- Stocks & Income
- Posts
- ๐ช Is it finally time to bail out of Boeing?
๐ช Is it finally time to bail out of Boeing?
๐ And Walgreens delivered a bitter pill to investors
Iโll be in Nashville next week for our investor trip, so these emails may be a bit later in the day than youโre used to.
Consolidate your portfolio into Robinhood ๐ฐ
Get uncapped bonuses during HOOD Week.
Whether youโre an active trader or just looking to consolidate accounts, nowโs the time to make โRobinhoodโ your primary trading platform.
HOOD Week is designed for investors looking to consolidate their portfolios and boost their earnings.
From October 16 to 27, Robinhood is offering โuncapped bonusesโ for transferring your assets โ whether itโs stocks, cash, options, or IRAs.
What you can earn during HOOD Week:
1% bonus on brokerage transfers, ideal for individual and joint accounts.
2% bonus on transfers with margin balances (minimum $10k).
3% bonus on IRA transfers with Robinhood Gold โ the best way to grow your retirement savings.
Take advantage of this 12-day event and maximize your returns with these incredible offersโ.
Disclosures: Investing is risky. Bonus offers subject to terms and conditions, visitโ robinhood.com/hoodweekโ for more information. Margin is not suitable for all investors. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (memberโ SIPCโ), a registered broker dealer.
๐ฐ Market Headlines
Nasdaq leads market decline as chip stocks slump following ASML's disappointing earnings.
Vice President Kamala Harris maintained a slim 45% to 42% lead over Former President Donald Trump in the latest Reuters/Ipsos poll.
The US Department of Transportation fined Lufthansa $4 million for discrimination.
Google partnered with Kairos Power to build seven small nuclear reactors by 2035, which will provide 500 megawatts of power for its AI systems.
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
๐ฑ Fear and Greed Index
๐ค What you said last time
What you had to say:
โPeople with no other options must be content with what is offered.โ
๐ง What do you think?
Itโs been a tough year for Boeing.
Financial Maneuvers: Boeing is in the midst of a significant financial restructuring. The company plans to raise up to $25 billion through a combination of stock and debt offerings. Additionally, Boeing has secured a $10 billion credit agreement with major lenders. This move aims to address its current liquidity issues, exacerbated by a prolonged labor strike and ongoing operational and safety issues.
Stock and Debt Offerings: The decision to raise capital through selling shares and issuing debt has led to discussions about potential dilution of share value for current investors. Some market commentators have viewed this with skepticism, suggesting concern over the impact on stock value.
Credit Rating Concerns: Boeing's credit might be downgraded to junk status due to its need to raise significant capital, which reflects worries about the company's financial health.
Labor Strike: Boeing is dealing with a crippling labor strike, now in its second month, which has severely affected production. This strike compounds the financial strain on the company, leading to further cash flow problems.
Market Sentiment: The sentiment from financial news sources seems mixed but leans towards concern. While some posts highlight the strategic move to 'shore up' Boeing's balance sheet, others worry about the company's operational decisions and future profitability.
Regulatory and Production Crisis: Beyond the strike, Boeing continues to grapple with regulatory scrutiny and production issues, particularly related to the 737 MAX and other models, influencing its market perception and stock performance.
Can Boeing be saved? |
๐ Stocks
Get $20 free shares at โpublic.comโ using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Walgreens beat Q4 estimates; shares surged 15%.
UnitedHealth topped Q3 expectations, but shares dropped 8%.
United Airlines reported Q3 adjusted EPS beat estimates; shares dipped 0.84%.
Citigroup beat Q3 expectations, however, shares fell by 5.1%.
Goldman Sachs posted Q3 surpassing expectations, but stock inched down 2.3%.
Bank of America beat Q3 EPS estimates as shares rose 0.6%.
Market movers
WordPress took control of WP Engine's Advanced Custom Fields plugin, citing security concerns.
Data broker National Public Data filed for bankruptcy after a massive data breach.
Walgreens announced plans to close 1,200 stores over the next three years as part of a cost-cutting strategy.
A federal judge ruled Meta must face lawsuits from over 30 US states accusing it of encouraging social media addiction among teens.
Fairway Independent Mortgage Corporation was penalized $8.9 million by US regulators for alleged racial discrimination.
Boeing made plans to send layoff notices to thousands of workers in November, as part of its overall 17,000 planned layoffs.
Ideas, trends, and analysis
US consumers' long-run inflation expectations rose to 2.9% for five years ahead, up from 2.8% in August.
Expected credit delinquency rates surged to 14.2%, the highest level since April 2020.
๐ Global Perspectives
๐ช๐ธ๐ท๐บ Spanish authorities arrested four people suspected of shipping 14 tons of chemicals to Russia.
๐ฎ๐ฑ๐ต๐ธ An Israeli airstrike on a Gaza hospital killed several people sheltering in the complex.
๐ต๐ฐ๐จ๐ณ Pakistan agreed to increase security for Chinese citizens and projects following militant threats.
๐ฐ๐ต๐ท๐บ North Korean military engineers have been deployed to support Russian missile launches in Ukraine.
๐ Crypto
Canary Capital filed for a spot in Litecoin ETF with the SEC.
Coinbase escalated its legal battle with the SEC, filing a motion for partial summary judgment to access internal documents.
Blockstream secured $210 million in funding to accelerate Bitcoin Layer 2 technologies and expand its mining operations.
๐ง Errata
๐บ What to Watch Today
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
Reply