Tag Archives: ERJ

Boeing Will Close 2017 as Top DJIA Stock

Boeing Co.’s (NYSE: BA) share price added less than half a point last week but it was not for lack of good news. With just a week to go in 2017, the aerospace giant is a sure thing to close out the year as the best performing stock among the 30 stocks that make up the Dow Jones Industrial Average (DJIA). Shares gained $1.76 last week to boost the year-to-date gain to nearly 90%.

Of the three other Dow stocks closest to Boeing’s yearly gain, Caterpillar Inc. (NYSE: CAT) rose by about 6.2% to a gain of nearly 68% for the year, Apple Inc. (NASDAQ: AAPL) added about 0.6% to close the week up just over 51% for the year to date, and Visa Inc. (NYSE: V) dropped about 1% to lower its annual gain to just over 44%.

Boeing’s week began with a final determination from the U.S. Department of Commerce on Boeing’s complaint against Canadian aircraft maker Bombardier for dumping the company’s CS-100 at below cost in the United States. The agency reiterated its 300% duty on imported Bombardier planes seating 100 to 150 passengers.

The U.S. International Trade Commission (ITC) will now rule on whether Boeing was harmed by Bombardier’s sale. If not, the complaint and the tariff disappear unless Boeing appeals. If the ITC does conclude that the sale harmed Boeing, Bombardier’s CS-100 planes imported into the United States will be charged the duty fees. Bombardier will certainly appeal.

On Thursday Boeing signed a firm order with UAE-based flydubai airlines for 175 of the company’s 737 MAX jets. The airline committed to the order at the Dubai Air Show last month, but the firm order adds the planes to Boeing’s backlog.

Boeing also confirmed on Thursday that it has discussed a “possible combination” with Brazil’s Embraer S.A. (NYSE: ERJ), a response to the deal Bombardier struck with Airbus in which the European company took control of Bombardier’s C Series program. A deal between Boeing and Embraer is no sure thing, mainly because the Brazilian government holds a controlling interest in Embraer.

On Friday, Boeing announced that it has sold a KC-46 refueling tanker to Japan on fixed-price contract valued at $279 million. This could be a big deal because it is the first KC-46 Boeing has sold to a non-U.S. buyer.

The U.S. Air Force also awarded Boeing a contract to sell 36 F-15 fighter jets to Qatar in a deal worth $6.1 billion. The sale had originally been set at 72 aircraft with a contract value of more than $21 billion.

Boeing stock closed at $295.10 on Friday, up less than 0.1% on the day, in a 52-week trading range of $154.96 to $97.37. The high was posted Friday morning. The 12-month consensus price target is $299.33, down about $7.80 from last week’s target. The low price target is $203 and the high is $350.

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General Electric Will Certainly Be 2017’s Worst DJIA Stock

Boeing Will Close 2017 as Top DJIA Stock

Boeing Co.’s (NYSE: BA) share price added less than half a point last week but it was not for lack of good news. With just a week to go in 2017, the aerospace giant is a sure thing to close out the year as the best performing stock among the 30 stocks that make up the Dow Jones Industrial Average (DJIA). Shares gained $1.76 last week to boost the year-to-date gain to nearly 90%.

Of the three other Dow stocks closest to Boeing’s yearly gain, Caterpillar Inc. (NYSE: CAT) rose by about 6.2% to a gain of nearly 68% for the year, Apple Inc. (NASDAQ: AAPL) added about 0.6% to close the week up just over 51% for the year to date, and Visa Inc. (NYSE: V) dropped about 1% to lower its annual gain to just over 44%.

Boeing’s week began with a final determination from the U.S. Department of Commerce on Boeing’s complaint against Canadian aircraft maker Bombardier for dumping the company’s CS-100 at below cost in the United States. The agency reiterated its 300% duty on imported Bombardier planes seating 100 to 150 passengers.

The U.S. International Trade Commission (ITC) will now rule on whether Boeing was harmed by Bombardier’s sale. If not, the complaint and the tariff disappear unless Boeing appeals. If the ITC does conclude that the sale harmed Boeing, Bombardier’s CS-100 planes imported into the United States will be charged the duty fees. Bombardier will certainly appeal.

On Thursday Boeing signed a firm order with UAE-based flydubai airlines for 175 of the company’s 737 MAX jets. The airline committed to the order at the Dubai Air Show last month, but the firm order adds the planes to Boeing’s backlog.

Boeing also confirmed on Thursday that it has discussed a “possible combination” with Brazil’s Embraer S.A. (NYSE: ERJ), a response to the deal Bombardier struck with Airbus in which the European company took control of Bombardier’s C Series program. A deal between Boeing and Embraer is no sure thing, mainly because the Brazilian government holds a controlling interest in Embraer.

