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Boeing shares plunge as 737 MAX may not get approved to return until mid-year: source

Boeing Co shares plunged on Tuesday after the planemaker told airlines and suppliers it now forecasts it does not expect to win approval from regulators for the return of the 737 MAX to service until June or July – significantly longer than some forecasts – a source briefed on the matter said. Boeing’s best-selling plane has been grounded since March after two fatal crashes killed 346 people in five months. Boeing shares fell 5.5% and were halted for pending news. …read more […]

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RPTS: Boeing seeks $10B loans

Troubles continue for Boeing as they are reportedly looking to secure $10 billion in loans and a New York Times report linked a Turkish Airlines crash to the company. Yahoo Finance’s Julie Hyman, Adam Shapiro, Alexis Keenan, Akiko Fujita and Jim Awad of Clearstead Advisors discuss. …read more […]

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Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes

The term ‘buy when there’s blood in the streets’ was coined in the 18th century by Baron Rothchild. The contrarian act, as most investors know, is a preemptive call to load up on shares of downtrodden and badly performing companies that have recently taken a severe beating in the market but present the perfect timing to invest. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround.Wall Street pros know the system well and are often on the lookout for such opportunities. With …read more […]