BA - The Boeing Company
346.40 +0.72 (0.21%)
After hours: 7:45PM EST
| Previous close | 348.84 |
| Open | 350.22 |
| Bid | 346.40 x 800 |
| Ask | 346.38 x 800 |
| Day's range | 345.59 - 350.42 |
| 52-week range | 292.47 - 446.01 |
| Volume | 4,692,882 |
| Avg. volume | 4,420,225 |
| Market cap | 194.546B |
| Beta (3Y monthly) | 1.24 |
| PE ratio (TTM) | 52.03 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 8.22 (2.33%) |
| Ex-dividend date | 2019-11-07 |
| 1y target est | N/A |
- Zacks
Boeing (BA) Stock Sinks As Market Gains: What You Should Know
Boeing (BA) closed at $345.68 in the latest trading session, marking a -0.91% move from the prior day.
- Reuters - UK Focus
UPDATE 1-Airbus faces delivery challenge, poised to win jet order race
Airbus must hand a record number of aircraft to customers in December to meet delivery goals, company data showed on Thursday, and is all but certain of winning an annual order race against Boeing. Airbus delivered 77 aircraft in November to reach 725 for the year so far, according to Thursday's progress report. Airbus has a track record of achieving a late surge in deliveries, though it is also working to spread deliveries more evenly over the year in future to smooth earnings and avoid quality problems that can creep in when it is working flat out.
- Reuters
Airbus faces delivery challenge, poised to win jet order race
Airbus must hand a record number of aircraft to customers in December to meet delivery goals, company data showed on Thursday, and is all but certain of winning an annual order race against Boeing. Airbus delivered 77 aircraft in November to reach 725 for the year so far, according to Thursday's progress report. Airbus has a track record of achieving a late surge in deliveries, though it is also working to spread deliveries more evenly over the year in future to smooth earnings and avoid quality problems that can creep in when it is working flat out.
- Reuters - UK Focus
Airbus sold 222 jets in November, poised to win order race
Airbus booked orders for 222 aircraft in November, driven mainly by the Dubai Airshow, and formally recognised a cut in orders for the soon-to-be-axed A380 superjumbo following a major fleet review by Dubai's Emirates, company data showed on Thursday. It also delivered 77 aircraft in November to reach 725 for the year so far, leaving it 135 planes to deliver in December in order to reach a recently reduced full-year target of 860 jets. Emirates ordered 50 A350-900 jets at last month's air show as part of a fleet shake-up that also saw the world's largest wide-body operator relinquish an order for A380s and reduce its requirement for Boeing 777X jets, while adding the Boeing 787.
- Reuters
Boeing says 737 MAX approval delays could hit production
Significant additional regulatory requirements or delays in returning Boeing Co's 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in an Oct. 18 letter released on Thursday. In its letter to the U.S. Securities and Exchange Commission, Boeing said it does not expect 737 MAX order cancellations due to the grounding of its best-selling single-aisle jet to have a material impact on revenues or earnings. Boeing's letter was a response to requests from the SEC to clarify the company's comments in earlier financial filings on the 737 MAX grounding related to revenue and production.
- Reuters
Brazil association takes fight against Embraer-Boeing deal to Europe
An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co , calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion (£3.27 billion) purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions. "What will be left from Embraer won't survive, and even if it was possible to survive, Embraer wouldn't be able to produce any aircraft with 50 passengers or more," Valporto said in an interview late on Wednesday, arguing that Embraer and Boeing planes compete in the marketplace.
- Zacks
Defense Stock Roundup: GD Wins Big Deal, CW Boosts Buyback Program
Moderate flow of funds might have driven U.S. defense stocks. While General Dynamic (GD) secures a $22-billion deal, Curtiss Wright (CW) hikes its share buyback program.
- Reuters
Deals of the day-Mergers and acquisitions
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
- Investing.com
Stocks - Wall Street Rebounds on Trade Hopes, Energy Gains
Investing.com - Rising oil prices boosted energy stocks, and hopes yet again that a phase one trade deal will finally be struck between the United States and China lifted the rest of the stock market on Wednesday.
