Boeing Buying Spirit Aerosystems is a Positive Step to Improve Safety, But We Still See Issues With BA
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at just $33.80 per share after [...]
Weekly Market Recap: Tech Tumbles and Economic Data Takes Center Stage
Monday: Investors sold off technology stocks as they awaited critical inflation data, leading to a mixed close on Wall Street. The Dow edged up by 0.7%, contrasting with a 0.3% dip in the S&P 500 and a 1.1% drop in the Nasdaq. Tuesday: A mix of poor economic indicators and a tech rally led to another day of mixed [...]
Walgreens Stock Plummets 22% After Disappointing Q3 Results: Why it’s Time to Cut Losses on WBA
Shares of Walgreens Boots Alliance (WBA) are down 22% this week after taking a nosedive Thursday on the heels of a disappointing Q3 performance coupled with a downtrodden outlook. This is the lowest we’ve seen the stock in 27 years, and we don’t see light at the end of the tunnel. The company’s fiscal third quarter sales grew to [...]
Micron Tech Tumbles 6% on Less Than Fantastic Forecast: 3 Reasons It’s STILL Time to Buy MU
Micron Tech (MU) reported its fiscal Q3 earnings results alongside a forecast for the final quarter of the fiscal year, and shares slid 6% as investors were expecting more. Revenue came in at $6.81 billion for the quarter, which was a whopping 81% improvement year over year. Analysts were expecting $6.61 billion. Meanwhile, earnings per share of 62 cents [...]
Navigating the Economic Tides: What Consumer Confidence Trends Mean for Your Investment Strategy
Are you feeling the economic uncertainty in the air? You're not alone. Recent data on consumer confidence paints a complex picture of the current economic landscape, with implications that could significantly impact your investment decisions. The latest Consumer Confidence Index has dipped to 100.4 in June from 101.3 in May. While this might seem like a minor shift, it's [...]
FedEx Cost Cuts and Upbeat Outlook Send Shares 14% Higher: 3 Other Reasons to BUY FDX
It had been a tough past few months for FedEX (FDX) investors, who watched their positions plummet 14%. But shares have recovered all that and more today after the delivery company released positive 4th quarter results for fiscal 2024. Earnings came in at $5.94 per share, which was ahead of the analyst expectation of $5.34 but lagged behind last [...]
