355.71 +0.81 (0.23%)
After hours: 7:52PM EDT
|Bid||355.40 x 1100|
|Ask||355.71 x 2200|
|Day's Range||354.80 - 361.40|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||20.32|
|Forward Dividend & Yield||8.22 (2.18%)|
|1y Target Est||N/A|
United Airlines is canceling another month's worth of flights with Boeing 737 Max planes that were grounded after two deadly accidents.
U.S. President Donald Trump, declaring a national emergency because of tensions with Iran, swept aside objections from Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. The Trump administration informed congressional committees that it will go ahead with 22 military sales to the Saudis, United Arab Emirates and Jordan, infuriating lawmakers by circumventing a long-standing precedent for congressional review of major weapons sales.
gets some news about the flight availability of its beleaguered 737 MAX jet, the company may face a probe about the plane from the Securities and Exchange Commission, according to a published report. The equity market regulator is expected to review whether the company was forthcoming to investors about potential problems with the aircraft, which has been involved in two deadly crashes over the past eight months, Bloomberg reported. The agency also is reviewing Boeing's accounting to make sure its financial statements accurately have prepared shareholders for potential impacts from the grounding of the plane.
The Boeing 737 Max could be grounded even longer as the FAA reportedly expands its safety review to include older 737 models.
Key indexes capped a volatile week with modest gains in today's stock market, with the Dow Jones industrials and small caps taking the lead.
The stock market correction intensified this week along with China trade war fears. Qualcomm and other chipmakers dived. So did department stores and Tesla.
Trouble continues for the Boeing 737 Max as the SEC reportedly probes financial disclosures about the jet's grounding. But Boeing stock rose.
Elon Musk's space company revealed Friday that it raised $1 billion in recent months, a day after the successful SpaceX launch of the first operational satellites for a space-based internet.
CHICAGO/SEATTLE (Reuters) - United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes. United, which operates 14 737 MAX jets, said the decision would lead to about 40 or 45 daily canceled flights. The Chicago-based carrier joins rivals Southwest Airlines Co and American Airlines Group Inc which had already suspended 737 MAX flights into August as global carriers await regulatory approval for the aircraft to fly again.
Leaders of some of the top industrial companies gathered this week in Coral Gables, Florida, for an annual spring confab that’s known almost as much for its golf rounds as for its revelations about M&A and strategic overhauls. One thing this year’s Electrical Products Group Conference was notably light on was fresh macroeconomic insights – but not for a lack of questioning from analysts and investors. Wary perhaps of reigniting the panic sparked last year when Caterpillar Inc. warned of a “high watermark” in its profits, some CEOs just dodged the subject.
Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems with the plane, said the people who asked not to be named because the probe isn’t public. The SEC inquiry is in its early stages and the regulator’s investigations often don’t lead to allegations of misconduct.
The Dow Jones and other stock indexes held modest gains Friday afternoon after Thursday's sell-off. Boeing stock outperformed in the Dow.
A "degree of progress" is being made on understanding the causes of the accidents; the engagement between Boeing and various aviation authorities; and advancing upgrades to the MAX. Although there is a collaborative approach amongst aviation authorities, even if timelines are not synced.
New orders for U.S.-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories. The report from the Commerce Department on Friday also showed orders for these goods were not as strong as previously thought in March and shipments were weak over the last two months, indicating that manufacturing was fast losing ground. Boeing's move to cut production of its troubled 737 MAX aircraft is also hurting manufacturing.
Small caps led the stock market Friday afternoon as indexes came off session lows. Boeing gave the Dow its best boost of the day.
Do you want market-weight exposure with less chance of being on the losing side of the trade war off and on our price charts? Then look no further than Nasdaq heavyweight Microsoft (NASDAQ:MSFT) and get ready to buy MSFT stock. Let me explain.Source: Shutterstock For more than a few years, if investors wanted above-average market returns and growth leadership from one of the market's mega-capitalization stocks, there was no better bet than Apple (NASDAQ:AAPL).But in today's stock market it's all about MSFT stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere was a time when Microsoft felt like the slow, out-of-shape kid waiting to get picked in a schoolyard game -- the one that nobody really wanted on their team. The period largely coincided with AAPL stock's heyday and legendary bull run out of 2009's financial crisis abyss. Don't get me wrong though, MSFT stock still rallied alongside the broader market and enjoyed outsized gains of its own.Still, MSFT stock was certainly no Apple. In fact it took a gain of 300% from the March 2009 bottom through October 2016 before Microsoft even managed to claim new all-time-highs and shed its dot-com bubble high of $60 a share. But in today's market, Microsoft has transformed itself into the world's largest capitalization company. Much of this success is attributed to what I like to call a rebooted Microsoft Version 2.0. * 5 Safe Stocks to Buy This Summer In the past few years, Microsoft has successfully branched out from being simply, albeit a dominant a PC software company into leaner and meaner entity that's winning in exciting growth markets like the cloud with its Azure platform or artificial intelligence. The numbers speak for themselves, most recently a month ago, when MSFT stock delivered another profit-topping report backed by solid growth prospects.The performance is all the more impressive as it's happened despite the trade war between China and U.S. and what's become a definite drag on many diverse market heavyweights like Apple, Amazon.com (NASDAQ:AMZN), Boeing (NYSE:BA) and Intel (NASDAQ:INTC). And Microsoft's story becomes even better in today's market if investors simply look at the MSFT stock price chart. MSFT Stock Weekly ChartIt was during last winter's ubiquitous market correction where MSFT stock really began to demonstrate its technical leadership. First, in a good sort of way, shares of Microsoft failed to match the broader indices' descent into bear market territory. Specifically, its corrective move of 19% fell short of the 20% benchmark and compared favorably to the Nasdaq's loss of around 23%.Secondly, at their lows shares of Microsoft also managed to find support above its 38% retracement level. At the same time, the Nasdaq sunk deep enough to test prices from October 2017.Now and as the Nasdaq has pulled back beneath its October highs after a fleeting and narrow capture of fresh all-time-highs, MSFT has been quietly and more constructively consolidating in a symmetrical triangle continuation pattern. Trading Microsoft StockFor traders agreeable with our bullish outlook, the recommendation is to put MSFT stock on the radar for buying above $130.50. This entry is marginally above the prior week's bullish engulfing candlestick and looks to position as shares stage an upside breakout through angular pattern resistance.As a continuation pattern breakout play, I'd estimate $150-$165 is the eventual price target. This price area more or less mirrors the rally from the December bottom to the April high.Bottom line though or more aptly the squiggly price line, if an entry does trigger I'd also recommend exiting below $124. In the event this particular triangle doesn't pan out as intended, closing the position at that point looks more than reasonable as far as exposure is concerned, both off and on the price chart.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Microsoft Stock Takes Aim at $150 appeared first on InvestorPlace.
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, ...
Shares of the world's biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion in market value. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%. If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.