Here is another batch of news briefings which could affect stocks on world markets in trading later today.
The following companies should see some movement: General Dynamics (NYSE:GD), Morgan Stanley (NYSE:MS), Coca-Cola Co. (NYSE:KO).
Here is a more detailed look at the news that will affect each company when trading continues.
General Dynamics (NYSE:GD)
Aerospace and defense operator General Dynamics (NYSE:GD) has announced that its unit Electric Boat received an order worth $7.3 million from the US Navy.
This new order is a part of the original contract awarded by the U.S. Navy, on October 2010. If the parties utilize all the options of the contract, the total value of the contract will reach $1.2 billion over three years.
Electric Boat is a part of General Dynamics’ Marine Systems and is involved in the design, construction and lifecycle support of submarines for the U.S. Navy. In the fourth quarter of 2010 the company expects operating margins at Marine Systems to be similar to that of the sequentially preceding quarter. General Dynamics expects this division to deliver an improvement in margins in a couple of years.
Morgan Stanley (NYSE:MS)
Morgan Stanley (NYSE:MS) analyst Mark Lipacis has raised his rating on Intel to Overweight from Equal Weight.
Lipacis notes that INTC has lagged the SOX by 12% over the past 6 months, and by 39% since the end of 2008.According to him the weak performance reflects concerns on inventories, a consumer PC slowdown, iPad cannibalization and gross margin erosion.
Lipacis said that “Looking forward, we think Intel’s new Sandy Bridge platform, which we expect will ramp in Q1 2010, will be viewed as one of the company’s most important product cycles ever. We think Sandy Bridge expands Intel’s addressable market into discrete graphics, and enables the next generation of smaller, optimized PC computing devices.”
Coca-Cola Co. (NYSE:KO)
Coca-Cola (NYSE:KO) has embarked on a European mission.
The Atlanta-based bottler turned over its North American business to Coca-Cola (NYSE:KO), thereby reducing its debt and picking up Norway and Sweden to boot.
The deal cut CCE’s revenue by about two-thirds, to about $7.3 billion. But top executives laud CCE’s reincarnation as a European business a quarter-century after Coca-Cola NYSE:KO) created it out of a group of U.S. bottlers.
John Sicher, editor of Beverage Digest said that “Western Europe has performed a bit better than North America over the last couple of years, but they’re both developed markets, Western Europe’s not a cakewalk, but it potentially has somewhat better growth prospects over the next few years than North America does.”
We could see more movement when trading continues for General Dynamics (NYSE:GD), Morgan Stanley (NYSE:MS) and Coca-Cola Co. (NYSE:KO).