356.01 0.00 (0.00%)
After hours: 5:01PM EDT
|Bid||356.07 x 2200|
|Ask||356.22 x 800|
|Day's Range||354.35 - 369.69|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||40.82|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||8.22 (2.42%)|
|1y Target Est||410.32|
The FAA is looking for pilots with experience on the MAX to assist with simulator testing that will be required as part of the process of approving the jet's return to service.
U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. Another potentially market-moving event today is an address by Federal Reserve Chair Jerome Powell to economists that could provide further insight into the future path of interest rates.Source: Shutterstock Against this backdrop, futures on the Dow Jones Industrial Average are down 0.52%, and S&P 500 futures are lower by 0.50%. Nasdaq-100 futures have shed 0.75%.In the options pits, call volume won the day Thursday even as overall activity fell below-average levels. Specifically, about 14.8 million calls and 13.3 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the spread between calls and puts narrowed, driving the single-session equity put/call volume ratio back up to 0.74 -- a one-week high. The 10-day moving average held its ground at 0.72.Options activity was buzzing in Gap (NYSE:GAP), Boeing (NYSE:BA) and Amazon (NASDAQ:AMZN), among others.Let's take a closer look: Gap (GPS)The drumbeat of retail earnings continued this morning with Gap. This season some companies like Target (NYSE:TGT) have dazzled while others like Macy's (NYSE:M) have disappointed. Gap split the difference posting mixed results. * 10 Stocks to Own Through a Global Recession For the fiscal second-quarter, the company raked in adjusted earnings-per-share of 63 cents versus estimates of 53 cents. On the top line sales came in at $4.01 billion versus $4.02 billion expected. Same-store sales were particularly disappointing, falling 4% versus an expected decline of 3.1%.GPS stock is trading down just shy of 5% premarket. Because it rallied a similar amount yesterday in anticipation of this morning's event, the damage isn't that bad. The price trend for Gap shares has been bearish for ages, and this report will do little to change the overall posture. If you are shopping in the land of retail stocks, I suggest steering clear of this one until it can at least break above short-term resistance levels such as the $19 zone.As far as options trading goes, speculators favored calls throughout the day. Activity zipped to a whopping 1,186% of the average daily volume, with 119,063 total contracts traded; 70% of the trading came from call options alone.Implied volatility was running hot ahead of this morning's report. At 73%, it was perched at the 100th percentile of its one-year range. Premiums were baking in a move of $2.23 or 12.6%. So with the stock only falling 4.8%, it's fair to say options buyers way overpaid for their wares. Boeing (BA)Negative news surrounding Boeing's 737 MAX jets has hounded the stock for months now. But yesterday the ailing aerospace juggernaut finally received some good news. According to a Reuters report, the company is planning to begin manufacturing 737 MAX jets again in February at an initial pace of 52 planes per month. The plans hinge on regulators giving the green light for the aircraft to fly once more.BA stock took flight on the news, climbing 4.2% on its highest volume session of the month. The gains were enough to carry the stock north of its 50-day moving average for the first time since last month's earnings ugliness ushered it to the south side of the indicator.Much work remains before BA stock reclaims its former glory, but Thursday's rally could be the first step in reversing its downtrend higher. Look for a run toward the next resistance zone at $380.On the options trading front, call popularity popped alongside the stock. Total activity grew to 67% of the average daily volume, with 211,756 contracts traded. Calls claimed 67% of the take.Implied volatility lifted slightly reflecting increased demand for derivatives. At 29% it now sits at the 30th percentile of its one-year range. Premiums are pricing in daily moves of $6.53 or 1.8% so set your expectations accordingly. Amazon (AMZN)Resistance hangs heavy over Amazon shares, rejecting yet another rally attempt on Thursday. The $1,830 zone has denied no less than five breakout bids over the past month. Yesterday marked the latest rejection ending with a bearish reversal candle. The descending 20-day moving average is also now exerting downward pressure on the shares.On a bright note, the clarity of where resistance lies makes it easy to identify when and if one should become bullish on AMZN stock. If we can close above $1,830, then swing away with bull plays. Otherwise, sellers hold the upper hand. * 7 Internet of Things Stocks to Buy Now The action on the options trading side wasn't all that exciting, and yet AMZN still landed atop the leaderboard. Calls outpaced puts by a slim margin despite the price drop. Activity fell short on the session adding to 92% of the average daily volume, with 153,276 total contracts traded. Calls accounted for 53% of the session's sum.Implied volatility held firm at 25% or the 10th percentile of its one-year range. Premiums are cheap, which increases the appeal of long option plays like debit spreads. Premiums are baking in daily moves of $28.59 or 1.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Friday's Vital Data: Gap, Boeing and Amazon appeared first on InvestorPlace.
