We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shares of Boeing (BA - Free Report) climbed nearly 2.5% on Monday as it looks to buck a nearly month-long downturn fueled by tariff-related woes and possible Chinese retaliation. Aside from reports that these potentially devastating headwinds might have been overblown, some substantive Boeing-related news helped push the stock higher today. Let’s take a look.
Startup Investment
Boeing just announced that it was part of a $15 million Series A investment round for Australian Internet of Things startup, Myriota.
Myriota’s direct-to-orbit platform can enable more effective, lower cost connectivity for IoT applications across a range of industries, from logistics to defense, in relatively off-the-grid areas.
“Myriota's technology influences how we think about space-based communications and connectivity in remote locations,” vice president of Boeing HorizonX, Steve Nordlund, said in a statement.
The aerospace giant made this investment through its venture capital leg, Boeing HorizonX. Boeing’s Myriota investment marked its first outside the U.S. and its 10th since the company launched the fund last April.
Last Friday, Reuters reported that American Airlines (AAL - Free Report) ended its negotiations with Airbus (EADSY - Free Report) to purchase a large number of aircraft. Europe-based Airbus noted that it was simply unable to meet or match the price Boeing offered for comparable planes.
American is reportedly looking to purchase roughly 30 new wide-bodied aircraft, which could value any potentially deal with Boeing at roughly $8 billion.
Dreamliner Delivery
Boeing delivered its first 787-10 Dreamliner to Singapore Airlines on Sunday. This is hardly an insignificant move as the company has banked a large portion of its future on the Dreamliner class of aircraft, of which the 787-10 is the largest of three planes in terms of length and passenger capacity.
The aircraft reportedly costs roughly $325 million and is the latest and final—at least for the time being— model of the Dreamliner series, which debuted in 2012.
Virtual Reality
The last piece of Boeing news that might have helped lift investor confidence comes in the form of a National Safety Council recognition. Boeing joined Accenture (ACN - Free Report) and Brigham Health Sleep Matters Initiative as a 2018 Green Cross for Safety Innovation Award Finalist.
Boeing cracked the list for its use of virtual reality technology to help engineers with real-time interactive simulations of build processes and service tasks. The VR allows the design team to “experience those tasks from the perspective of a production mechanic or airline maintenance mechanic and identify issues before they become a safety concern.”
The National Safety Council noted that Boeing has developed 11 different virtual reality systems so far, and plans to add three more in 2018.
Bottom Line
Boeing is a Zacks Rank #1 (Strong Buy) and also currently boasts an “A” for Growth in our Style Scores system. On top of that, Boeing stock comes at a discount compared to where it was just a few months ago, as its stock price sunk nearly 10% over the last four weeks alone.
Now might not be a bad time to buy Boeing stock, especially when considering the latest company-related news that could propel further growth.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Why Did Boeing (BA) Stock Pop on Monday?
Shares of Boeing (BA - Free Report) climbed nearly 2.5% on Monday as it looks to buck a nearly month-long downturn fueled by tariff-related woes and possible Chinese retaliation. Aside from reports that these potentially devastating headwinds might have been overblown, some substantive Boeing-related news helped push the stock higher today. Let’s take a look.
Startup Investment
Boeing just announced that it was part of a $15 million Series A investment round for Australian Internet of Things startup, Myriota.
Myriota’s direct-to-orbit platform can enable more effective, lower cost connectivity for IoT applications across a range of industries, from logistics to defense, in relatively off-the-grid areas.
“Myriota's technology influences how we think about space-based communications and connectivity in remote locations,” vice president of Boeing HorizonX, Steve Nordlund, said in a statement.
The aerospace giant made this investment through its venture capital leg, Boeing HorizonX. Boeing’s Myriota investment marked its first outside the U.S. and its 10th since the company launched the fund last April.
Potential American Airlines Deal
Last Friday, Reuters reported that American Airlines (AAL - Free Report) ended its negotiations with Airbus (EADSY - Free Report) to purchase a large number of aircraft. Europe-based Airbus noted that it was simply unable to meet or match the price Boeing offered for comparable planes.
American is reportedly looking to purchase roughly 30 new wide-bodied aircraft, which could value any potentially deal with Boeing at roughly $8 billion.
Dreamliner Delivery
Boeing delivered its first 787-10 Dreamliner to Singapore Airlines on Sunday. This is hardly an insignificant move as the company has banked a large portion of its future on the Dreamliner class of aircraft, of which the 787-10 is the largest of three planes in terms of length and passenger capacity.
The aircraft reportedly costs roughly $325 million and is the latest and final—at least for the time being— model of the Dreamliner series, which debuted in 2012.
Virtual Reality
The last piece of Boeing news that might have helped lift investor confidence comes in the form of a National Safety Council recognition. Boeing joined Accenture (ACN - Free Report) and Brigham Health Sleep Matters Initiative as a 2018 Green Cross for Safety Innovation Award Finalist.
Boeing cracked the list for its use of virtual reality technology to help engineers with real-time interactive simulations of build processes and service tasks. The VR allows the design team to “experience those tasks from the perspective of a production mechanic or airline maintenance mechanic and identify issues before they become a safety concern.”
The National Safety Council noted that Boeing has developed 11 different virtual reality systems so far, and plans to add three more in 2018.
Bottom Line
Boeing is a Zacks Rank #1 (Strong Buy) and also currently boasts an “A” for Growth in our Style Scores system. On top of that, Boeing stock comes at a discount compared to where it was just a few months ago, as its stock price sunk nearly 10% over the last four weeks alone.
Now might not be a bad time to buy Boeing stock, especially when considering the latest company-related news that could propel further growth.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>