A Major Sale Can't Spark Shares of Boeing

It's another flat day on Wall Street, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) up less than a point and the S&P 500 (SNPINDEX: ^GSPC  ) up barely more than a point as of 3:25 p.m. EDT. The only macro news of note was a 1.1% rise in retail sales during February, which was slightly ahead of expectations. Higher gas prices eat up most of that gain, but even when you pull out gas costs, retail sales rose 0.6%, which isn't bad considering the higher payroll taxes in early 2013.

The better-than-expected retail sales haven't helped retailers on the market. Wal-Mart (NYSE: WMT  ) is down a few cents, while Target is up 0.3% on the day. Wal-Mart in particular is under the microscope after a memo from a top executive was leaked to the media, indicating a weak February for the company. We'll have to wait and see how the first quarter goes, but for now it appears retailers are keeping their heads above water, even if they don't experience explosive growth.

Boeing (NYSE: BA  ) is actually down 0.2% after rumors of a $15 billion order from Ryanair began to circulate. It's telling that the stock is down on such positive news, because Boeing has been screaming higher on nothing but rumors for weeks. Investors have been buying every time there's speculation that the 787 aircraft is closer to test flights and an end to its grounding, which really shouldn't be driving the stock to new highs. A huge order, on the other hand, has the stock moving lower.

To keep investors informed of all of the important news on Boeing, we've created a new report that covers everything you need to know. In this premium research report, two of the Fool's best industrial-sector minds have collaborated to provide investors with the must-know info on Boeing. They'll be updating the report as key news hits, so be sure to claim a copy today by clicking here now.

Both gold and oil have moved 0.2% lower today. Oil is eating up more of consumers' dollars, but if non-energy retail sales can hold up in the face of high prices, the black gold will remain a hot commodity.  


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 13, 2013, at 5:29 PM, tomwittmann wrote:

    To M.FOOL

    BOEING

    What are you writing??

    ""BA s actually down 0.2% after rumors of a $15 billion....""???

    Since 3/11, Boeing is up 4.3%, yesterday 3/12 about 1%, yoday 0.59%, even if the DJI did nearly Zero and is at a high.

    If you are in spite of your absurd name a serious entity, please explain to otontisch@yahoo.com

    OTON

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2310944, ~/Articles/ArticleHandler.aspx, 10/1/2014 11:02:26 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement