Boeing Co.'s specially modified jumbo jet for carrying oversize structures of the 787 Dreamliner to assembly plants in Washington and South Carolina is called the Dreamlifter. The past 18 months, culminating in Wednesday's first-quarter financial results, has been a nightmare.The aircraft manufacturer reported a $640 million net loss, and an adjusted earnings per share loss of $1.70,, stemming from a 26% drop in revenue due to the coronavirus crisis and the yearlong grounding of the 737 MAX after two deadly crashes within five months. Chicago-based Boeing Co. (NYSE: BA) warned that business will be depressed for some time. The slow road to global economic recovery means limited travel for the foreseeable future, which translates into airlines not seeking new airplanes and services. Airlines, struggling to stay in business, are delaying orders, slowing delivery schedules and deferring elective maintenance in an effort to preserve cash.CEO David Calhoun earlier warned that air travel won't...
April has seen steady growth on the S&P 500, as the index gained nearly 15%. It’s yet another sign that the stock market, at least, is recovering from the coronavirus-induced crash that began in February. The jury is still out on the economy as a whole; Q1 GDP was down by 4.8%, and unemployment insurance claims exploded to record levels in recent weeks.With such a clouded long-term forecast, and plenty of evidence for both the bulls and the bears, the smart play now is to buy into rising dividend stocks, shoring up the portfolio for whatever lies ahead. The advantage of such a fundamentally defensive strategy is obvious: stocks that are rising now will bring the immediate gains of share appreciation, while strong dividends will provide a steady income stream regardless of market conditions.We’ve used TipRanks database to seek out small-cap stocks with high dividends – that is, with yields exceeding...
President Donald Trump on Wednesday said his administration will soon release a plan to help U.S. oil companies, which Treasury Secretary Steven Mnuchin said could include adding millions of barrels of oil to already-teeming national reserves. The nation's strategic reserves are already 90% full and private storage has been filling rapidly. "We're also exploring potentially having the ability to store another several hundred million barrels, so we're looking at lots of different options," Mnuchin said during a White House briefing on the pandemic's effects on industry....
