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: Shares of Gogo Inc (NASDAQ: GOGO ) rose more than 10% early Thursday, then settled to close up around 1% after the in-flight connectivity specialist announced a technical services agreement with Boeing.
So what: The news follows a nearly 7% pop yesterday, which occurred after Gogo announced a partnership with Air Canada to bring Wi-Fi to its North American fleet in May. The Air Canada deal also included future type-testing beginning in 2015 of Gogo's satellite solutions for Wi-Fi on international flights.
However, today's Boeing agreement is different in that Boeing hasn't officially approved a wide-scale partnership just yet. Rather, it's a solid first step as Boeing evaluates Gogo's suite of technology solutions for new aircraft orders. Gogo, for its part, says it's targeting having line-fit evaluations completed for its new "ATG-4" technology by 2015, and satellite solutions by 2016.
Now what: That said, Gogo does already have an agreement in place for line-fit provisions for ATG-4 on Boeing's 737NG aircraft, and it seems likely its tech will eventually make its way into the rest of Boeing's fleet. With shares still down around 20% during the last month, I wouldn't be surprised if the stock has some upside left for patient long-term investors.
Are you ready to profit from this $14.4 trillion revolution?
If bringing the Internet to the skies just doesn't do it for you, don't worry. There are plenty of other great places to put your money to work. But where should you look?
Let's face it, every investor wants to get in on revolutionary ideas before they hit it big. Like buying PC-maker Dell in the late 1980s, before the consumer computing boom. Or purchasing stock in e-commerce pioneer Amazon.com in the late 1990s, when it was nothing more than an upstart online bookstore. The problem is, most investors don't understand the key to investing in hyper-growth markets. The real trick is to find a small-cap "pure-play," and then watch as it grows in EXPLOSIVE lockstep with its industry. Our expert team of equity analysts has identified one stock that's poised to produce rocket-ship returns with the next $14.4 TRILLION industry. Click here to get the full story in this eye-opening report.