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Myles Walton of Deutsche Bank asks for an update on cash. $NOC said in terms of the cash on the F-35 aircraft, the company is currently on progress payments. As $NOC gets on contracts on LRIPS-9 and LRIPS-10, it will move to performance-based payments. This will liquidate some of the withhold mainly in the AS sector in terms of cash flow.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.