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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.