Diamonds and Dogs
The Boeing Company (BA)
Boeing is flying high today, up 6.08% to $147.99. The jetliner, military aircraft, satellite, and defense company saw its shares skyrocket after beating on earnings. Boeing said that it expects this year's earnings to be $8.20-8.40 per share. The company also expects 2015 revenue of $94.5-96.5 billion, which would easily beat analysts' expectations of $93.25 billion. Boeing sees the higher revenues due to selling a record number of commercial planes (723 planes, beating its previous record of 648). Shares of Boeing climbed over $8.00 today, and hit a new 52-week high of $148.25 intraday.
Albemarle Corporation (ALB)
Albemarle investors are watching their shares burn up today, down 13.67% to $47.80. The specialty engineered chemical company saw its shares sell off after releasing an earnings miss. For the fourth quarter, Albemarle announced a loss of $18.5 million or -$0.24 per share. The company posted revenue of $598.6 million in the period, which fell short of analyst's expectations of $648.6 million. Shares of Albemarle fell over $7.50 today, and reached a new 52-week low of $46.94 intraday.