Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Boeing Helps the Dow Soar Higher

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.

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) took a beating yesterday after investors were spooked by comments about the Cypress bailout plan becoming a template for fixing other troubled economies in the eurozone. Though the initial news of the bailout sent the index higher, Eurogroup President Jeroen Dijsselbloem's comments created quite a stir, even after he later backtracked. Today, the Dow is rebounding thanks to good news from the housing markets and the Commerce Department.

The Case-Shiller home price index rose by 1% in January, which beat analyst estimates of a 0.9% gain. The index is 8.1% higher than a year ago, making the past 12 months' gains the largest since 2006. Durable goods orders grew 5.7% in February as more and more transportation equipment is demanded -- a rebound for that sector of goods, according to the Commerce Department. Analysts had expected a 3.8% increase after the orders had declined by 4.9% in January.

Dow winners
The index is led this morning by Boeing (NYSE: BA  ) , which is up 2.13% so far in trading. The company is celebrating after the successful test flight of its 787 Dreamliner with a newly revised battery system. The test flight was two hours, with all systems checks going according to plan. The success of the first test flight will allow Boeing to complete a second round of tests, during which it will collect data to give to the FAA for review and possible subsequent approval for the Dreamliner fleet to be used in commercial flights. This new development in the 787 saga is a great one for Boeing, which is losing an estimated $50 million per week that the fleet is not in use after all 50 Dreamliners were grounded in January.

American Express (NYSE: AXP  ) is helping Boeing lead the Dow higher this morning. The personal finance company is up 1.25% as of this writing, thanks in part to its announcement yesterday that it will buy back 150 million of its outstanding shares, in addition to a 15% boost in its quarterly dividend. These plans will lead to a $3.2 billion expenditure on shares over the next three quarters and a $0.23 per-share dividend starting in the second quarter. AmEx is also reaping the rewards of its recent announcement with Wal-Mart (NYSE: WMT  ) that their joint Bluebird accounts will now be FDIC insured, up to the standard $100,000, and that all government payments (Social Security, tax refunds, etc.) can now be direct-deposited into the accounts. Wal-Mart is only up marginally on the news this morning, gaining 0.04%.

The Bluebird account venture is aimed at customers who are not satisfied with their current banks and/or are unwilling to bank with traditional institutions. Outside the Dow, Green Dot (NYSE: GDOT  ) is after the same demographic, and enjoying the spoils of unhappy bank customers. Recently upgraded to "outperform" by analysts, Green Dot is on the rise this morning, gaining as much as 7.8% in trading. The company's gains have dropped to 3.75% as of this writing, but its new mobile banking app is sure to give traditional banks a run for their money.

Boeing operates as a major player in a multitrillion-dollar market in which the opportunities and responsibilities are absolutely massive. However, emerging competitors and the company's execution problems have investors wondering whether Boeing will live up to its shareholder responsibilities. In our premium research report on the company, two of The Motley Fool's best minds on industrials have collaborated to provide investors with the key, must-know issues surrounding Boeing. They'll be updating the report as key news hits, so don't miss out -- simply click here now to claim your copy today.

Read/Post Comments (0) | 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.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

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: 2332274, ~/Articles/ArticleHandler.aspx, 9/26/2016 11:49:08 AM

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...

Today's Market

updated Moments ago Sponsored by:
DOW 18,105.72 -155.73 -0.85%
S&P 500 2,150.33 -14.36 -0.66%
NASD 5,260.88 -44.87 -0.85%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 11:33 AM
^DJI $18105.72 Down -155.73 -0.85%
AXP $63.20 Down -0.65 -1.02%
American Express CAPS Rating: ****
BA $131.09 Down -0.69 -0.52%
Boeing CAPS Rating: ****
GDOT $22.90 Down -0.04 -0.17%
Green Dot Corporat… CAPS Rating: ****
WMT $71.82 Down -0.53 -0.73%
Wal-Mart Stores CAPS Rating: ***