Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Aircraft manufacturer Embraer (NYSE: ERJ ) jumped 10% today after signing a huge deal with a customer.
So what: The company announced it will make 47 E-175 jets for Republic Airways (NASDAQOTH: RJETQ ) in a contract worth up to $4 billion. The company also has the option to buy another 47 aircraft, so the deal could balloon for Embraer.
Now what: The deal should keep Embraer busy and adds to a deal with Aldus Aviation for as much as $1.56 billion reported earlier this month. This can be a boom or bust business but it appears that airlines are starved for smaller aircraft in the current environment. Shares now trade at 11.6 times forward earnings estimates, a reasonable price given the big deals the company has signed this month.
Interested in more info on Embraer? Add it to your watchlist by clicking here.