On Friday, Boeing announced that it has sold a KC-46 refueling tanker to Japan on fixed-price contract valued at $279 million. This could be a big deal because it is the first KC-46 Boeing has sold to a non-U.S. buyer.

The U.S. Air Force also awarded Boeing a contract to sell 36 F-15 fighter jets to Qatar in a deal worth $6.1 billion. The sale had originally been set at 72 aircraft with a contract value of more than $21 billion.

Boeing stock closed at $295.10 on Friday, up less than 0.1% on the day, in a 52-week trading range of $154.96 to $97.37. The high was posted Friday morning. The 12-month consensus price target is $299.33, down about $7.80 from last week’s target. The low price target is $203 and the high is $350.

24/7 Wall St.
General Electric Will Certainly Be 2017’s Worst DJIA Stock

Stocks Inch Higher as Shutdown Threat Looms

U.S. stocks inched higher on Thursday as enthusiasm for the GOP’s tax cut plan was eclipsed somewhat by the need to pass a new budget bill to avoid a government shutdown. The House is set to vote later today on a bill to keep the doors open through Jan. 19. Congress is also looking ahead to 2018, with chatter of priorities that include infrastructure and welfare reform.

In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.06% and the Russell 2000 gained 0.5%. Meanwhile, Treasury bonds were mixed, the dollar was mixed, gold gained 0.1% and crude oil gained 0.5%.

stocksinvestorplace.com/wp-content/uploads/2017/12/rut122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/rut122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/rut122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/rut122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/rut122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/rut122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/rut122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/rut122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/rut122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/rut122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/rut122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/rut122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Breadth was positive, with 1.6 advancers for every declining issue. Volume was light ahead of the holiday, with NYSE activity at just 85% of its 30-day average. Energy led the way with a 2.1% gain, while utilities were the laggards, down 1.2%.

Brazilian aircraft maker Embraer SA (ADR) (NYSE:ERJ) gained 22.2% on a confirmation it held takeover talks with Boeing Co (NYSE:BA). Footwear retailer Finish Line Inc (NASDAQ:FINL) gained 12.9% after reporting a narrower-than-expected loss on increased traffic.

On the downside, Bed Bath & Beyond Inc. (NASDAQ:BBBY) lost nearly 13% despite reporting strong quarterly results on flat comp-store sales amid a focus on weak margins. Biogen Inc (NASDAQ:BIIB) lost 3.3% after an independent data monitoring committee found a drug candidate for Alzheimer’s treatment isn’t meet goals.

Conclusion

stocksinvestorplace.com/wp-content/uploads/2017/12/jnk122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/jnk122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/jnk122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/jnk122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/jnk122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/jnk122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/jnk122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/jnk122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/jnk122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/jnk122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/jnk122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/jnk122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Credit markets continue to flash warning signs, with junk bond ETFs dribbling lower all session. Keep an eye on this space, with the GOP tax plan set to pour gasoline on the economy at a time when it’s running above capacity with a very tight labor market.

Not only will this put upward pressure on yields (because of higher GDP growth expectations) but will also boost inflation expectations. And thus, encourage the Federal Reserve to be more aggressive in their rate hike path in 2018.

The result, of course, will be that higher yields push down bond prices.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

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Stocks Inch Higher as Shutdown Threat Looms

U.S. stocks inched higher on Thursday as enthusiasm for the GOP’s tax cut plan was eclipsed somewhat by the need to pass a new budget bill to avoid a government shutdown. The House is set to vote later today on a bill to keep the doors open through Jan. 19. Congress is also looking ahead to 2018, with chatter of priorities that include infrastructure and welfare reform.

In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.06% and the Russell 2000 gained 0.5%. Meanwhile, Treasury bonds were mixed, the dollar was mixed, gold gained 0.1% and crude oil gained 0.5%.

stocksinvestorplace.com/wp-content/uploads/2017/12/rut122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/rut122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/rut122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/rut122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/rut122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/rut122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/rut122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/rut122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/rut122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/rut122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/rut122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/rut122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Breadth was positive, with 1.6 advancers for every declining issue. Volume was light ahead of the holiday, with NYSE activity at just 85% of its 30-day average. Energy led the way with a 2.1% gain, while utilities were the laggards, down 1.2%.

Brazilian aircraft maker Embraer SA (ADR) (NYSE:ERJ) gained 22.2% on a confirmation it held takeover talks with Boeing Co (NYSE:BA). Footwear retailer Finish Line Inc (NASDAQ:FINL) gained 12.9% after reporting a narrower-than-expected loss on increased traffic.

