GO
Loading...

Aerospace Sector Will Lead Earnings Season: Analyst

Monday, 9 Jul 2007 | 4:04 PM ET
Airplane Takeoff
Airplane Takeoff

With earnings season kicking off after the bell Monday, Charles Rotblut, senior market analyst at Zacks.com, told "Power Lunch" that the aerospace sector will perform well.

"Boeing is doing very well," Rotblut said of the aerospace and defense corporation, as it had a successful launch of its new 787 Dreamliner jet over the weekend and currently has "close to" 700 airplane orders.

Rotblut also expects strong growth for airplane components makers, such as Precision Castparts .

Q2: Likely Winners
A look ahead to Q2 earnings and which companies are are likely to be winners, with Charles Rotblut, Zacks.com sr. market analyst, and CNBC's Bill Griffeth

He added that high air travel internationally and high defense spending by the United States each provide a "really good catalyst for a lot of companies within the aerospace sector."

As for areas that he expects will post weak earnings, Rotblut named the semiconductor sector and areas exposed to the housing weakness.

He said Micron Technology , a producer of semiconductor devices, reported a 30% to 35% decrease in flash memory prices due to pricing pressure.

He also expects that Advanced Micro Devices will post losses this year.

  Price   Change %Change
AMD
---
MU
---
CPMCF
---
BA
---

Contact

  • Showtimes

    United States
    Monday - Friday 1:00P ET
    Europe
    Monday - Friday 18:00 CET
    Asia Pacific
    Tuesday - Saturday 01:00 SIN/HK
    Australia
    Tuesday - Saturday 03:00 AEST
  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

Power Pitch

Kenny Polcari