|Bid||27.39 x 800|
|Ask||33.60 x 800|
|Day's Range||27.00 - 27.76|
|52 Week Range||23.50 - 35.24|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 28, 2019|
|1y Target Est||183.08|
Aerospace behemoth Boeing (NYSE: BA) stock took a 2.5% hit on Monday after Bloomberg reported that China Southern Airlines (NYSE: ZNH) is delaying acceptance of deliveries of more than 100 Boeing 737 MAX jetliners to 2025 or later. The good news is that Boeing stock is turning around and regaining altitude this morning, up 3.5% as of 11:40 a.m. ET on a note from JPMorgan that argues the news is "not as stark" as it first appeared to be. Contradicting Bloomberg's read on the situation, JP observes that China Southern not saying it plans to accept deliveries through 2024 is not the same thing as China Southern saying it will not accept the planes, reports TheFly.com today.
Some Chinese stocks have generated the occasional pop, but the risk-reward is skewed bearishly. Alibaba (BABA): China’s flagship has been plunging for the better part of the trailing year. JD.com (JD): JD.com is now reflecting consumer weaknesses pinged earlier this year. Ping An Insurance (PNGAY): Ping An is a worryingly exposed company, especially for an insurance company. Tencent (TCEHY): Tencent may suffer as consumer sentiment there declines. Nio (NIO): NIO is among the Chinese stocks to av
China's three biggest airlines have reported heavy first-quarter losses as prolonged COVID curbs weighed on travel demand and a weakening Chinese currency and rising fuel prices inflated costs, trends which persist in the current quarter. Analysts expect another year in the red for Chinese airlines as Beijing sticks with its zero-COVID policy to stop the spread of the virus. China Eastern Airlines on Friday reported a first-quarter net loss of 7.8 billion yuan ($1.18 billion) versus 3.8 billion a year earlier.