United Technologies (UTX)
Through $21.6 in deal making, United Technologies has moved from being diversified to ultra-diversified. In September, United Technologies did its biggest ever merger buying plane landing gear and aerospace equipment maker Goodrich (GR) for $18.4 billion to bolster its Hamilton Sundstrand engines divisions.Through deals in recent years, the company is trying to diversify its businesses that already contains Carrier air conditioners, Otis elevators and UTC Power, and a specialty in aerospace with Hamilton Sundstrand airplane systems, Pratt & Whitney aircraft engines and Sikorsky helicopters. Overall, deal like the Goodrich purchase and a buyout of a joint venture with Rolls Royce are bolstering United Technologies' commercial aircraft sales. With Goodrich and its Rolls Royce partnership added, United Technologies' Pratt & Whitney plane engines division may soon become its largest revenue source, while its Hamilton Sundstrand aerospace division may become company's fourth largest division, leapfrogging UTX Fire & Safety and Sikorsky. After a steep fall in the crisis, United Technologies' stock reached all-time highs above $90 a share this July as profits accelerated. A recent surge in both Boeing (BA) and Airbus plane orders prove that commercial airlines are looking to upgrade their fleets, signaling that United Technologies is positioning itself well.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV