Diamonds and Dogs

3/9/21

Boeings (BA) order book turns positive. Boeing is up 3% near recent highs as they secured 82 new orders in February, including 25 Boeing 737 Max jets ordered by United Airlines and 14 orders of the 737 Max planes ffrom an unidentified customer. Boeing also delivered 22 planes last month, including 18 of the 737 Max jets. The once troubled jet has resumed passenger flights in Brazil, the U.S. and Europe. Chinese authorities have yet to lift the grounding. China is a major market for Boeing as the company expects the country will need 8,600 new aircraft worth $1.4 trillion over the next two decades.

Profit-taking in Walt Disney (DIS). After making a new all-time high yesterday, Disney is down nearly 3%, one of the few Dow components that is lower even though the company announced Disney+ has surpassed the 100 million global paid subs milestone 16 months after the launch. Not bad.

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