American Airlines (AAL) stock is going through turbulent times. AAL has lost 17.4% of its market value YTD, underperforming the broader market.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted. Trump cannot legally compel U.S. companies to abandon China immediately.
DOW UPDATE The Dow Jones Industrial Average is trading up Friday morning with shares of Boeing and UnitedHealth delivering the strongest returns for the price-weighted average. The Dow (DJIA) is trading 24 points higher (0.
Investing.com – Stocks slumped on Friday as the U.S.-China trade dispute intensified and President Donald Trump announced he was ordering U.S. companies with China facilities to move them somewhere else.
Wall Street closed mixed on Thursday as investors waited for Fed Chair Jerome Powell???s speech scheduled on Aug 23 at the central bank's economic policy symposium in Jackson Hole, WY.
Stocks were back and forth, in the red and in the black, for the better part of Thursday's action. When push came to shove as the closing bell approached though, neither side of the table was doing much shoving. The S&P 500 closed a mere 0.05% lower yesterday.Source: Shutterstock It wasn't because some names didn't do their part. Boeing (NYSE:BA) rallied more than 4% after announcing it had won a respectable contract from the Department of Defense to upgrade wings on the more than a hundred A-10 attack aircraft. But, investors may have been further encouraged by word that the aircraft maker was planning on ramping up output of the beleaguered 737 MAX. That news suggests customers believe the passenger jet can be made safe.There were just too many names like Splunk (NASDAQ:SPLK) holding the market down. Shares of the software company fell nearly 8% despite a solid quarterly report, as Splunk also announced an acquisition investors aren't entirely convinced is a great idea for the $1 billion it's paying for the deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Own Through a Global Recession Neither are great prospects headed into Friday's trading, however. Rather, stock charts of Nvidia (NASDAQ:NVDA), Albemarle (NYSE:ALB) and HP (NYSE:HPQ) have earned closer looks. Here are those looks. HP (HPQ)HP shares have been all over the map since late last year, and weren't exactly a picture of stability for the better part of the past three years. The selloff since October, however, has not only been bearish, but well framed by clear support and resistance levels.The bad news is, that trading range is steering HPQ stock lower, and there's more downside to go before the floor is bumped into again. Perhaps worse, the bearish momentum is starting to build in a way that portends lower lows are imminent. * Click to EnlargeAlthough choppy, HP has framed a bearish channel, marked with yellow dashed lines on both stock charts. HPQ stock is moving towards that floor, but remains nearly two points above it right now. * It's not yet consistent, but the volume behind several of the most recent selloffs has been above average. * With no other framework in sight that could serve as a landing spot now; the next most likely technical floor is the Fibonacci retracement line at $15.85. Nvidia (NVDA)Nvidia was one of the hardest-hit names last year, sent lower in step with the broad market's weakness, which was exacerbated by a meltdown of the crypto-mining industry.NVDA stock has been working on a recovery since late last year though. It has not been able to form one just yet, but it continues to try. The end result is a well-made set of support and resistance lines. Better still, Nvidia stock is close to punching through the upper boundary. * 7 Internet of Things Stocks to Buy Now * Click to EnlargeThe support and resistance lines in question are marked as blue line on both stock charts. The upper boundary is being tested again this week. * Although not yet above straight-line support, this week NVDA stock has pushed its way back above the gray 100-day moving average line and the white 200-day line. * It has not yet firmed up, but there's above-average bullish volume materializing here and it has been enough to let the weekly chart's Chaikin line move back above the zero level. Albemarle (ALB)Finally, Albemarle has been in something of a nosedive since early last year. Although it has seen the occasional rebound effort, each one of them has been met by a move to lower lows.There has been a method to the madness, however. Each lower low and each lower high has contributed to the establishment of a well-defined, falling trading range. The current trajectory is clearly downward, but that doesn't necessarily mean ALB has to stay on the path. It does, however, suggest there's room for a little more downside before traders have to make a decision. * Click to EnlargeIt's plotted on both stock charts, with dashed blue lines. Either way, it's clear Albemarle shares are being squeezed into the tip of a narrowing wedge pattern that will force a decision. * Although the descending wedge is currently bearish, and the gray 100-day moving average line is now resistance, the whole move could fuel an explosive move higher if the upper boundary can be snapped. * And although the converging support and resistance could be building up a major breakout move, for the time being, ALB stock looks like it's aiming to test the lower boundary around $60, marked with a yellow arrow.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post 3 Big Stock Charts for Friday: HP, Nvidia and Albemarle appeared first on InvestorPlace.
