Boeing Co. (NYSE: BA) stock regained some ground last week after dropping about 3.4% in the prior week. Shares added 2.86% last week, but that was less than the Dow Jones industrial average’s gain of nearly 3.5%. The stock remains the Dow’s best performer for the year to date, however, with a gain of 20.2%.
The second-best performer among the Dow 30 so far this year is Cisco Systems Inc. (NASDAQ: CSCO), up about 18.5%, followed by Intel Corp. (NASDAQ: INTC), which is about 13.1% higher. Then comes Microsoft Corp. (NASDAQ: MSFT), up about 12.9%, and JPMorgan Chase & Co. (NYSE: JPM), up about 10.4%. More than half of the 30 Dow stocks (17) have posted year-to-date gains as of Friday.
The Dow added nearly 850 points over the course of the past week and closed at 25,355.74, up nearly 3.5% for the week.
Hawaiian Airlines finally pulled the trigger on an order for 10 787 Dreamliners after canceling an order for six Airbus A330-800s. The story broke more than two weeks ago, but the confirmed order gave Boeing’s stock a shot in the arm.
On Wednesday, the U.S. Air Force issued a statement concerning the new KC-46A refueling tanker. Boeing was to have delivered the first batch of 18 to the Air Force by August, but that that delivery has been delayed until the end of the year. Boeing so far has taken charges of around $2 billion on the program, and more are certainly possible.
Boeing’s shares closed up about 1.7% on Friday to $354.52, in a 52-week trading range of $173.75 to $371.60. The consensus 12-month price target on the stock is $386.78, unchanged in the past week. The low end of the price target range is $289 and the high end is $470.
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
