Diamonds and Dogs

6/2/22

Boeing (BA) higher on possible order from Delta. Boeing is jumping 6% as Delta Airlines is mulling an order for 100 of the 737 Max planes from Boeing. The MAX was grounded worldwide between March 2019 and November 2020 following two deadly crashes inside of five months. Since then, Boeing has booked about 1,000 orders for the new MAX jets. Unfilled MAX order backlog on Boeing's commercial website amounts to more than 4,000 planes.

Microsoft (MSFT) lowers guidance. Mr. Softie is down 3% after lowering guidance due to unfavorable currency impact including the strong dollar. The dollar has climbed about 14% against a basket of currencies over the last year, driven by a hawkish Federal Reserve and heightened geopolitical tensions. Salesforce.com, Coca-Cola Co, Procter & Gamble and Philip Morris International Inc are some others that have warned of a profit hit due to a stronger dollar.

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