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by Tyler Durden Tuesday, Apr 27, 2021 - 08:31 AM While we wait for the day's main earning highlight, Q1 reports from Microsoft and Google both due after the close, it's been a busy morning with some of the most prominent companies reporting earnings in the premarket. Below we summarize some of the biggest market movers: United Parcel Service (UPS): Adj. EPS 2.77 (exp. 1.72), Revenue 22.9bn (exp. 20.49bln). UPS soared 8.1% in premarket trading after reporting stellar results including adjusted earnings per share for the first quarter that beat the average analyst estimate. Details: Revenue $...

GE Slips as Aviation Woes Show Much Remains on Culp’s To-Do List Bloomberg 1 hr ago Ryan Beene (Bloomberg) -- General Electric Co. shareholders are getting a reality check from the company’s first-quarter results, a mixed showing that underscored the work ahead for Chief Executive Officer Larry Culp and his turnaround push. Sales fell 12% to $17.1 billion, dragged down by the troubled jet-engine unit, GE said Tuesday. That trailed the $17.6 billion expected by Wall Street. Orders fell in aviation and two other manufacturing units and GE’s steady financial forecast made...

"That would be Eaton Corp PLC (NYSE: ETN)," the Gorden Haskett analyst said. The company has a 30% market share and is the largest low-voltage electrical equipment supplier in Canada and the United States, he said. Watch Benzinga's full interview with John Inch in the clip below. Eaton gets the double benefit of its favorable positioning based on its electrical businesses, and as an Irish company, it will not have to pay higher corporate taxes the way that everyone else will have to, Inch said.  GE, ETN Price Action: Eaton shares were down 1.58% at $139.06 at last check Tuesday. General E...

A This week marked one year since the World Health Organization declared the coronavirus outbreak a global pandemic, and what a year it’s been. But if you had been lucky enough to live under a rock and avoid the whole thing, the starting and ending data points for the manufacturing sector might leave you scratching your head as to what all the fuss was about. US manufacturing activity expanded in February at the fastest pace in three years, according to Institute for Supply Management data. Copper prices, a key indicator of industrial demand, are near a decade high. The S&P 500 Industr...

GE Sinks as $30 Billion Sale of Jet Lessor Fails to Impress Bloomberg 3/10/2021 Ryan Beene and Julie Johnsson (Bloomberg) -- General Electric Co. sank as investors reacted coolly to a much-anticipated $30 billion deal to sell its jet-leasing business to rival AerCap Holdings NV. The deal creates an aircraft-finance giant to be partly owned by GE and streamlines the manufacturer’s business model, but the announcement wasn’t accompanied by an upward revision in the company’s financial outlook that some on Wall Street had hoped to see. “Expectations were that this would...