Diamonds and Dogs
General Electric (GE) and Ford (F) both rose 4% following better than expected earnings thanks in part to cost cuts. Both executives are promoting their turnaround plans for the better results.
More of the same at Boeing (BA). Boeing fell 4% following disappointing earnings deeper job cuts, slowing outlook for a rebound in the 737 Max deliveries and a drawdown in cash. Longer term, Boeing will rebound. Boeing still has a backlog of 4300 planes worth over $300 billion along with a backlog for defense products worth $62 billion.
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