BA - The Boeing Company

NYSE - NYSE Delayed price. Currency in USD
137.53
-1.47 (-1.06%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close139.00
Open141.01
Bid137.50 x 1400
Ask137.40 x 900
Day's range135.78 - 141.08
52-week range89.00 - 391.00
Volume21,098,833
Avg. volume33,088,696
Market cap77.612B
Beta (5Y monthly)1.45
PE ratio (TTM)N/A
EPS (TTM)-6.03
Earnings date22 Jul 2020 - 27 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date13 Feb 2020
1y target est156.72
  • Bloomberg

    Branson’s Virgin Orbit Fails in Attempted Rocket Launch From 747

    (Bloomberg) -- Billionaire Richard Branson’s Virgin Orbit said a crucial test of its two-stage, orbital rocket system, designed to rival that of Elon Musk’s SpaceX for satellite launches, ended the mission shortly after releasing the rocket from the plane.A Boeing Co. 747, named Cosmic Girl, took off from the Mojave Air and Space Port in California on Monday at 11:56 a.m. Pacific Time, carrying beneath it Virgin Orbit’s LauncherOne rocket over the Pacific Ocean. About an hour later, the plane released the rocket in what Virgin Orbit called a “clean” release. Three minutes later, the company said the mission had ended shortly into the flight.There have been more than 20 previous tests, including one earlier this year carrying the rocket, but this was meant to be the first time LauncherOne had been ignited. Earlier this week, Virgin Orbit described Monday’s test as “the apex of a five-year-long development program.”“We’ve confirmed a clean release from the aircraft. However, the mission terminated shortly into the flight,” the company tweeted Monday. “Cosmic Girl and our flight crew are safe and returning to base.”Prior to Monday’s attempt, Virgin Orbit said maiden flights by government and commercial providers typically fail about half the time. The company’s ultimate goal is to use its rockets to launch small satellites into space, competing with ground-based launches, such as those from Space Exploration Technologies Corp.SpaceX has a significant head start. Over the past decade it’s launched about 100 rockets, landed many of them safely back on Earth, and come to dominate the industry, while being valued at close to $40 billion. In a few days, SpaceX is set to carry two NASA astronauts to the International Space Station -- the first time NASA personnel have blasted off from the U.S. since the 2011 retirement of the Space Shuttle.In depth: Elon Musk Speaks Frankly on Coronavirus, SpaceX, and Rage TweetsMeanwhile, the Virgin Orbit test this weekend comes at a critical time for Branson, as the coronavirus pandemic weighs heavily on his leisure and travel assets.The Virgin Australia airline fell into administration last month, and Virgin Atlantic pitched to about a dozen potential investors last week as the U.K. government drags its heels over an emergency bailout.Branson’s Vieco 10 investment company also recently offloaded about 2% of its stake in a separate space company, Virgin Galactic Holdings Inc., as the billionaire looks to support his broader business empire. Virgin Galactic is trying to pioneer space tourism.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why launching astronauts to space via SpaceX's crew capsule is a big deal
    Yahoo Finance

    Why launching astronauts to space via SpaceX's crew capsule is a big deal

    The first astronaut spaceflight launch from US soil in almost a decade is ready for liftoff this Wednesday.

  • Dow Jones Sinks as Boeing Stock Soars, McDonald’s Supports Franchisees
    Motley Fool

    Dow Jones Sinks as Boeing Stock Soars, McDonald’s Supports Franchisees

    An analyst expects a recovery in air travel to drive gains for Boeing, and McDonald's has set aside some cash to keep franchisees afloat.

