Nov 21st, 2023 – One of the main news related to the US defense sector today is the 27 million dollars contract, signed by the joint venture Bell-Boeing (TXT/BA), according to which the two companies will provide platform engineering assistance during the development of the V-22 aircraft in Texas and Pennsylvania. Thanks to this important agreement, Boeing’s stock price rose by 1.05% tuesday.
A 3.6% growth was recorded by Metallic Minerals Corp. (MMG) shares. This change in price was mainly due to an important project carried out by the company: acquiring the Khoemacau copper mine and its previous owners, Cuprous Capital Ltd., for a total of $2 bln This investment is coherent with the increasing importance that MMG, whose main shareholder is China Minmetals, is giving to copper’s future world demand.
Moving to the Italian market, Generalfinance (GF) was one of the top-performing companies today, thanks to its stock price trend. In fact, the share value immediately moved from €8.50 up to a daily high of €8.70, it closed in the green, up by 2.35%. This great achievement is the result of a delayed effect the release of their Q3 earnings on November 10th had, showing an increase of 27% in net income and 12% in intermediation margin, as well as a financial and capital strength, far higher than what was imposed by Bank of Italy. Mcdonald’s is trying to rebuild its original presence in two relevant regions for the company in terms of earnings, Hong Kong and Macao, by buying back the Carlyle Group (CG) quotes in the Chinese activities of the US fast food corporation. The quotes selling for $1.8 billion led to a rise in Carlyle stock price between 0.96% and 0.98%.
Author: Piero Foberti