|Bid||330.22 x 800|
|Ask||330.87 x 800|
|Day's Range||326.48 - 331.16|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||37.89|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||8.22 (2.51%)|
|1y Target Est||410.32|
There is international arbitrage going on in the bond market that is exacerbating the decline in long-term Treasury yields lower,” Former Federal Reserve Chairman Alan Greenspan said earlier this week. Would Southwest Try Another Plane Besides the 737 Max? Southwest Airlines (NYSE:LUV) has been an exclusive customer of the Boeing 737 for some 48 years.
After leaving Microsoft, Tom Gibbons started a second career as president of Aviation partners and CEO of its new data driven unit ApiJet.
What's more wild, the story unfolding with General Electric (NYSE:GE) or the volatility in the stock market?Headline after headline has been wreaking havoc on the broader markets, as volatility remains elevated and as investors try to figure out their next step. Trade war worries, imploding foreign stock markets and recession concerns are engulfing the news flow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCasual investors will at least like the news from the stock market today, where the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) rose 1.25%, the SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 1.48% and the PowerShares QQQ ETF (NASDAQ:QQQ) jumped 1.61%.Amid that calamity, the story unfolding with General Electric is even more interesting. Is GE Stock a Sham or a Buy?General Electric has been under pressure since it reported earnings. For months, readers here have been cognizant of $10.50 range resistance and $9 range support. The breakout never materialized and GE stock quickly sank down to support. * 10 Cheap Dividend Stocks to Load Up On It was an unimpressive showing, but not surprising given the volatility in the broader market and the suspect nature of GE's balance sheet. The most recent quarter showed that General Electric is inching its way out of trouble, but could still have some unknown risks, particularly with Boeing's (NYSE:BA) 737 issues.On Thursday, range support between $9 and $9.25 blew out, as reports began circulating that a whistleblower was sounding the alarm on GE's accounting practices. That whistleblower was Harry Markopolos, who also raised concern over Bernie Madoff before his ponzi scheme was uncovered.GE pushed back, saying it stands behind its financials and that it remains in a strong position of liquidity. GE even went as far as to say that Markopolos is being "compensated by unnamed hedge funds [that] are financially motivated to attempt to generate short selling in a company's stock."Wow, dramatic.It doesn't end there, though. GE CEO Larry Culp refuted the claims even more aggressively, calling it "plain and simple" market manipulation. He then went out and bought 2 million shares of GE stock!Analysts came out to GE's defense on Friday morning, as did the well-known short-seller of Citron Research, Andrew Left. The latter also corroborates GE's stance regarding hedge fund compensation, noting that, "As noted in the disclaimer on his site, Harry is being paid a % of profits from an unnamed hedge fund that is short GE. No credible hedge fund or short seller would ever do this."GE jumped almost 9% in response to Friday's news, (Here's the trade layout). Movers in the Stock Market TodayGE was an obvious mover on the day, but it wasn't the only one.Nvidia (NASDAQ:NVDA) rallied 7.5% on the day, showing some upside momentum after the company beat on earnings and revenue estimates. While the headline numbers look good and many believe in its long-term future, there are still some short-term concerns. Revenue sank 17.3% year-over-year and management expects third-quarter sales of $2.84 billion to $2.96 billion. Expectations were at $2.98 billion.Still, NVDA is on the move higher, which may be good news for bulls should the overall market start to rally too.Deere (NYSE:DE) stock was also on the move higher, climbing over 4% despite missing on bottom-line expectations. Earnings of $2.71 per share missed analysts' expectations by 13 cents. However, revenue of $10.04 billion handedly beat estimates by $660 million despite sinking 2.6% year-over-year.Shares of Palo Alto Networks (NYSE:PANW) were trading well on the day, up several percent before collapsing in the afternoon. PANW ended lower by 7.2% on news that Dave Peranich, EVP of worldwide sales, is leaving his post after three years on the job. Seems like it could be an overreaction, even if he was a top sales exec.Disney's (NYSE:DIS) latest billion-dollar hit is Toy Story 4, the company's fifth billion-dollar film this year. It now holds the record for most such films in a single year, while there is only one other competing film this year to top the nine-figure mark (Spider-Man: Far From Home). Further, the company announced last month that it had broken its prior annual box office record total of $7.61 billion, pulling in $7.67 billion in sales already in 2019.Don't forget, there's Frozen 2 and a Star Wars film still slated for 2019. It's going to be a huge year for Disney.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Stock Market Today: Is GE a Fraud or a Screaming Buy? appeared first on InvestorPlace.
