What makes oil and natural gas stocks so appealing for long - term investors is that no other sector is situated so well to profit
from global growth in the future.
Not exact matches
Important factors that could cause actual results to differ materially
from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of
global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of
global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting
from cancellations, deferrals, or reduced orders by their customers or
from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations
from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover
from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition
from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The Great Stagnation: In «Why the
global economy may be doomed to lower
growth — maybe forever,» Simone Foxman gives four reasons why economic
growth may be much slower in the future: scarce resources, an aging labour force, stagnant technology
growth and externalities
from climate change.
«It's going to be critical for earnings
growth to kick in in order to sustain the bull market
from here and to be able to push stocks higher,» says Sarah Riopelle, vice-president and senior portfolio manager at RBC
Global Asset Management.
Growth: By 2024, Grand View Research predicts, the
global ready - to - drink coffee and tea industry, including refrigerated and shelf - stable products, will reach sales of $ 116 billion, up
from $ 71 billion in 2015.
«This whole internet thing doesn't appear to be going away anytime soon,» said a Cisco report
from 2013 which was looking at
growth trends in
global traffic.
A staggering amount of wholesale change is happening —
from unprecedented and widespread aging to rampant urbanization and
growth in a
global middle class to an eastward shift in economic power and a growing number of disruptive technologies.»
The
global smart transportation sector is expected to grow to US$ 138 billion by 2020, up
from US$ 46 billion this year, at a compound annual
growth rate of 24 %, according to analysis firm Markets and Markets.
«The good news is that the regional
growth is improving for both oil - importing and oil - exporting, yet the region is not fully benefiting
from the improvement in the
global outlook and this requires countries in the region to pursue the reform agenda,» he said.
Apart
from low productivity
growth, there are other downside risks to the
global economy.
In contrast to the new U.S. administration, Canada's Liberal government has remained positive on free trade, with prime minister Justin Trudeau and various members of his cabinet touting the economic
growth it creates and suggesting the country could benefit
from its continued openness to
global commerce.
All of which encouraged Barclays to nudge up its 2017 call for
global growth to 3.5 %,
from an expected 3.1 % this year.
«The
global M&A frenzy
from last year, along with all the bitcoin hype, really pushed these stocks into the stratosphere, to the point [of] five - year earnings
growth forecasts of 25 percent.
A report
from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S. housing market, increasing fiscal strain, expensive oil prices, sluggish corporate earnings
growth and disruptions in
global supply chains stemming
from the Japanese crisis.
As the enduring spread between WTI and the
global Brent benchmark shows,
global demand
growth is coming entirely
from emerging markets.
The bearish sentiment in Asia followed a softer lead
from Wall Street, which has led a
global equities rally over the past year thanks to strong world
growth fueling higher corporate earnings and stock valuations.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for
growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services
from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal
from the EU, on general market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Q1 2018 underlying revenue was EUR 12.0 million (or 8.5 %) higher than Q1 2017 at constant FX reflecting new revenue in aeronautical mobility
from the entry into service of SES - 15, further adoption of Medium Earth Orbit (MEO) services by the U.S. Government and additional
growth in
Global Government.
Aside
from the new premises, a foundation of Pressure Dynamics ambitious
growth strategy is a recent distribution agreement with
global engineering company Parker Hannifin Corporation.
Persistence Research has forecast that
global HPA demand will soar
from 25,315 tonnes in 2016 to 86,831 tonnes in 2024, representing a staggering annual compounded
growth rate of nearly 17 %.
Comprised of everything
from sales of videos to Apple Music subscriptions and iCloud online storage space, the unit has more room for
growth, Steven Pelayo at HSBC
Global Research noted.
If we assume a 2 - year average upgrade cycle for smartphones and
growth trends remain the same, the
global smartphone installed base will grow
from 2.2 billion in 2014 to about 4.2 billion by the end of 2017, according to our estimates.
Out of all the books I have read around entrepreneurship, business, and leadership success, this has hands down had the most impact on the
growth of myself, our business, and the development my own leadership skills as our team has grown
from a startup to a
global company with offices in London, Singapore, and New York.»
In terms of sector benefits, the firm upgraded industrials to overweight «as the sector benefits
from solid capex trends, anticipated tax reform, and strong
global economic
growth.»
The company, which became the top PC vendor in the second quarter, wresting the lead
from Lenovo, has now shown
growth in its
global PC shipments for five straight quarters.
