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This basket consists of stocks with large short positions against them.
The Procter & Gamble Company
Exxon Mobil Corporation
The Walt Disney Company
The Boeing Company
International Business Machines Corporation
General Electric Company
Two top Boeing executives met Thursday with Federal Aviation Administration chief Stephen Dickson amid signs of further delays in the return of the grounded 737 Max. In an email to key congressional committees, the FAA said Dickson is instructing agency safety experts to take as long as they need to review changes Boeing is making to the plane after two fatal crashes. Boeing, meanwhile, struck an upbeat tone in describing the meeting.
American Airlines is pushing back the return of its Boeing 737 Max planes another month, removing the plane from its schedule until April 7. American said Thursday that it based the decision on the latest guidance from the Federal Aviation Administration, the Transportation Department and Boeing. American CEO Doug Parker has said Boeing, not American, will shoulder the cost of those cancellations.
Shares of Amazon (AMZN) have slipped 6% in the past six months, while the S&P 500 climbed 9%. So when will Wall Street and investors start to think about buying Amazon stock again?
SEATTLE/PARIS (Reuters) - Boeing Co has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX's return to service which raised uncertainty over production plans. The U.S. Federal Aviation Administration said on Wednesday that the agency will not approve the grounded commercial jet for flight before year end, and said it was investigating production issues at the Boeing factory in Renton, Washington. FAA chief Steve Dickson, who met with Boeing Chief Executive Dennis Muilenburg on Thursday, is concerned that the U.S. airplane maker is pursuing a 737 MAX return-to-service schedule that is "not realistic," according to an email seen by Reuters.
Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials. The announcement came after a congressional hearing on Wednesday in which numerous lawmakers prodded the FAA to take a tougher line with Boeing as it continues to review the plane that has been grounded since March after two fatal crashes in Indonesia and Ethiopia that killed 346 people. FAA Administrator Steve Dickson said on Wednesday he would not clear the plane to fly before 2020 and disclosed the agency has an ongoing investigation into 737 production issues in Renton, Washington.
NEW YORK/WASHINGTON (Reuters) - Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of projected financial damages arising from the grounding of its 737 MAX aircraft. The airline, the world's largest 737 MAX operator, also said it would share with its employees proceeds of about $125 million from Boeing. Southwest said it continues to engage in talks with Boeing for further compensation related to the MAX grounding, adding that the details of the talks and the settlement were confidential.
Given the huge success of Disney's streaming service, investors could tap the opportune moment with consumer ETFs having the largest exposure to this global media and entertainment company.
Investing.com - The major stock indexes urged to new intraday highs, and the S&P; 500 and Nasdaq Composite indices closed at new records on reports that the United States and China have "an agreement in principle" on a phase one trade deal.
Southwest Airlines said Thursday it reached a settlement with Boeing to provide compensation for losses tied to the grounding of 737 MAX jets nine months ago. The US airline also said it would share $125 million in profits with employees including pilots next year, though it did not disclose details of the amount or nature of compensation. The 737 MAX has been grounded since mid-March following two deadly crashes that left 346 people dead.
Best Buy's (BBY) Building the New Blue: Chapter Two plan and buyouts are likely to keep its momentum alive in the near future. Also, a raised view for fiscal 2020 bodes well.
Reportedly, ExxonMobil (XOM) plans for shipment of two cargoes, each with a capacity to carry 1 million barrels of oil from deepwater Liza field in January.
Smucker (SJM) grapples with sluggish sales due to sale of its U.S. baking unit, lower net price realization and adverse currency fluctuations.