UTX - United Technologies Corporation

NYSE - NYSE Delayed Price. Currency in USD
133.75
-1.50 (-1.11%)
At close: 4:03PM EDT
Stock chart is not supported by your current browser
Previous Close 135.25
Open 134.13
Bid 131.91 x 1000
Ask 134.10 x 800
Day's Range 133.55 - 135.46
52 Week Range 100.48 - 144.40
Volume 1,605,559
Avg. Volume 3,259,680
Market Cap 115.331B
Beta (3Y Monthly) 1.37
PE Ratio (TTM) 20.78
EPS (TTM) 6.44
Earnings Date Jul 22, 2019 - Jul 26, 2019
Forward Dividend & Yield 2.94 (2.06%)
Ex-Dividend Date 2019-05-16
1y Target Est 151.50
Trade prices are not sourced from all markets
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We are already at that level, and it's only May. * 10 Retirement Stocks That Won't Wilt in a Bear Market Further, seven Dow Jones stocks are up more than 20% in 2019. That's largely unprecedented for the Dow, especially this early in the year. Which stocks fall into that category? And will they keep rallying as market conditions remain favorable going forward? Let's take a deeper look. United Technologies (UTX)Source: Shutterstock YTD Gain: 26.7%The top Dow Jones stock thus far in 2019 is United Technologies (NYSE:UTX), with shares of UTX up nearly 27% year-to-date.This makes sense. United Technologies is an economic stock. When times are good, the stock works. When times are bad, the stock doesn't work. That's the nature of business when you sell big ticket items in the commercial aerospace, defense and building industries. Those industries need favorable economic conditions to do well. United Technologies has benefited from favorable economic conditions in 2019 (full labor market, low rates, renewed business confidence, etc), and that is why UTX stock has rallied in such a big way.Will it continue? Sure. So long as the U.S. economy remains healthy and trade issues get resolved, then UTX stock has clear runway to head higher for the foreseeable future. I think both of those things will happen. As such, I see UTX stock staying in rally mode for the balance of the year. Microsoft (MSFT)Source: Mike Mozart Via FlickrYTD Gain: 23.4%The second best performing Dow Jones stock so far in 2019 is Microsoft (NASDAQ:MSFT). Shares of the global technology giant have risen more than 23% year-to-date.The story here is pretty simple. Microsoft is all about the cloud. As goes the company's various cloud businesses (Azure, Officer 365, Dynamics 365, so on and so forth), so goes MSFT stock. Those cloud businesses slowed in late 2018 amid deteriorating global economic conditions. But as those global economic conditions improved in early 2019, Microsoft's cloud businesses regained momentum. As they did, MSFT stock moved higher. * 3 of the Best ETFs to Buy for a Play on Gold Stocks So long as these businesses continue to gain momentum, MSFT stock will remain on a winning trajectory. For the foreseeable future, Microsoft's cloud businesses should continue to gain momentum, mostly thanks to continued fundamental improvements across the global economy. As such, MSFT stock should continue to move higher throughout the rest of the year. American Express (AXP)Source: Shutterstock YTD Gain: 23.3%The third-best performing Dow Jones stock so far in 2019 is American Express (NYSE:AXP), the payments processing giant who has seen its shares rally more than 23% year-to-date.Broadly speaking, the big rally in AXP stock has everything to do with global economic improvements. When the economy is doing well, people tend to spend more on their Amex cards. Thus, as the global economy has improved over the past several months, consumer confidence has likewise improved and investors have implied this to mean that Amex's numbers are getting better.But that may not be entirely true. Amex's January quarter earnings report was a double miss. The April quarter missed on revenues. Across the board, growth is slowing, headlined by deceleration in volume and revenue growth. Thus, while investors are pricing in improvement, that improvement hasn't shown up yet. Meanwhile, AXP stock trades at a multi-year high valuation level of 15-times forward earnings.Overall, the rally in AXP stock may have come too far, too fast in 2019. This stock looks due for weakness here and now, as slowing growth will converge on a relatively rich valuation. Disney (DIS)Source: Richard Stephenson via Flickr (Modified)YTD Gain: 22.3%The fourth-best performing Dow Jones stock of 2019 is Disney (NYSE:DIS), as Disney magic has returned to the stock en route to a 22% year-to-date rally.The big story here? Streaming. Just as Microsoft is all about the cloud, Disney's gain is all about streaming. Long story short, the company has suffered over the past several years thanks to cord-cutting and a secular pivot away from linear TV, and towards internet TV. Now, Disney is aggressively pivoting into the internet TV arena. The company has already launched and built out ESPN+. Now, they have effectively bought everyone out and completely own Hulu. Next, they are launching their own streaming service, Disney+, which will be like the Netflix (NASDAQ:NFLX) for Disney content.Investors are rallying behind this huge streaming pivot. 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  • PR Newswire 5 days ago

    United Technologies Chairman & CEO Gregory Hayes Presents at Electrical Products Group Conference

    FARMINGTON, Conn. , May 14, 2019 /PRNewswire/ -- A webcast of United Technologies Corp. (NYSE: UTX) Chairman & CEO Gregory Hayes speaking at the Electrical Products Group Conference is scheduled for 11:30 ...

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  • Investing.com 7 days ago

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  • Markit 13 days ago

    See what the IHS Markit Score report has to say about United Technologies Corp.

    United Technologies Corp NYSE:UTXView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for UTX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting UTX. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.59 billion over the last one-month into ETFs that hold UTX are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. UTX credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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