Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Xerox (XRX) assumed with an Overweight at Morgan Stanley. 2. General Dynamics (GD) and Raytheon (RTN) were initiated with an Outperform at RBC Capital, while the firm initiated Boeing (BA) with an Underperform and initiated Lockheed Martin (LMT) and United Technologies (UTX) with a Sector Perform. 3. WWE (WWE) initiated with a Buy at Guggenheim. 4. Aaron's (AAN) initiated with an Overweight at Stephens. 5. Zendesk (ZEN) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Reports Q1 revenue $16.6B, consensus $15.22B. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Dave Calhoun, Boeing president and CEO. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."

Reports Q1 revenue $10.7B, consensus $10.32B. "Our businesses delivered solid operating results in the quarter, growing revenue and backlog, while expanding margins, even as we awaited G700 certification," said Phebe N. Novakovic, chairman and chief executive officer. "In the Aerospace segment, the recent FAA certification of the Gulfstream G700 has enabled us to begin customer deliveries. This is a strong start to 2024 and we remain confident in our outlook."

Lockheed Martin was awarded a $102.06M cost-plus-incentive-fee modification to previously-awarded contract for capability package development and fielding, system integration and fielding, and in-service sustainment in support of current configurations of the AEGIS combat system. Work is expected to be completed by December 31. The Naval Sea Systems Command is the contracting activity.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

During its earnings conference call, Lockheed Martin says expectations for FY24 remain unchanged. Will reassess guidance by the end of Q2. Says company off to a solid start in 2024. Thinking of 2025, has higher confidence on continued growth. Sees potential "re-balance of the workforce." Expects "stable growth" over the next five years.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here

Backs FY24 free cash flow view $6B-$6.3B; FY24 CapEx view ~$1.75B.

Backs FY24 revenue view $68.5B-$70B, consensus $69.51B.

Expects 2024 adjusted operating margin of at least 7.5%. Maintains three-year target of $300M of incremental adjusted operating income above 2023 levels and a return to double-digit adjusted operating income margin by 2026.