  • Bloomberg

    Ford Is the Poster Child for America's Grand Reopening

    (Bloomberg Opinion) -- After a prolonged shutdown, Ford Motor Co. officially resumed production at its North American factories this week. It hasn’t been as smooth a process as the company might have hoped: Ford had to temporarily close two critical facilities this week to allow for a deep cleaning after workers tested positive for the coronavirus. An Explorer SUV plant in Chicago was closed a second time after an employee at a nearby supplier facility tested positive for the virus, causing a parts shortage.This is the reality of manufacturing for the time being as companies fret about worker safety and the legal and reputational risks of not doing enough to protect employees. Unlike Ford, whose products fall into a category of consumer spending that’s become even more discretionary amid the pandemic, wide swaths of the industrial sector were deemed essential and allowed to remain operational. Those companies, too, have had their share of growing pains as they adjust to a new way of working.Boeing Co. temporarily closed its factories in the Puget Sound area in March after a worker died of the coronavirus and later briefly shuttered work at its 787 plant in South Carolina. CBS Minnesota reported earlier this month that a Honeywell International Inc. facility in Minneapolis had closed after a worker tested positive. Whirlpool Corp. closed its Amana, Iowa, refrigerator plant at least twice after employees tested positive for the virus, according to the Gazette local paper. Deere & Co. and Altria Group Inc.’s Philip Morris USA are among the many others that have had to close plants on a limited basis to avoid outbreaks among workers. Lockheed Martin Corp., meanwhile, said this week it will temporarily slow production of the F-35 fighter jet because of delays at suppliers.  It’s a lot harder, though, to bring factories back to life than it is to just figure it out as you go along. Ford may be a manufacturer, but because it’s one of the few to have experienced an extended lockdown, it’s arguably a better benchmark for the non-industrial economy. You better believe that office-based companies that have sent most of their workers home are keeping a close eye on how the likes of Ford fare in flipping the switch back on. Seeing the automaker’s setbacks this week, companies that can operate without their employees clustered in the same place may be less keen to rush back. They’re getting a more continuous stream of work out of their employees now than they would if they had to hit the pause button and clear out the office every few weeks. And the mixed messages from the White House aren't helpful: President Donald Trump is due to visit a Ford factory in Michigan that’s been converted to ventilator production and has been wishy-washy on whether he will adhere to the company’s face-mask requirements. Already, American Express Co. CEO Steve Squeri and Visa Inc. CEO Al Kelly said this week that most of their employees would work from home for the rest of the year. Some 28% of employers recently surveyed by Challenger, Gray & Christmas said they would make work-from-home arrangements permanent for at least some employees. Cryptocurrency exchange Coinbase and social media site Twitter Inc. are among those who have publicly said remote working will be their indefinite default option. Facebook Inc. said Thursday it would follow suit and move to a more permanent remote workforce.At the end of the day, manufacturing or non-manufacturing, it's all interconnected. How permanent this shift to work from home will be is debatable, but if companies end up needing less office space, by default that means fewer HVAC systems, commercial lighting, fire and security products or even 3M Co.’s Post-it notes. And if workers aren’t going to be commuting, do they still need to buy cars from Ford? There's a lot riding on getting reopening right.     This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Shares of Boeing Are Up Today
    Motley Fool

    Why Shares of Boeing Are Up Today

    Shares of Boeing (NYSE: BA) gained 6% on Thursday morning after the aerospace giant was initiated as an "outperform" by RBC Capital. Boeing shares have lost more than half of their value year to date, but RBC's Michael Eisen sees the stock bouncing back, along with aircraft demand, relatively quickly. Boeing has been hit hard by the COVID-19 pandemic, which has forced it to dump its dividend and temporarily suspend some operations, and has caused its customers to halt expansion plans.

  • Oilprice.com

    Jet Fuel Demand Will Take Years To Recover

    The coronavirus pandemic swept across the airline industry, upending fleet, route, and passenger number predictions for years to come, and the sharp reduction in flights will keep jet fuel demand subdued for a long time

  • FAA to Reform Aircraft Review Process Following 737 Max Disasters
    Motley Fool

    FAA to Reform Aircraft Review Process Following 737 Max Disasters

    The Federal Aviation Administration on Tuesday outlined a series of changes to the way it reviews aircraft designs, responding to criticism directed at the agency following a pair of Boeing (NYSE: BA) 737 Max crashes that killed more than 300. Specifically, the FAA has come under criticism for its practice of giving Boeing and other planemakers responsibility and authority to review design changes. Investigations into the 737 Max crashes have raised questions about Boeing's culture, and put the FAA's processes under a microscope.

