Options Update: Boeing Volatility Flat; Shares Down Canceled 787 Flight Tests originally appeared on BloggingStocks on Fri, 12 Nov 2010 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Boeing's 787 Dreamliner Survives First Lightning Strike in Good Shape

Boeing's 787 Dreamliner Survives First Lightning Strike in Good Shape originally appeared on BloggingStocks on Fri, 18 Jun 2010 16:30:00 EST. Please see our terms for use of feeds.

Continue reading Boeing Upgraded by Goldman Sachs

Boeing Upgraded by Goldman Sachs originally appeared on BloggingStocks on Mon, 10 May 2010 10:00:00 EST. Please see our terms for use of feeds.

Boeing (BA) closed at $55.60. Boeing plans to fly its new 787 Dreamliner for the first time as early as this week. BA December option implied volatility is at 30, January is at 33, February is at 35; versus its 26-week average of 34, according to Track Data, suggesting non-directional price movement.

Yahoo (YHOO) closed at $15.74. YHOO January option implied volatility is at 29; April is at 32; below its 26-week average of 42, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Boeing volatility flat into Dreamliner first flight originally appeared on BloggingStocks on Mon, 14 Dec 2009 08:00:00 EST. Please see our terms for use of feeds.

Word that Boeing's next-generation plane, the 787 Dreamliner, may not fly until 2010, according to The Seattle Times, is bad news not just for the company, it's a negative data point for the U.S. economy.

The 787's engineers must correct a wing flaw that extends to inside the plane: 17 long stiffening rods, called "stringers," on each wing's upper skin, sustained damage that occurred just beyond the aircraft's "limit load," which is the maximum load the wing is expected to bear in service, The Times said. In other words, the wing damage occurred when the wing was well below the load the wings must bear to be federally certified to carry passengers.

Continue reading Boeing 787's wing flaw: A data point the U.S. economy does not need

Boeing 787's wing flaw: A data point the U.S. economy does not need originally appeared on BloggingStocks on Mon, 03 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

Continue reading Boeing downgraded by Barclays Capital

Boeing downgraded by Barclays Capital originally appeared on BloggingStocks on Mon, 27 Jul 2009 09:40:00 EST. Please see our terms for use of feeds.

Continue reading Ray of Light: Boeing says 787 still on schedule for Q1 2010 delivery

Ray of Light: Boeing says 787 still on schedule for Q1 2010 delivery originally appeared on BloggingStocks on Tue, 10 Mar 2009 13:30:00 EST. Please see our terms for use of feeds.

Continue reading Is that plane Boeing's 787 or the 7-Late-7 Dreamliner?

Is that plane Boeing's 787 or the 7-Late-7 Dreamliner? originally appeared on BloggingStocks on Mon, 16 Feb 2009 17:30:00 EST. Please see our terms for use of feeds.

Continue reading Boeing sees huge drop in jet orders

Boeing sees huge drop in jet orders originally appeared on BloggingStocks on Thu, 05 Feb 2009 17:10:00 EST. Please see our terms for use of feeds.

Boeing (NYSE:BA) delayed the launch of its 787 Dreamliner four times. That certainly allowed some customers to ask for penalties and it even may have allowed some airlines to cancel orders without financial consequences. Boeing has already reported a bad quarter due to weak sales and a worker strike. The recession in air travel and Boeing's tardiness in getting its new aircraft out the door may be about to exact a very large pound of flesh from the U.S. firm.

According to The Wall Street Journal, "A Dubai-based aircraft-leasing company called LCAL -- set up specifically to handle the Boeing 787 Dreamliner -- has decided to cancel 16 of the 21 jetliners it had on order."

Continue reading Boeing's (BA) future gets more bleak

Boeing's (BA) future gets more bleak originally appeared on BloggingStocks on Thu, 05 Feb 2009 10:35:00 EST. Please see our terms for use of feeds.

Continue reading Boeing posts modest Q4 on strike, to cut 10,000 jobs in 2009

Boeing posts modest Q4 on strike, to cut 10,000 jobs in 2009 originally appeared on BloggingStocks on Wed, 28 Jan 2009 15:49:00 EST. Please see our terms for use of feeds.

Boeing Co. (NYSE: BA) is scheduled to release fourth-quarter and full-year 2008 results tomorrow morning, January 28, before the market opens. Chairman, President, and Chief Executive Officer Jim McNerney and Corporate President and Chief Financial Officer James Bell will discuss the results and company outlook in a conference call at 10:30 AM Eastern. You can catch the live webcast of the call at the company's website.

For the quarter that saw labor trouble and continued delays of the 787 Dreamliner, analysts polled by Thomson Reuters expect Boeing to report that its profit fell 42.2% from a year ago to $0.78 per share. Revenue for the quarter is expected to total $13.4 billion, which is 23.3% lower than a year ago. Boeing fell short of earnings estimates by pennies per share in the previous two quarters. Back in December, Boeing increased its quarterly dividend by 5%.

Continue reading Boeing Q4 profit expected to drop 42%

Boeing Q4 profit expected to drop 42% originally appeared on BloggingStocks on Tue, 27 Jan 2009 17:55:00 EST. Please see our terms for use of feeds.