Boeing is delaying development of its 777-8 as the other member of the new 777X family, the larger 777-9, has seen its first flight-target date slip into early next year.
As a component of the recently beleaguered Dow Jones Industrial Average, investors are understandably hesitant about Boeing (NYSE:BA). During the midweek massacre, the Boeing stock price shed nearly 4%. That's a sizable chunk for a historically reliable blue-chip company.Source: Shutterstock Of course, BA stock lost its previously stellar reputation. After two high-profile fatal accidents involving the Boeing 737 Max 8 jetliner, the airplane manufacturer had to come clean. They admitted defects within their anti-stalling system known as Maneuvering Characteristics Augmentation System (MCAS).Eventually, the investigations into the MCAS software revealed horrendous oversight issues with the Federal Aviation Administration. As a result, government bodies throughout the world grounded the Max 8 until Boeing delivered a permanent resolution. Naturally, the Boeing stock price has encountered upside resistance throughout this year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet BA stock may also benefit in the longer run from the "forgotten money" dynamic. Imagine putting loose change in a jar. Over time, those savings can amount to serious dollars. And in a higher-level sense, that's what we have with BA. * 10 Stocks Under $5 to Buy for Fall Recently, Commerce Secretary Wilbur Ross said the U.S. economy will get a kickstart once governments lift the Max ban. By Ross' estimation, the grounding eliminated about 0.4% from the second-quarter GDP.And before you say this is political pandering, the Commerce Secretary does have a point. We're in the sixth month of the ban. Moreover, several airliners have eliminated flights involving the Max 8, stymieing travel during high-demand seasons. A return to flight will certainly drive up the Boeing stock price.Additionally, the plane manufacturer enjoys organic headwinds that could end up at least sustaining BA stock during this difficult time. Perpetually Relevant Boeing Stock a Safer Bet Than OthersAllow me to bring one clarifying caveat to the table: I'm not suggesting that BA stock is an easy buy. With macro-headwinds such as the U.S.-China trade war and the yield-curve inversion, even a stalwart like Boeing will face volatility.At the same time, the company has a very relevant business, with practically only one other competitor, Airbus (OTCMKTS:EADSY). As I argued in late June of this year, Boeing and Airbus are locked into a duopoly. Sure, other players are trying to break into this arena. However, it's going to take substantial time to break the two giants' deeply embedded foothold.It's no surprise, then, that revenue for Boeing stock is extremely consistent, quarter in and quarter out. In the most recent earnings report, management reported top-line sales of $15.75 billion. That was a 35% loss from the second-quarter 2018 results. And the markets hadn't witnessed a sales decline like that since the Great Recession.Otherwise, since Q1 2013, BA quarterly revenue averages over $23 billion. Once the forgotten money of the Max 8 returns to the runway, Boeing stock should resume its normal course; that is, a somewhat boring name bringing in consistently reliable sales and earnings.Another point to consider is that Airbus really can't impact BA stock. Let's use an extreme example for illustration purposes. One of the reasons I hated Papa John's (NASDAQ:PZZA) after their racial slur incident was transmutability: consumers can easily switch their favorite pizza brand.But an airplane supplier? Such orders take years to fulfill. From that standpoint alone, airliners are better off waiting out the Max 8 rather than disrupting their relationship with Boeing. Furthermore, Airbus knows this situation is temporary. They don't want to load up their inventory with expensive planes they can't move. Diverse Business May Lift BA StockFor most companies, weakening economic metrics represent only one thing: bad news. But for the Boeing stock price, there's a silver lining. * 15 Growth Stocks to Buy for the Long Haul Underlining the economic conflict in the U.S.