  • Zacks

    Defense Stock Roundup: KTOS Beats on Q1 Earnings, BA, LMT Win Big

    In the last five trading sessions, the defense biggies put up a solid show. Boeing gained the most, with its share price rising 8.2%, followed by Northrop Grumman.

  • 3 Aerospace Stocks to Buy Right Now
    Motley Fool

    3 Aerospace Stocks to Buy Right Now

    The collapse of air travel has dragged down the commercial aerospace industry, but some companies in the sector are better positioned ahead of its eventual recovery.

  • The Zacks Analyst Blog Highlights: Apple, Qualcomm, The Boeing Company and Cisco Systems
    Zacks

    The Zacks Analyst Blog Highlights: Apple, Qualcomm, The Boeing Company and Cisco Systems

    The Zacks Analyst Blog Highlights: Apple, Qualcomm, The Boeing Company and Cisco Systems

  • Reuters

    Malaysian state cargo carrier profits from soaring demand for medical gloves

    Malaysia's state-owned cargo carrier MAB Kargo has seen "impressive" profits since February, its CEO told Reuters, helped by the country's role as the world's biggest producer of medical gloves. The company raised freight rates by as much as 50% in some cases and added capacity on high-demand routes as it also saw high-volume shipments of face masks and medical gowns during the coronavirus pandemic, Chief Executive Ibrahim Mohamed Salleh told Reuters. Malaysia's medical glove exports are expected to jump about 32% to 225 billion pieces this year, and its gloves association said supplies were being urgently air-lifted to Europe, Australia, Canada and America as customers did not want to wait for the usual sea route.

  • As flying returns, jetmakers seek to quell fears over cabin air
    Reuters

    As flying returns, jetmakers seek to quell fears over cabin air

    Boeing has appointed former engineering and development chief Mike Delaney to head wider efforts to build confidence, and Airbus leaders say the industry is moving from an initial crisis phase to securing public trust. Health officials are still quantifying various sources of transmission for COVID-19 disease caused by the virus, but attention focuses on the risk of catching it from airborne droplets from coughing or sneezing passengers as well as from touching infected surfaces. "It's about explaining what we do for the safety of passengers in the large sense: aircraft safety but also sanitary safety," Airbus engineering head Jean-Brice Dumont said.

  • Why Shares of Boeing and Its Suppliers Are Up Today
    Motley Fool

    Why Shares of Boeing and Its Suppliers Are Up Today

    A vaccine trial has the airlines surging, and companies supplying them are going along for the ride.

  • Boeing Wins $2.6 Billion Deal for SLAM ER & Harpoon Missiles
    Zacks

    Boeing Wins $2.6 Billion Deal for SLAM ER & Harpoon Missiles

    The Boeing Company (BA) will deliver 650 SLAM ER missiles, and 402 Block II missiles and support equipment to Saudi Arabia, per the recent contract terms.

