oshkosh (<strong>OSK</strong> +0.2%) tgt to $79 from $74.</li><li>Stifel raises their Dover (<strong>DOV</strong> -1.2%) tgt to $85 from $76.</li><li>Stifel raises their L-3 (<strong>LLL</strong> +1.3%) tgt to $170 from $162 after earnings.</li></ul>"