Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
Speaking after Chinese authorities approved United Technologies' purchase of aircraft parts manufacturer Rockwell Collins — the final hurdle in a 14-month-long process — Cramer said that prospective buyers should watch out for the external risks to the industrial's business.
"You can't own United Technologies in a vacuum," he said on "Mad Money." "At the end of the day, the stock's still hostage to President Trump's negotiations ... with China and the Federal Reserve's interest rate decisions. "
United Technologies, a massive company that makes Otis elevators, climate-control and security systems and aerospace components, is widely viewed as cyclical, or tied to the success of the broader economy. Its $23 billion acquisition of Rockwell Collins was a move to bolster its contributions to the average new plane, giving it bargaining power akin to that of Boeing or Airbus.
The company also announced on Monday its intention to break its key segments into three parts and the completion of its Rockwell Collins deal. Cramer said the split "could be a major boon for you, the shareholder."
But tariffs are hitting United Technologies' business on both sides, Cramer said. The Trump administration's duties on steel and aluminum are raising costs for key raw materials, while retaliatory tariffs from China, the company's third-largest end market and top source of growth, are weighing on its overseas sales.
The Federal Reserve's plan for raising interest rates — one hike in December followed by three more in 2019 — has only further weighed on United Technologies' prospects because of its cyclical nature, Cramer warned.
"Those concerns have not gone away, but with ... Rockwell Collins, this becomes a very different, much more positive story," he said. "All of a sudden, United Technologies can get moving with its breakup and, by all accounts, things could move very quickly from here."
Cramer added that the value potential of all three business — especially aerospace, now that Rockwell Collins is in the fold — make United Technologies' stock worth considering.
"I think United Technologies' stock has come down so much that it's worth starting to invest here, because the share price reflects a lot of negativity and not much chance of anything going right, and, of course, you've got a really positive catalyst," he said. "That said, there are some real headwinds here and you need to take them into consideration before you pull the trigger, and I certainly would urge you not to buy all at one price."