  • U.S.-China Fight Over Chip Kingpin Rattles Tech Industry
    Bloomberg

    U.S.-China Fight Over Chip Kingpin Rattles Tech Industry

    (Bloomberg) -- Since its founding more than three decades ago, Taiwan Semiconductor Manufacturing Co. has built its business by working behind the scenes to make customers like Apple Inc. and Qualcomm Inc. shine. Now the low-profile chipmaker has landed squarely in the middle of the U.S.-China trade war, an incalculably valuable asset that both sides are vying to control.The Trump administration opened up a new front in the conflict on Friday by barring any chipmaker using American equipment from supplying China’s Huawei Technologies Co. without U.S. government approval. That means TSMC and rivals will have to cut off Huawei unless they get waivers from the U.S. Commerce Dept. TSMC has already stopped accepting new orders from Huawei, the Nikkei newspaper reported Monday.The move threatens to wreak havoc throughout the complex ecosystem that produces technology for consumers and companies around the world. An attack on Huawei threatens not just its workers and its standing as a world leader in making smartphones and telecom equipment, but also hundreds of suppliers. The Chinese government has vowed to protect its national champion, with threats of retribution against U.S. companies that depend on China like Apple Inc. and Boeing Co.“China likely will retaliate, and investors should brace themselves for a possible trade war escalation,” Sanford C. Bernstein & Co. analysts led by Mark Li wrote in a research note on Friday.Read more: U.S. Tightens Rules to Crack Down on Huawei’s Chip Supply Huawei suppliers across Asia fell on Monday, with AAC Technologies Holdings Inc., Q Technology Group Co., Sunwoda Electronic and Lens Technology all sliding 5% or more. TSMC, which gets an estimated 14% of its revenue from Huawei, dropped as much as 2.5%.The U.S. already blacklisted Huawei last year, preventing American companies from supplying the Chinese company unless they got a license. The latest move tightens those restrictions to prevent chipmakers -- American or foreign -- from working with Huawei and its secretive chip-design unit HiSilicon on the cutting-edge semiconductors they need to make smartphones and communications equipment. The Trump administration sees Huawei as a dire security threat, an allegation the company denies.“We must amend our rules exploited by Huawei and HiSilicon and prevent U.S. technologies from enabling malign activities contrary to U.S. national security and foreign policy interests,” Commerce Secretary Wilbur Ross said in a tweet.Huawei countered by accusing the U.S. of ulterior motives.“The so-called cybersecurity reasons are merely an excuse,” Richard Yu, head of the Chinese tech giant’s consumer electronics unit wrote in a post to his account on messaging app WeChat. “The key is the threat to the technology hegemony of the U.S” posed by Huawei, he added.The U.S. decision is likely to hurt not just Huawei and TSMC, but also a clutch of American players including gear-makers Applied Materials Inc., KLA and Lam Research Corp. themselves, Morgan Stanley analysts wrote. Disruptions to Huawei’s production will also hurt U.S. customers from Micron Technology Inc. and Qorvo Inc. to Texas Instruments Inc., they said. But “it bears repeating that any escalation of trade tensions is negative for the stocks overall,” they wrote in a research report.It would have been impossible to imagine TSMC becoming such a coveted chit between the world’s great powers when it was founded in 1987. Morris Chang, born in China and trained in the U.S., started the company as a so-called foundry, manufacturing semiconductors for any customer that didn’t want to construct its own fabrication facility, or fab.At the time, the business wasn’t nearly as glamorous as making chips yourself. Dominating the industry at the time were companies like Intel Corp. and Advanced Micro Devices Inc., which made processors for personal computers. “Real men have fabs,” AMD co-founder Jerry Sanders would say, making clear that was an insult.But in the intervening years, the foundry industry has become far more strategic for the technology industry. Customers from Apple and Huawei to Qualcomm and Nvidia Corp. have found they can innovate more quickly if they focus on chip designs and then turn to foundries like TSMC to produce them. Innovators in emerging technologies like artificial intelligence or the internet of things also depend on foundries to crack open new markets.Today, many of the chips for mobile phones, autonomous vehicles, artificial intelligence and any other key technology are made at foundries. TSMC has become the leading foundry in the world by investing heavily in ever more advanced fabs, with annual capital spending of about $16 billion this year.It can now manufacture at 5 nanometers, about twice the width of human DNA, while China’s top foundry, Semiconductor Manufacturing International Corp., or SMIC, is at 14 nanometers. That makes TSMC’s chips far more powerful and energy efficient.Huawei and HiSilicon will have few good options if they are cut off from TSMC. One possibility is to procure off-the-shelf chips from Taiwan’s MediaTek Inc. and South Korea’s Samsung Electronics Co., an option Huawei’s rotating Chairman Eric Xu mentioned in late March. But even that may no longer be viable under the new Commerce restrictions.SMIC itself is keen on moving up the technology ladder, eyeing a secondary share listing that could raise more than $3 billion on top of a large capital infusion from the state.Read more: China Injects $2.2 Billion Into Local Chip Firm Amid U.S. CurbsBut that’s a longer-term endeavor and Huawei’s products meanwhile are likely to suffer, putting them at risk of falling behind those of rivals like Apple or Xiaomi Corp.For TSMC, it’s growing ever more difficult to remain neutral amid the growing tensions between the U.S. and China. The company brands itself “everybody’s foundry,” effectively the Switzerland of the tech industry. It supplies Chinese customers like Huawei and the American military, while relying on U.S. producers of semiconductor-making equipment like Applied Materials and Lam Research.TSMC did take one step closer to the U.S. last week, saying it would build a $12 billion chip plant in Arizona. The Department of Defense has expressed concern that overseas fabs may be vulnerable to cyberattacks and domestic manufacturing would assure a more reliable supply of chips.The proposal appears to be carefully calculated to address such security issues without too much damage to profits or its political balancing act. Suppliers to the military, such as Xilinx Inc., would be able to use the U.S. fab, but the facility would likely account for less than 5% of revenue so margins won’t be compromised.It’s not clear if the plans for a U.S. plant will win TSMC leniency in supplying Huawei, however.“TSMC will not be granted or granted a license based on their intent to build a 5 nanometer fab here in the United States. That’s not part of it at all,” Keith Krach, undersecretary for economic growth, energy and the environment at the State Department, told reporters on a call. “There’s no assurance on that and we don’t anticipate that.”Meanwhile, China appears to be preparing to retaliate for the new restrictions on Huawei. On Friday, the Global Times -- a Chinese tabloid run by the flagship newspaper of the Communist Party -- reported Beijing was ready to initiate countermeasures, including imposing restrictions on Apple, suspending the purchase of Boeing airplanes and putting U.S. companies on an ‘unreliable entity list.’The list will cover “foreign entities that cause actual or potential damage to Chinese companies and industries,” the newspaper said.(Updates with Nikkei report in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Kuwait Stocks Lead Gains in the Gulf on Higher Oil: Inside EM