Continue reading Biggest headwind Boeing, Airbus face these days is the recession

Biggest headwind Boeing, Airbus face these days is the recession originally appeared on BloggingStocks on Fri, 16 Jan 2009 18:00:00 EST. Please see our terms for use of feeds.

Continue reading With 787, 747-8 roll-outs delayed, runway getting bumpy for Boeing

With 787, 747-8 roll-outs delayed, runway getting bumpy for Boeing originally appeared on BloggingStocks on Mon, 17 Nov 2008 15:41:00 EST. Please see our terms for use of feeds.

Boeing (NYSE:BA) made a major tactical mistake by letting its machinists go on strike for weeks. It ended up giving the workers a good contract and, in the meantime, it shut down the company when its back orders for aircraft were at record levels. Of course, that upset a large number of the firm's customers who are waiting for the new fuel-efficient Dreamliner, which will be the new flagship of Boeing's fleet.

Management at Boeing does not seem to have learned a single thing from the last work stoppage and is risking another one that could further undermine its stock price and earnings.

According to The Wall Street Journal, "In an effort to ratchet up pressure on Boeing Co. negotiators, leaders of the union that represents about 21,000 of the company's white-collar engineers and technical workers said they will ask their members to authorize a strike in the event that the two sides are unable to agree on a new labor contract." Current contracts expire on December 1, so there is not much time.

Investors would think that, with such huge revenue coming in from the delivery of new planes over the next several years, that the company would do as much as possible to keep its earnings and credibility up with its largest customers intact. Management would rather get a few extra bucks in labor expense savings.

Maybe that is why Boeing's shares, at $43, are less than 50% of its 52-week high.

Douglas A. McIntyre is an editor at 24/7 Wall St.

Boeing (BA): Labor trouble, again originally appeared on BloggingStocks on Fri, 14 Nov 2008 10:30:00 EST. Please see our terms for use of feeds.

Continue reading Boeing delays 787 Dreamliner test flight to beyond Q4, citing previous strike

Boeing delays 787 Dreamliner test flight to beyond Q4, citing previous strike originally appeared on BloggingStocks on Wed, 05 Nov 2008 16:00:00 EST. Please see our terms for use of feeds.

Continue reading American Airlines' Q3 earnings fall 74% on fuel costs, orders 42 Boeing 787s

American Airlines' Q3 earnings fall 74% on fuel costs, orders 42 Boeing 787s originally appeared on BloggingStocks on Thu, 16 Oct 2008 12:20:00 EST. Please see our terms for use of feeds.

In the space of a short month, the financial universe has been reordered.

Europe and the United States have launched major interventions plans to stabilize the global financial system. China has cut interest rates and pledged to help further to normalize financial flows. The Treasury Secretary of Russia and the U.S. Treasury Secretary are negotiating with the same goal in mind.

There's even been progress on New York's Second Avenue Subway Line, second only to, perhaps, the Burma Road in the length of time needed to complete a public works project.

Meanwhile, in Seattle . . . Boeing and the union representing machinists remain at loggerheads over a new contract, with work idled since September 6.

The work stoppage is costing Boeing (NYSE: BA) about $100 million per day, Bloomberg News reported. Even worse, lack of progress toward a new contract with the International Association of Machinists and Aerospace Workers could ultimately cost both sides much more, says stock analyst C. Leonard Bauer.

"If the strike is not settled in a week it invariably will force another roll-out delay in the first 787 Dreamliners, and in other airplanes, which would be major operational setbacks for Boeing and the machinists," Bauer said. "We're talking purchase delays and order cancellations by airlines. That will both lower projected revenue and result in lost jobs." Bauer added that he does not have a rating on nor own shares in Boeing or any airplane manufacturer.

Continue reading Through it all, Boeing and machinists' union keep fighting

Through it all, Boeing and machinists' union keep fighting originally appeared on BloggingStocks on Tue, 14 Oct 2008 12:55:00 EST. Please see our terms for use of feeds.

With its stock down 53% since it announced the first delay in the 787 Dreamliner, it would be an understatement to say that Boeing (NYSE: BA) is going through a rough patch. It has been a month since its 27,000 machinists went on strike and both sides are hurting. Now they are resuming negotiations.

How much pain is this strike creating? Boeing could lose $1.75 billion worth of revenue and take a 13% earnings hit if the strike ends up lasting seven weeks. Meanwhile, machinists -- who average $26 an hour -- are making $3.75 an hour worth of strike pay (assuming a 40 hour week for their $150 a week strike pay packet).

The dispute between Boeing and its machinists appears to be about several issues. But the most important one seems to be that Boeing wants to have the flexibility to outsource work and machinists want to limit that flexibility. I think they should agree to a compromise which would give the machinists a chance to make a proposal to keep work with them if they can do the work well at a competitive price.

Continue reading Boeing (BA) to revive talks with machinists union

Boeing (BA) to revive talks with machinists union originally appeared on BloggingStocks on Thu, 09 Oct 2008 10:50:00 EST. Please see our terms for use of feeds.

Continue reading Potential Boeing 787 order delay for Japan ends sad September for investors

Potential Boeing 787 order delay for Japan ends sad September for investors originally appeared on BloggingStocks on Tue, 30 Sep 2008 17:15:00 EST. Please see our terms for use of feeds.