Diamonds and Dogs
Boeing flying high at the Farnborough Airshow in the UK. The stock is up a percent and a half leading the Dow to new recent highs thanks to announcement of the potential purchases of 60 new aircraft and the release of its latest 20-year market forecast showing new aircraft purchases totaling $5.9 trillion at the Farnborough Airshow. The 60 aircraft orders came from two companies valued at $7.3 billion while the 20 year market forecast is an increase of more than 5% compared with last year's estimate of $5.6 trillion. Now all Boeing has to do is executive on these orders.
Twitter (TWTR) continues to struggle. The stock has performed well of late, but is down 2.5% on this generally bullish day thanks to a downgrade. SunTrust's internet analyst, Bob Peck downgraded the stock saying the current environment is challenged on users and engagement and with the recent run up, investors seem to be hoping for a lot of catalysts in the second half of the year. The analyst does concede the company has "intriguing assets" and the best real-time search engine out there with a real time news source. Longer term, the analyst believes Apple (AAPL), Google (GOOGL), or Facebook (FB) could be a viable suiter.