|Bid||349.85 x 1000|
|Ask||349.97 x 900|
|Day's Range||341.15 - 351.47|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||20.05|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||8.22 (2.18%)|
|1y Target Est||421.05|
Daniel Elwell, acting FAA administrator, speaks to CNBC's Phil LeBeau on the process of re-certifying the Boeing 737 Max after a software update to fix a bug that potentially caused two deadly plane crashes.
May.23 -- The U.S. Federal Aviation Administration is set to meet with global aviation regulators Thursday to review plans to get Boeing Co.'s 737 Max model back in the air. Bloomberg Intelligence's George Ferguson reports on "Bloomberg Markets."
Southwest Airlines won't charge travelers to change to other planes to avoid the Boeing 737 Max. Southwest doesn't charge flat flight-change fees but differences in fare may apply for flight changes. Southwest Airlines LUV won't charge uneasy passengers to change flights to avoid traveling on the Boeing BA 737 Max if and when regulators allow the jet to take to the skies again, the airline's chief marketing officer said Thursday.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
The FAA suggested the Boeing 737 Max will re-enter service this summer after hinting the plane's grounding could last longer than expected.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Pomerantz LLP is investigating claims on behalf of investors of The Boeing Company ("Boeing" or the "Company") (NYSE: BA). Such investors ...
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters. The estimate, provided to Reuters by American Airlines Group Inc, United Airlines and Southwest Airlines Co officials, is the first indication of the time needed to bring the jets out of storage following a worldwide grounding in March spurred by deadly crashes in Indonesia and Ethiopia. The preparations were discussed at a meeting between Boeing and MAX customers in Miami earlier this week, and include a list of items ranging from fluid changes and engine checks to uploading new 737 MAX software.
The big question for Boeing investors since the grounding of the 737 MAX jet in mid March has been when the planes can start carrying passengers again. A meeting of officials from the Federal Aviation Administration and international regulators Thursday might offer some insights. The aviation authorities are meeting near Dallas to discuss Boeing’s proposed fixes for the plane.
More airlines are seeking compensation for grounded Boeing 737 Max planes, and that tally could well exceed $1 billion, analysts said
The Federal Aviation Administration is meeting with international air regulators from around the world on Thursday to determine what is needed to return the grounded Boeing Co 737 MAX to return it to service. Senior FAA officials will give detailed descriptions of the findings to date from the two crashes in Ethiopia and Indonesia which occurred within five months of each other and killed a combined 346 people. The agency will summarize the status of three major ongoing reviews of the 737 MAX and give an update of the recertification process and shed light on Boeing's proposed revisions to its software and pilot training.
By Allison Lampert MONTREAL (Reuters) - U.S. Federal Aviation Administration (FAA) and Boeing Co representatives are briefing members of the United Nations' aviation agency on Thursday on the planemaker's ...
U.S. Federal Aviation Administration (FAA) and Boeing Co representatives are briefing members of the United Nations' aviation agency on Thursday on the planemaker's grounded 737 MAX jet, a spokesman said. The informal briefing with members of the International Civil Aviation Organization's (ICAO) governing council is the first time the body is discussing the 737 MAX, which was grounded worldwide in March following two crashes involving the model, a source familiar with the matter told Reuters.
The FAA's acting head says airlines don't need to make more changes to their schedules. Airlines have removed the Boeing 737 Max schedules through most of the summer and canceled thousands of flights. The planes have been grounded since mid-March after two fatal crashes.
SpaceX will attempt to launch its first wave of operational satellites for a space-based internet Thursday night after a week-long delay.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders ...
A European pilots' group is urging the EU's aviation regulator to conduct an independent review of the Boeing 737 Max. The FAA on Thursday is updating its international counterparts about fixes for the plane at a meeting in Texas. A European pilots' group Thursday urged the region's aviation regulator to conduct its own thorough and independent review of the Boeing BA 737 Max before allowing the planes to fly again.
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of The Boeing Company resulting from allegations that Boeing may have issued materially misleading business information to the investing public.