- Reuters
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service. Ryanair has scrapped planned summer operations from bases in Nuremberg and Stockholm Skavsta, as well as some flights from other bases, "solely due to delivery delays" to MAX jets on order from Boeing, the company said in a statement. "We are continuing to work with Boeing, our people, our unions and our affected airports to minimise these capacity cuts and job losses," Ryanair added.
- Reuters - UK Focus
Ryanair CEO denies accusation of bullying former operations chief
Ryanair chief executive Michael O'Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver. Bellew resigned as Ryanair Chief Operations Officer in July and the Irish low-cost carrier, Europe's largest, has asked the Irish High Court to delay his departure to arch-rival easyJet , saying he is subject to a 12-month non-compete clause. Former Malaysia Airlines boss Bellew denies he is subject to the clause and plans to start working with the British airline at the start of next year.
- Reuters - UK Focus
UPDATE 2-Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service. Ryanair has scrapped planned summer operations from bases in Nuremberg and Stockholm Skavsta, as well as some flights from other bases, "solely due to delivery delays" to MAX jets on order from Boeing, the company said in a statement. "We are continuing to work with Boeing, our people, our unions and our affected airports to minimise these capacity cuts and job losses," Ryanair added.
- Reuters
Bamboo Airways to take delivery of first Boeing Dreamliner this month
Vietnamese startup Bamboo Airways said on Tuesday it will take delivery of a Boeing 787-9 Dreamliner this month, its first wide-body aircraft, and aims to start direct flights to the United States by early 2021. The plane will be the first that Bamboo owns, Vice Chairman Dang Tat Thang said, adding that the airline currently operates 20 leased Airbus aircraft. "The new wide-body aircraft will enable us to launch our direct flights to the United States, in late 2020 or early 2021," Thang told a press conference.
- Investing.com
Stocks - Wall Street Gains on Reports of Trade Progress
Investing.com – Wall Street surged on Wednesday as investors snapped back from a trade-driven sell-off on reports that the U.S. and China are still closing in on a 'phase-one' deal, despite all appearances to the contrary.
- Investing.com
Stocks - Campbell Soup Falls Premarket; Boeing, Peloton Rise
Investing.com - Stocks in focus in premarket trading on Wednesday:
- Reuters
United orders 50 new Airbus long-range jets to replace Boeing 757s
United Airlines Holdings Inc announced on Tuesday an order for 50 Airbus SE A321XLR jets to fly between the U.S East Coast and Europe, becoming the latest U.S. airline to ink a deal for the European planemaker's new passenger jet. The long-range A321XLR jets will replace United's 53 Boeing 757-200 planes beginning in 2024, the Chicago-based planemaker said, flying to cities like Porto, Portugal and other potential new destinations. United's 757 planes will reach the end of their lifespan in about a decade and Boeing Co is not building any more of the large single-aisle model.
- Reuters
Brazilian investor group Abradin files complaint against Embraer-Boeing deal
A Brazilian group representing minority investors filed a complaint on Tuesday with Brazil's antitrust watchdog CADE against the Embraer-Boeing deal. The head of the Abradin group, Aurelio Valporto, said it asked for an investigation of the deal. Abradin also filed a complaint with the European Commission two months ago arguing that the acquisition of Embraer SA's commercial division by Boeing Co creates hurdles to competition in the Brazilian aerospace industry.
- Reuters - UK Focus
UPDATE 1-Safran CEO cautious on supply chain once Boeing grounding lifted
The head of French jet engine maker Safran has voiced caution over the ability of aerospace supply chains to ramp up quickly after the return to service of the Boeing 737 MAX, which has been grounded for months following two fatal accidents. Safran co-produces the LEAP engine for the MAX through its CFM International joint venture with General Electric. Once the jet returns to service - the timing of which is in the hands of regulators - Boeing plans to reach a previously targeted production level of 57 aircraft a month by end-2020 from its current rate of 42, down from 52 before the grounding.
