Caterpillar Union CROSSING the Line and 3 Dow Movers Fueling the Market

Boeing Co. (NYSE:BA) raised its earnings guidance for the current year to between $4.40 and $4.60 from $4.15 to $4.30 against consensus of $4.56, pointing to a strong core operating performance. The firm at the same time raised its revenue guidance to between $79.5 billion and $81.5 billion with consensus of $79.54 billion, citing higher Defense, Space & Security revenues, and affirmed its 2012 operating cash flow outlook In a statement, Boeing said that, “Increased revenues and strong operating performance across both our major businesses drove significantly improved first-half 2012 results for Boeing. Commercial airplane deliveries increased 27 percent in the second quarter, and our defense, space and security business also produced higher revenues and strong margins in a difficult market environment. As a result of this solid first-half performance, we have strengthened our outlook for the year, and our people remain focused on disciplined execution, quality and productivity, and meeting customer commitments.”

Don’t Miss: Boeing Earnings: BEATS Forecasts.

Bank of America Corporation’s (NYSE:BAC) America Merrill Lynch was among a group including Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS), who won CDOs in the auction from the Maiden Lane III portfolio, held by the New York Federal Reserve Bank. Meanwhile, Credit Suisse Group (NYSE:CS) was clearly leading the bidding for $3.5 billion of complex mortgage debt sold yesterday from the Fed’s crisis-era portfolio, according to the Wall Street Journal.

Caterpillar Inc. (NYSE:CAT) union workers appear to be crossing the picket line in larger numbers, says the Wall Street Journal. Caterpillar said that 95 of the International Association of Machinists and Aerospace Workers members had returned out of around 780, in Joliet, Illinois, three months into their strike.

Cisco Systems, Inc. (NASDAQ:CSCO): Worldwide shipments of white-box tablet PCs are now projected to reach 40 million units during the current year, which is up from the original forecast of 30 million, against rising demand in emerging markets which is driving the charge, according to Digitimes.

Investing Insights: Wall St. Brief: Apple PLUNGES After Earnings Miss, Netflix FALLS 17%.

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