Apart
from slowing
global demand, export
growth is seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent against the currencies of the country's main trading partners.
«For these companies, maintaining a presence in key
growth markets abroad is a priority, and so they are adapting to trends such as rising labor and shipping costs in China, rather than shying away
from opportunities in
global markets,» says Esch.
They are uniquely positioned to feed and benefit
from global economic
growth via their relative commodity advantages, yet at the same time they have massive domestic market expansion opportunities due to a surplus of under - utilized land or people.
The U.S. Department of Energy projects that
global energy consumption will increase by 53 % between 2008 and 2035, with most of that
growth coming
from the long - term economic expansion in Asian countries.
RBC Capital Markets reiterated its «overweight» recommendation first made in January, while Credit Suisse upgraded its recommendation on energy to «market weight»
from «underweight» last month, and its strategists cited strong earnings
growth along with a robust
global economy as factors.
The firm's likely hoping to capitalize on a significant opportunity — the
global direct - to - consumer genetic testing market is projected to grow at a compound annual
growth rate of 20 %,
from $ 117 million in 2017 $ 611 million by 2026, according to Credence Research.
Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales
growth of recently launched products, competition
from other products including biosimilars, difficulties or delays in manufacturing our products and
global economic conditions.
In recent years, China single - handedly accounted for about 15 per cent of
global GDP and half of
global growth — namely by sucking up the world's supplies of raw materials and using them to build everything
from high - speed railways to forests of apartment towers to house its 1.3 billion people.
«Everyone's wondering with an aging demographic, with challenges around
global growth, where are those next bits of
growth coming
from?
Readers are cautioned that these forward - looking statements are only predictions and may differ materially
from actual future events or results due a variety of factors, including, among other things, that conditions to the closing of the transaction may not be satisfied, the potential impact on the business of Accompany due to the uncertainty about the acquisition, the retention of employees of Accompany and the ability of Cisco to successfully integrate Accompany and to achieve expected benefits, business and economic conditions and
growth trends in the networking industry, customer markets and various geographic regions,
global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10 - K and Form 10 - Q.
This
growth will come
from Kayak expanding further into the hotel space, which has higher profit margins than airfares,
from its popularity in the mobile market, and
from using Priceline's
global expertise to beef up Kayak's international presence.
«Looking ahead, we expect further
growth from video ads, Instagram, and
global monetization,» he wrote in a note to investors.
Returns
from that era were boosted by a confluence of factors that are unlikely to come together again: declines in inflation and interest rates, strong
global GDP, low corporate tax, and rapid
growth in China.
More than 80 % of
global GDP
growth in 2012 is expected to come
from emerging markets.
«We don't completely know (why),... But one of the ingredients is that maybe somehow technology and globalization is putting downward pressure on wages and prices and that's holding back inflation
from competitive pressures but we're seeing
global growth,» he said.
«The
global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit
from job and wage
growth,» Dimon said.
Given the
growth in
global mobile money accounts, remittance companies like WorldRemit will benefit
from partnering with as many mobile money firms as possible.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain
growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain
global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results
from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data
from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified
from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
And Sequoia is definitely making an enormous leap
from a previous $ 2 billion raise for its most recent
global growth fund in 2015 that was disclosed in June.
Global Brand Building Officer Marc Pritchard has pushed for a faster shift toward programmatic digital buying in recent months, said people familiar with the matter, which comes as P&G has been under investor pressure to get more
from its ad budget amid slower
growth.
According to a Bain analysis, 45 % of TSR
growth at publicly traded
global healthcare companies over the past five years came
from an expansion of price - to - earnings multiples — that is more than
growth from either revenue or earnings.
Moving forward, Navigant Research projects a compound annual
growth rate (CAGR) of
global e-bike sales of 0.4 %
from 2016 - 2025, which reflects an «anticipated decline» of -0.8 % CAGR in China's e-bike sales over that period.
According to sources close to the situation, the high - profile venture capital firm Sequoia Capital is in the early stages of raising a third
global growth fund that could range
from $ 5 billion to $ 6 billion.
Global oil demand has not yet risen to offset higher supply, but we expect sustained above - trend economic
growth globally to support oil demand
from here.
«The
growth impulse coming
from China will support the market's
global economy for the next six to 12 months, and that is what is going to drive the markets far more than anything else,» Memani said.