    (Bloomberg) -- The main equity index in Kuwait led gains in the Gulf after crude advanced for a third consecutive week amid output cuts and signs of recovery in demand.The Kuwaiti gauge closed 2.4% higher with lenders Kuwait Finance House and National Bank of Kuwait adding the most. Saudi Arabia’s Tadawul All Share Index rose 1.6%, with Al Rajhi Bank, petrochemicals maker Saudi Basic Industries and oil giant Saudi Aramco boosting the index the most.Brent crude rose 4.9% last week to finish at the highest price in more than a month. The commodity is an important source of revenue for countries in the Gulf, and is finding some support as economies globally begin to reopen, while major producers cut output.“Oil prices continue their upward move as Saudi and U.S. companies cut further production in support of OPEC+ deal,” said Marie Salem, head of institutions at Daman Securities in Dubai. In the United Arab Emirates, markets should “witness some recovery following Thursday’s losses supported by real estate names and banks,” she said.MIDDLE EASTERN MARKETS:In Riyadh, National Commercial Bank climbs as much as 3.5% after posting an increase in profit of 2% for the first quarterREAD: National Commercial Bank 1Q Profit Climbs 2%; Cites Lower TaxIn Dubai, real estate bellwether Emaar Properties rises as much as 2.1%More on Dubai’s market hereIsrael’s TA-35 climbs 3.5% as of 2:30 p.m. in Tel Aviv, recovering from a drop of 5.7% last weekNice Ltd., Teva Pharmaceutical Industries and LivePerson lead gainsEgypt’s EGX 30 advances 0.7%, with Commercial International Bank helping the index the mostMORE EARNINGS:Samba First Quarter Profit Climbs 20%Riyad Bank First Quarter Profit 1.48 Bln Riyals, -0.6% Y/yLeejam Sports First Quarter Profit 6.25 Mln Riyals, -84% Y/yAlinma Bank First-Quarter Profit Drops 42% on Higher ImpairmentsSaudi Cement First Quarter Profit 147.6 Mln Riyals, +11% Y/yDeyaar First Quarter Net Income 2.6 Mln Dirhams, -86% Y/yBupa Arabia 1Q Total Comprehensive Income 45.9m Riyals, -54% Y/ySouthern Cement First Quarter Profit 183 Mln Riyals, +53% Y/yFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Better Buy: General Electric vs. Boeing
    Motley Fool

    Better Buy: General Electric vs. Boeing

    Two iconic companies facing hard times. Is one of them a better investment option than the other today?

