BlackRock Enhanced Global Dividend Trust’s stock was trading at $9.92 at the start of the year. Since then, BOE stock has increased by 1.2% and is now trading at $10.04. But the recovery will take time, and investors are understandably nervous about what further news might come out as Boeing’s operations are scrutinized. For now, this is an aerospace story stock best watched from the sidelines. It’s worth mentioning that even with Thursday’s pop, the stock is still down 19% for the year, with most of that loss happening in the days since the Alaska Air incident. Although the issue does not appear to be as complex, or as costly, as previous 737 shortfalls, it has damaged Boeing’s credibility and could slow the company’s recovery.
- As of January 15th, there was short interest totaling 20,000 shares, an increase of 387.8% from the December 31st total of 4,100 shares.
- Investors are cheering the news, sending shares of Boeing up nearly 4% as of 1 p.m.
- Boeing is likely to survive this crisis, and the stock seems destined to fly higher as deliveries normalize and the company is able to pay down some of the massive debt it took on during the pandemic.
- The fund was formerly known as BlackRock Global Opportunities Equity Trust.
- Hong Kong-listed shares of Evergrande plunged 12.2% in early trading before being halted on Monday as a Hong Kong court order the liquidation of the Chinese real estate developer.
BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund seeks to invest in stocks of companies operating across diversified sectors.
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Boeing has a large backlog that covers several years of production for the most popular aircraft, which gives us confidence in aggregate demand for aerospace products. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Boss Energy Limited explores for, develops, and produces uranium deposits in Australia. It holds a 100% interest in the Honeymoon uranium project covering an area of approximately 2,595 square kilometers located in South Australia.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Stocks tumbled in 2022 as historic inflation spurred the Federal Reserve to raise interest rates from virtually zero to more than 5% within 18 months. The hikes fanned fears of slower growth, a spike in unemployment, corporate bankruptcies, and even a full-blown recession. Hong Kong-listed shares of Evergrande plunged 12.2% in early trading before being halted on Monday as a Hong Kong court order the liquidation of the Chinese real estate developer. The company made a provision of 363 million euros ($393.5 million) in the fourth quarter for the FDA agreement, which also details improvements it must make to be able to sell new respiratory devices in the U.S. again.
Sign-up to receive the latest news and ratings for BlackRock Enhanced Global Dividend Trust and its competitors with MarketBeat’s FREE daily newsletter. Boeing is likely to survive this crisis, and the stock seems destined to fly higher as deliveries normalize and the company is able to pay down some of the massive debt it took on during the pandemic. No matter what happens from here, https://bigbostrade.com/ it seems almost certain that Boeing will remain under close FAA scrutiny for the foreseeable future. That could slow production lines and make it harder for new models to win regulatory approval. Boeing also needs to rebuild its credibility with key customers. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
U.S. stocks move higher
While demand for artificial intelligence applications is seeing rapid growth, several non-tech companies are well-positioned to benefit directly from the AI boom over the next few years, according to Scotiabank. Philips shares were 6.2% lower in mid-morning trade, after the Dutch conglomerate missed results expectations and announced it had reached a settlement with the U.S. The company now expects post-tax profit of between 1.85 billion euros ($2 billion) and 1.95 billion euros for 2024, from previous guidance of 1.85 to 2.05 billion euros. Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Invesco CEF Income Composite ETF holds 805,902 shares of BOE stock, representing 1.20% of its portfolio.
Boeing did not give any financial guidance for 2024 as it reported its quarterly earnings, amid scrutiny over the Alaska Airlines blowout. JPMorgan’s Bob Michele has flagged the impact of higher prices on poorer households, while hedge-fund titan Ray Dalio and bank chief Jamie Dimon have warned of fallout from the fighting in the Middle East. fintech stocks Trump is presumably aware of the key drivers fueling the stock market’s advance, and knows they probably don’t include his possible reelection. He may be laying claim to the market’s gains under Biden, and dangling the prospect of further outperformance if he retakes the White House, to give him an edge ahead of November’s election.
Once expected to be among the best-selling airframes of all time, the plane was grounded for 18 months beginning in 2019 after a pair of fatal accidents. It returned to the skies in late 2020, but has been the subject of a number of smaller probes and incidents in the quarters since. Boeing announced changes to its operations intended to increase assurance that its products will be built to meet safety standards and comply with their intended design. These include increasing inspections throughout its manufacturing process by customers and regulators. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Six of the 30-stock Dow Jones Industrial Average will be releasing their quarterly results this week. European markets are heading for a slightly lower open, IG data showed. The company also announced that Miljan Gutovic, currently head of Europe at Holcim, will replace Jenisch as CEO from May 1. Analysts in a company-compiled poll forecast EBITDA of 672 million euros and comparable sales growth of 2.6%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was slightly higher than the previous year at 653 million euros, while comparable sales fell 1%. Ryanair’s profits plunged 93% in the third quarter, reaching 15 billion euros on the back of higher fuel costs.
Boeing’s (BA) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives, with an emphasis on options on equity securities or indices. It benchmarks the performance of its portfolio against the S&P Global Broad Market Index. The fund was formerly known as BlackRock Global Opportunities Equity Trust. BlackRock Enhanced Global Dividend Trust was formed on May 31, 2005 and is domiciled in the United States. U.S. stocks moved higher Monday as investors look ahead to several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision.
Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business. We see substantial operational risk in Boeing’s plans to simultaneously ramp production of the 737 MAX and sell those aircraft in storage as the aviation crisis and supply chain issues unwind.