On the downside, Bed Bath & Beyond Inc. (NASDAQ:BBBY) lost nearly 13% despite reporting strong quarterly results on flat comp-store sales amid a focus on weak margins. Biogen Inc (NASDAQ:BIIB) lost 3.3% after an independent data monitoring committee found a drug candidate for Alzheimer’s treatment isn’t meet goals.

Conclusion

stocksinvestorplace.com/wp-content/uploads/2017/12/jnk122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/jnk122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/jnk122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/jnk122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/jnk122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/jnk122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/jnk122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/jnk122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/jnk122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/jnk122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/jnk122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/jnk122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Credit markets continue to flash warning signs, with junk bond ETFs dribbling lower all session. Keep an eye on this space, with the GOP tax plan set to pour gasoline on the economy at a time when it’s running above capacity with a very tight labor market.

Not only will this put upward pressure on yields (because of higher GDP growth expectations) but will also boost inflation expectations. And thus, encourage the Federal Reserve to be more aggressive in their rate hike path in 2018.

The result, of course, will be that higher yields push down bond prices.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers

Stocks Inch Higher as Shutdown Threat Looms

U.S. stocks inched higher on Thursday as enthusiasm for the GOP’s tax cut plan was eclipsed somewhat by the need to pass a new budget bill to avoid a government shutdown. The House is set to vote later today on a bill to keep the doors open through Jan. 19. Congress is also looking ahead to 2018, with chatter of priorities that include infrastructure and welfare reform.

In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.06% and the Russell 2000 gained 0.5%. Meanwhile, Treasury bonds were mixed, the dollar was mixed, gold gained 0.1% and crude oil gained 0.5%.

stocksinvestorplace.com/wp-content/uploads/2017/12/rut122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/rut122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/rut122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/rut122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/rut122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/rut122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/rut122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/rut122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/rut122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/rut122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/rut122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/rut122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Breadth was positive, with 1.6 advancers for every declining issue. Volume was light ahead of the holiday, with NYSE activity at just 85% of its 30-day average. Energy led the way with a 2.1% gain, while utilities were the laggards, down 1.2%.

Brazilian aircraft maker Embraer SA (ADR) (NYSE:ERJ) gained 22.2% on a confirmation it held takeover talks with Boeing Co (NYSE:BA). Footwear retailer Finish Line Inc (NASDAQ:FINL) gained 12.9% after reporting a narrower-than-expected loss on increased traffic.

On the downside, Bed Bath & Beyond Inc. (NASDAQ:BBBY) lost nearly 13% despite reporting strong quarterly results on flat comp-store sales amid a focus on weak margins. Biogen Inc (NASDAQ:BIIB) lost 3.3% after an independent data monitoring committee found a drug candidate for Alzheimer’s treatment isn’t meet goals.

Conclusion

stocksinvestorplace.com/wp-content/uploads/2017/12/jnk122117-300×183.jpg 300w, investorplace.com/wp-content/uploads/2017/12/jnk122117-768×470.jpg 768w, investorplace.com/wp-content/uploads/2017/12/jnk122117-1024×626.jpg 1024w, investorplace.com/wp-content/uploads/2017/12/jnk122117-49×30.jpg 49w, investorplace.com/wp-content/uploads/2017/12/jnk122117-200×122.jpg 200w, investorplace.com/wp-content/uploads/2017/12/jnk122117-400×245.jpg 400w, investorplace.com/wp-content/uploads/2017/12/jnk122117-116×71.jpg 116w, investorplace.com/wp-content/uploads/2017/12/jnk122117-100×61.jpg 100w, investorplace.com/wp-content/uploads/2017/12/jnk122117-82×50.jpg 82w,https://investorplace.com/wp-content/uploads/2017/12/jnk122117-78×48.jpg 78w, investorplace.com/wp-content/uploads/2017/12/jnk122117-800×489.jpg 800w, investorplace.com/wp-content/uploads/2017/12/jnk122117-170×104.jpg 170w” sizes=”(max-width: 600px) 100vw, 600px” />

Credit markets continue to flash warning signs, with junk bond ETFs dribbling lower all session. Keep an eye on this space, with the GOP tax plan set to pour gasoline on the economy at a time when it’s running above capacity with a very tight labor market.

Not only will this put upward pressure on yields (because of higher GDP growth expectations) but will also boost inflation expectations. And thus, encourage the Federal Reserve to be more aggressive in their rate hike path in 2018.

The result, of course, will be that higher yields push down bond prices.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers