South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%

South Korea’s blue chip Kospi stock market lost almost a quarter of its value in 2022, ending down -24.9%, it was the weakest major Asian stock market this year with its worst performance since 2008. The Kospi was closed for a holiday on the last trading day of the year and closed down -3.3% for the week. Weakness in semiconductor stocks and internet giants particularly hurt the Index with Samsung Electronics being a major component and down 26% decline. Kakao was down … Continue reading “South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%”

Nauticus Robotics Stock Soars 96% after Awarded U.S. Defense Contract for Autonomous Amphibious Robot

Nauticus Robotics a Houston developer of autonomous ocean robots stock soared to 6.32 up $3.10 or 96.27% after it announced it had been awarded a second multi-million-dollar contract by the U.S. Defense Innovation Unit (DIU). The award was for the development of an amphibious unmanned system utilizing the Company’s autonomous command and control software platform, ToolKITT. This follows Nauticus’ previous DIU contract on February 15, 2022, where ToolKITT is being utilized aboard the U.S. Navy’s Defender Mission Specialist. The remotely operated vehicle systems … Continue reading “Nauticus Robotics Stock Soars 96% after Awarded U.S. Defense Contract for Autonomous Amphibious Robot”

Boeing Earnings Beat and Raise Outlook Despite Changing Geopolitical Climate

Boeing, the world’s largest aerospace company reported better than expected third quarter earnings and raised guidance before the market open Wednesday. $BA had been benefiting more than most from the Trump Administration.

Honeywell Raise Guidance on Aerospace Strength and Improved Margins

Industrial and aerospace heavyweight Honeywell $HON reported better than expected earnings on Friday before the market opened and also raised guidance.  Honeywell re-confirmed it would split two noncore units into separate publicly traded companies by years end.

Estonia and Sweden Prepare Residents For War With Russia

The Estonian and Swedish governments are both planning to publish a brochure to help prepare residents and households in the event of major crisis or a war. Both countries are critical to free passage for the Baltic Sea and historically have endured threats from Russia. Image NATO  Only last year Russian President Putin made claims to the Baltic states. Estonia Brig. Gen. Martin Herem in a recent interview with Estonian daily Postimees said the Ministry of the Interior is coordinating … Continue reading “Estonia and Sweden Prepare Residents For War With Russia”

Boeing $BA Raises Earnings Outlook on Higher Defense & Aerospace Revenue

Boeing $BA reported better than expected third quarter earnings, beating expectations and raising guidance before the market open Wednesday. Boeing has been the best performing Dow stock in 2017 and has benefited more than most from the Trump Administration.

Honeywell $HON Beat Earnings, Raised Guidance on Aerospace Strength

Industrial and aerospace heavyweight Honeywell $HON reported better than expected earnings on Friday before the market opened and reffirmed guidance.  Just last week Honeywell confirmed it would split two noncore units into separate publicly traded companies by years end.