-China trade war is a militaristic one. I'm not suggesting that the trade war will turn into a real war. Rather, we have many geopolitical adversaries that are seeking to advantage our tariffs tit-for-tat.Most notably, I'm talking about North Korea. The hermit nation has few allies, but China is one of them. While the trade war rages, North Korea hasn't been shy about flexing their muscle. Apparently, bullies don't respect anything but violence. Thus, the U.S. has an incentive to ramp up their war machinery to keep such belligerent sentiment in check. Logically, this helps BA stock longer term due to Boeing's defense arm.And while we're talking about adversaries, we should also mention Russia. Lately, the Russians have been ramping up Cold War tensions. Worryingly, they've also been encroaching closer toward U.S. territory. This is another incentive for our government to fortify our military capabilities, which ultimately supports Boeing stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Boeing Stock Has a Chance to Navigate the Turbulence appeared first on InvestorPlace.
Southwest has budget-friendly fares. The company offered a blockbuster introductory fare when it announced the Hawaii expansion plans.
The Hong Kong-based airline has faced pressure form the Chinese government after employees took part in anti-government protests and recently said the protests have hurt bookings.
Boeing and its airline customers both love and loathe airplane spotters who track their jets. Airport directors and analysts say they've become an important part of the aerospace world.
The S&P; 500 ended a volatile session with a gain Thursday, as indexes closed well off session lows but the market outlook remained uncertain.
Boeing is delaying the service debut of the ultra-long-haul version of its 777X on engine delays with another model and a focus on getting 737 Max back to service.
Sunwing said in a statement that its winter schedule, which goes into effect on Nov. 5 and runs until mid-May, is being planned without the MAX to give passengers "much-needed reassurance" while planning their winter vacations. The MAX was grounded worldwide in March after an Ethiopian Airlines plane plunged to the ground soon after take-off, five months after a similar Lion Air fatal crash off the coast of Indonesia. While Boeing has targeted October, the U.S. Federal Aviation Administration has not set a timeline for the ungrounding, and it is not yet clear when the 737 MAX will fly again.
American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes. The Federal Aviation Administration reported Thursday that American denied seats to 69,924 passengers voluntarily in the first six months of 2019, up from 28,409 in the same period last year, while involuntarily denying boarding to 5,022 passengers, up from 678 in the same period last year. Southwest denied seats to 22,364 people voluntarily through June, compared with 10,364 in the first half of 2018, while it involuntarily denied boarding to 2,525, up from 1,045 in the first six months of 2018.
DOW UPDATE Shares of Walmart and Boeing are trading higher Thursday afternoon, sending the Dow Jones Industrial Average into positive territory. The Dow (DJIA) is trading 76 points (0.3%) higher, as shares of Walmart (WMT) and Boeing (BA) have contributed around a third of the index's intraday rally.
NORTH CHARLESTON, S.C., Aug. 15, 2019 /PRNewswire/ -- Boeing [NYSE: BA] delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation [NYSE: AL]. "Welcoming the largest member of the 787 family to our growing fleet ensures we continue to boast one of the youngest and most modern fleets in Asia and also adds a competitive edge to Vietnam Airlines' operations. The new 787-10 will complement Vietnam Airlines' existing fleet of 787-9 jets.
The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon and U.S. allies around the world.
DOW UPDATE Shares of Walmart and Boeing are trading higher Thursday afternoon, propelling the Dow Jones Industrial Average into positive territory. Shares of Walmart (WMT) and Boeing (BA) are contributing around 25% of the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 12 points higher (0.