GE (NYSE:GE) stock held steady following a question and answer session at the Electrical Products Group Conference. Though troubles remain for the Boston-based industrial conglomerate, investors and analysts have begun to believe in the turnaround plan put forth by CEO Larry Culp. GE stock still trades in a range.Source: Shutterstock Also, it did not move significantly even though Culp reaffirmed negative cash flow forecasts for 2019. Nonetheless, if his plan continues to reduce debts, spin off non-core operations, and turn profits, General Electric stock will break much higher in the coming quarters and years.Culp confirmed that the company expected negative free cash flow of $2 billion in this fiscal year. However, he also expects this outflow to end in 2020 and sees a cash flow "acceleration" in 2021. GE's latest earnings report and now this newest affirmation seemed to quiet many of the doubters who had all but left the company for dead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend In previous articles about GE stock, I repeatedly complained about what I called a "constant drip" of new issues. The seemingly endless litany of bad news led GE's board to fire John Flannery in favor of Culp, the former CEO of Danaher (NYSE:DHR), last October. GE Really Might RecoverNow, just seven months into Culp's tenure, the litany of new troubles appears to have come to a stop. Instead, we see signs of an emerging recovery. GE beat both revenue and earnings estimates in the previous quarter.Also, investors remain concerned about GE Power, but they also saw early signs of improvement. Though sales volumes continue to fall, they have declined by lower rates. The division has also seen a turnaround in the value of its orders.Moreover, the long-term debt I mentioned more than three months ago has come down by more than $5 billion in just one quarter. It now stands at $91.57 billion, slightly higher than its market cap of just over $87.5 billion. Short-term debt rose by almost $2.9 billion in the same period. However, both long and short-term debt levels have fallen on a year-over-year basis. GE Has Far to GoTo be sure, GE is not out of the woods yet. On top of the negative free cash flow, the length of the current economic growth cycle far exceeds long-term averages. Though few predict a looming recession, the long economic expansion increases the risk of such an event. Such a downturn would at least delay a GE turnaround.Furthermore, GE Aviation, currently GE's best-performing division, faces uncertainty with its status as the sole supplier of engines for Boeing's (NYSE:BA) troubled 737 MAX.So far, the Aviation division has incurred no impairment charges related to the 737 MAX. Moreover, both orders and backlogs rose for this division on a year-over-year basis. Still, investors should watch for any Boeing-related troubles in future quarters. GE Stock Is RangeboundStill, for all of the remaining challenges, this report has further helped to quiet those who predicted the demise of GE. Moreover, General Electric stock remains in the $10 per share range, about the same levels of three months ago.Today, confidence in the company has increased, yet GE stock has traded in a range since late January. The range adds uncertainty but also gives investors more time to buy.The critical point is the equity's 2019 high of $11.30 per share. If GE can sustain itself past that point, I think the more optimistic $14 to $16 per share price target will become achievable. Concluding Thoughts on GE StockDespite concerns of range-bound trading and deeply negative cash flows in 2019, Mr. Culp's recovery plan has begun to make a recovery in GE stock appear plausible. Yes, GE continues to struggle with cash flows. However, if company forecasts hold, that should turn around by next year.Moreover, the company's divisions continue to show improved performance as revenues increase and debt levels decline. Culp also continues to sell non-core businesses. As this smaller, more-nimble GE begins to emerge, bears continue to pare back their doomsday scenarios, and a long-absent sense of confidence has started to return.GE still has a long way to go. Like any recovery, this one will also face challenges, as well as risks. However, as I stated back in February, a speculative buy case for GE has emerged.The first quarter numbers and even the continued negative cash flows reaffirm this thesis. For those who have the stomach for the risk, I think GE stock can rise much higher once it sustains itself above $11.30 per share.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid appeared first on InvestorPlace.
The International Civil Aviation Organization council is holding an "informal briefing" on the grounded Boeing Co 737 MAX on Thursday, a spokesman said. Also on Thursday, the U.S. Federal Aviation Administration is meeting with international air regulators in Texas to discuss what steps are needed to return the 737 MAX to service, while the International Air Transport Association is hosting MAX airline operators from across the world in Montreal.
The stock market sold off early Thursday with heavy losses across the major stock indexes. Twitter stock is near a buy point.