BLL Stock Recent News

These sustainable stocks for 2024 should be on your watchlist, not only for their potential to generate solid returns but also for their contribution to a more sustainable and environmentally friendly future. What's best is that these companies also trade at reasonable valuations, and I also believe that they have the potential to surge higher as the world is presently far behind its carbon-neutral goals.

Britain's BAE Systems said its $5.5 billion purchase of Ball Corp's aerospace business would help it meet the soaring demand for munitions seen since the invasion of Ukraine, underscoring the impact the war has had on the sector.

Ball Corporation (NYSE:BLL) shares jumped more than 5% in Thursday premarket trading after it agreed to sell its aerospace division to BAE Systems PLC (LSE:BA.) for US$5.55 billion in cash.

Cisco Systems Inc.'s CSCO stock initially tumbled before rising 4% after the computing giant reported fiscal fourth-quarter results. The company issued conservative full-year 2024 guidance that spooked some investors.

BAE Systems PLC (LSE:BA.) has bought Ball Corp's aerospace division for $5.5 billion in a deal it described as “compelling.

Ball Corporation is a Dividend Challenger stock with six consecutive years of dividend growth. The company's financials show positive revenue and earnings growth but negative free cash flow and increasing long-term debt. Ball's valuation is relatively low compared to its historical average, but its stock performance has underperformed the S&P 500.

Private equity firms Blackstone Inc and Veritas Capital Fund Management LLC are competing against large defense companies to acquire the aerospace business of Ball Corp , according to people familiar with the matter.

Ball Corp , the world's largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion.

Well, it only took a little over a year, and a massive increase in the federal funds rate, but the inflation that has dogged the American consumer since early 2021 is finally subsiding.

Ball is the largest producer of aluminum beverage cans in the world and is still investing in expanding its production. Q1 was weak despite posting an adjusted EPS increase compared to Q1 last year.