  • Bloomberg

    Saudi Arabia Wealth Fund Buys Boeing, Citi, Disney Stakes

    (Bloomberg) -- Saudi Arabia’s sovereign wealth fund said in April that it was looking into “any opportunity” arising from the economic wreckage of the coronavirus crisis. A regulatory filing Friday shows how the fund spent billions of dollars this year on stocks.The $320 billion Public Investment Fund, which until five years ago was a holding company for government stakes in domestic businesses, disclosed an $827.8 million stake in BP Plc, a $713.7 million investment in Boeing Co. and $522 million positions in both Citigroup Inc. and Facebook Inc. at the end of the first quarter. Other bets include $495.8 million on Walt Disney Co. and $487.6 million on Bank of America Corp. The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, the fund’s governor, Yasir Al-Rumayyan, said at a virtual event in April. The fund expects to see “lots of opportunities,” he predicted at the time, citing airlines, energy and entertainment companies as examples.Behind the scenes, as coronavirus outbreaks disrupted commerce and drove stock prices to their lowest levels in years, the fund reassigned staff to find bargains to broaden its global portfolio, people familiar with the plan have said. The investments disclosed in a quarterly filing Friday amount to a bet that marquee names of the corporate world will rebound as many facets of life return to normal.“PIF is a patient investor with a long-term horizon,” according to a statement from the fund. “We actively seek strategic opportunities both in Saudi Arabia and globally that have strong potential to generate significant long-term returns while further benefitting the people of Saudi Arabia and driving the country’s economic growth.”Other holdings described by the fund include a $513.9 million investment in hotel owner Marriott International Inc. that’s even greater than the PIF’s previously disclosed wager on cruise operator Carnival Corp. Both companies are contending with a virtual shutdown in global travel. Similarly, the fund gathered a $416.1 million stake in concert promoter Live Nation Entertainment Inc., which faces bans on large gatherings.The fund also amassed shares of Canadian oil sands players Suncor Energy Inc. and Canadian Natural Resources Ltd., on top of investments that previously emerged in Equinor ASA, Royal Dutch Shell Plc, Total SA and Eni SpA. The regulatory filing disclosed the fund held almost $10 billion of U.S. equities, including an approximately $2 billion position in Uber Technologies Inc.The bargain-hunting contrasted with retreats by the likes of Warren Buffett’s Berkshire Hathaway Inc., which previously announced a full exit from investments in four major U.S. airlines. On Friday, Berkshire also disclosed that it sold off most of a longtime investment in Goldman Sachs Group Inc. and trimmed stakes in companies including JPMorgan Chase & Co.Coincidentally, the fund bought a $78.4 million stake in Berkshire as well.The PIF’s mandate was broadened in 2015 by Crown Prince Mohammed bin Salman to include international investments to support economic diversification.(Updates with comment from PIF in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Will These Comments From Boeing's CEO Hurt Boeing Shareholders?
    Motley Fool

    Will These Comments From Boeing's CEO Hurt Boeing Shareholders?

    Boeing (NYSE: BA) CEO David Calhoun caused a stir when he predicted a "major" U.S. airline would go out of business as a result of the COVID-19 pandemic. Right or wrong, Calhoun's comments reportedly ruffled a lot of feathers in the airline industry, and Boeing and Calhoun are apparently now scrambling to walk back the statements as a result. In the days since, Calhoun and Boeing have been fielding calls from airline executives including calls from United Airlines Holdings and American Airlines Group, according to a Wall Street Journal report.

  • Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook
    Reuters

    Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

    Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks. The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in the wake of the coronavirus outbreak. The PIF disclosed stakes worth $713.7 million in Boeing, ABOUT $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6 million in Bank of America, the U.S. Securities and Exchange Commission (SEC) filing https://bit.ly/3e2A01B on Friday showed.

  • Dow Jones News: China Could Target Apple; Boeing Stock Sinks Despite Safety Initiative
    Motley Fool

    Dow Jones News: China Could Target Apple; Boeing Stock Sinks Despite Safety Initiative

    Apple could be collateral damage from the U.S. effort to rein in Huawei, and Boeing rolls out an initiative to help drive demand for air travel.

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