The Boeing Company may have recovered slightly in recent days, but airlines are on a troubling course. At least, that’s what one technical indicator shows in All Star Charts Institutional’s Top 10 Charts of the Week. “Airlines had begun to improve on both an absolute and relative basis, but were shot down out of the […]
Investing.com - U.S. stocks traded lower Friday after Federal Reserve Chairman Jerome Powell reiterated that the central bank will act “as appropriate” to sustain the economy, in a speech that also blamed trade policy for much of the global economic slowdown.
Boeing's grounded MAX jets could be certified and back in service as early as October, sources with knowledge of the matter tell the Seattle Times.
(Bloomberg) -- U.S. regulators are turning to a variety of Boeing Co. 737 Max pilots, including some with relatively little experience, to help test revamped flight-control software aimed at returning the jetliner to commercial service, according to the agency and people familiar with the matter.The Federal Aviation Administration has asked for “a cross-section of line pilots” from airlines around the world that operated the Max, it said in a statement Thursday. The flight crews are part of the testing process underway before the plane can be returned to service after two crashes in less than five months.The agency wants to determine how aviators with no more than one year of 737 experience and at least one Max flight react to software updates, said some people familiar with the request, who asked not to be identified because the deliberations are private.At one carrier, the FAA asked for two sets of pilots in the testing, one group of seasoned captains and another group of co-pilots with between nine and 18 months of experience on the plane, said one person.The FAA in its statement disputed that it was seeking relatively inexperienced crews. “The FAA has not specified a certain number of hours of flight experience for these crews beyond the requirement that they have previous experience at the controls of the Boeing 737 Max,” the agency said.There is no schedule for the tests, the FAA added. They must be completed before the plane re-enters service. Boeing has said it plans to file its formal application to recertify the jet by the end of September.The request was earlier reported by Reuters. American Airlines Group Inc., Southwest Airlines Co. and United Airlines Holdings Inc. all have Max models in their fleets.Boeing didn’t immediately respond to a request for comment.American regulators grounded the Max March 13 after the second of the crashes. The two accidents killed a total of 346 people.Safety investigators have linked the crashes, in Indonesia and Ethiopia, to a flight-control feature called the Maneuvering Characteristics Augmentation System, or MCAS, which pushes the 737 Max’s nose down in certain situations. In June, the FAA identified a separate software problem in which the flight computer tried to lower the jet’s nose in response to a stream of erroneous data.Like many systems on the plane, the MCAS software was originally approved by the FAA on the assumption that a typical pilot would be able to handle a malfunction and prevent a crash. Calling in pilots from around the world isn’t typically done during certification testing and shows the lengths to which the FAA is going to assure that it understands how pilots will respond to similar emergencies.Southwest, the largest Max operator, has removed the plane from its schedule until early January. American and United have changed their Max schedules through early November.\--With assistance from Mary Schlangenstein.To contact the reporters on this story: Justin Bachman in Dallas at firstname.lastname@example.org;Alan Levin in Washington at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, John Harney, Jon MorganFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CHICAGO/WASHINGTON, Aug 22 (Reuters) - The U.S. Federal Aviation Administration said on Thursday it would invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal crashes. In a statement, the FAA said it had not specified the number of required hours of flight experience, but said the candidates would be a cross-section of line pilots and must have experience at the controls of the MAX. Boeing Co's latest 737 narrow-body model, the MAX, was grounded worldwide in March after two crashes within five months in Indonesia and Ethiopia that killed 346 people.
A dispute over budgeting processes could delay NATO's efforts to finalize a $1 billion contract to extend the life of 14 aging Boeing E-3A surveillance aircraft, often called NATO's "eyes in the sky," sources familiar with the program said. NATO officials have invited the 16 member nations in the Airborne Warning & Control System, or AWACS, program to an extraordinary meeting on Sept. 12 to mark the program's 40th anniversary and resolve the budget dispute, the sources said. Unless the issue is resolved soon, the contract will not be awarded to Boeing in time to be announced as planned at the Dec. 3-4 NATO summit in London, the sources said.
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy. Data from the U.S. Labor Department showed initial claims for state unemployment benefits dropped more than expected last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
Denver-area companies made the rocket, the satellite and the ground-control technologies used Thursday.
The Dow Jones Industrial Average was the sole gainer in the stock market today after shaking off hawkish remarks from Fed officials.
Boeing is the only dow component in the green amid the market selloff. This as The Seattle Times says the grounded 737 Max jets could be back in the air as early as October. Yahoo Finance's Akiko Fujita, Jared Blikre and Dan Roberts discuss.