Just when Boeing (BA) was beginning to think it had a leg up on Airbus and its troubled A350 and A380 programs, Emirates, the biggest Arab airline, gave the European company a $31 billion order.
So much for the Boeing 787 and stretch 747-8 ruling the skies.
Bloomberg quotes one expert as saying “It’s a tremendous win for the A350,” said Nick Cunningham, an analyst with Evolution Securities in London. “It validates the program and is exactly what it needs to get it off the ground.”
Boeing has seemed invincible for the last year or so, while Airbus bumbled through delays of the launches of its critical new planes. But the tables have been turned as of late. Boeing is now having trouble getting its 787 out the door.
Boeing’s shares, which were at $107 in early October now trade for $94, and the Emirates news is not likely to do them any good.
Douglas A. McIntyre
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
