Yet another stock that looks good for the long haul (we're talking 2 decades). Airplanes are here to stay. The infrastructure is already in place in developed economies, and emerging markets China, India, and smaller countries will continue to build new airports, which will need airplanes to move back and forth from the new cities China continues to build, creating new growth opportunities for the Boeing Co regardless of the current temporary weakness in emerging markets today.
The yield is presently at 3%, although w/ dividend increases over the years, at the same price th
An Obama win is bad for defense business. McCain win not a positive either, as he'll be under even more pressure to reduce war spending if he pulls off a win. Defense industry has had a fantastic 8 year run, so no real upside vs. past 8 years which typically means multiple compression.
Airline bankruptcies have been small to date, but are still coming in (XL Airways for inst) rather consistantly. This puts extra used-plane inventory out there for "foreclosure"-like asking prices. Not exactly the kind of environment a new airplane m
A government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) could be announced as early as today, with shareholders facing the grim prospect of having their equity completely erased along with other major executive changes at the companies in a move to stabilize the mortgage market.
Shares of smokeless tobacco company UST surged 25% on Friday on word that Altria (MO) will buy its smaller rival for $10 billion with a deal expected as early as tomorrow morning.
Japan-based Nomura Holdings may consider a strategic
Equities managed a comeback after yesterday's huge sell-off. Today was on little economic data, but "less bad" data from companies helped as well as overseas markets stabilizing before U.S. traders woke up this morning. We also did not see the continued flight to quality as sharply today in what looks like a Treasury Bubble right now.
Here are today's unofficial closing bell levels: DJIA: 8,423.08 (+3.31%) S&P500: 849.02 (+3.99) NASDAQ: 1,449.80 (+3.70)...
Boeing Co. (NYSE: BA) and its engineering union have come to terms on a contract. This is good news for Boeing and its workers. Boeing can continue designing aircraft and its engineers can enjoy a raise. Considering the economic climate in which this contract was negotiated, it is a testimony to Boeing's financial prospects that it was able to increase their pay. With a $276 billion backlog, Boeing could be among the healthiest companies around.
What are the terms of the deal? Boeing employs 20,500 Society of Professional Engineering Employees in Aerospa
Citigroup Inc. (NYSE: C) plans to sell its Japanese trust banking unit NikkoCiti Trust and Banking for about 40 billion yen ($416.7 million) as it struggles to survive the global financial crisis, according to the Nikkei. Also, a Citigroup fund, Citi Infrastructure Partners, is bidding 7.9 billion euros ($10.2 billion) to buy a Spanish highway operating f...
The market continued its march downward and, even after a relatively large Friday rally, the S&P 500 still finished down 8.4%. The price-to-peak earnings ratio has again reached another low at 9.0x. Clearly, this valuation metric is closely following the market as we are no longer anywhere near peak earnings levels. In fact, by our calculations earnings at present are just two-thirds of record earnings for the S&P 500, a level that was reached in the summer of 2007. This is an extreme situation that does not occur often.
Many stocks are selling at or near book value. Think about the si
Dell Inc. (NASDAQ: DELL), the personal computer maker, is due to report its financial results after the market close. The company is expected to post a 9% drop in earnings to 31 cents per share, according to Briefing.com. DELL shares were 1.5% higher in premarket trade (8:00 am).
General Electric Co. (NYSE: GE) is seeking funds from China Investment Corp., Governmen...
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