ITA

Inflection Points: And Just Like That... Rising Election Risk

Harris Or Trump – Defense Stocks Are Winning, Tech Battle, Personal Income Drops, Trump Crypto Push

The market is reaching a consensus that defense stocks are winners irrespective of Trump or Harris winning the election. The consensus is that defense spending is going to go up irrespective of who wins. Trump is good for small caps but Harris is not. The new personal income and spending data for the U.S. Is expected to be positive.

What's Going On With Boeing Shares On Thursday?

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge. The air carrier will pay a maximum fine of $487.2 million and pay at least $243.6 million to the Justice Department. The company will invest $455 million over three years to enhance safety and compliance programs.

Biden To Address Nation On Decision To Exit 2024 Presidential Race, Outline Goals For Remaining Six Months

President Joe Biden is set to address the nation on Wednesday night to discuss his decision to leave the presidential race. He is expected to outline his priorities for his final six months in office. Biden is also expected to discuss securing a hostage deal in the Middle East to release those held by Hamas.

Boeing Resumes 737 MAX Deliveries To China After Regulatory Delay: Report

Boeing has reportedly resumed deliveries of its 737 MAX aircraft to China. The deliveries had been stalled for weeks due to a Chinese regulatory review of the batteries powering the cockpit voice recorder. Boeing's new plane deliveries to China have faced delays since 2019 after two fatal crashes.

GE Aerospace Wins Orders From EVA Air And American Airlines: Details

GE Aerospace reported second-quarter 2024 adjusted revenue growth of 4% year-over-year to $8.22 billion. American Airlines Group, Inc. Has finalized an order for 180 CF34-8E engines for Embraer 175 regional jets. EVA Air has also ordered GE Aerospace's GEnx engines for their new aircraft.

Why Is Boeing Stock Seeing Blue Skies Today?

Boeing announced it has won contracts from major airline operators. The company disclosed an order for 20 additional 777-9 planes from Qatar Airways. Boeing forecasts a 3% increase in airplane deliveries over the next 20 years. Boeing stock has lost around 14% in the last 12 months.

Tuesday's ETF Movers: ITA, CQQQ