Today’s Research Reports on Stocks to Watch: Boeing Company and FedEx Corporation
Both Fedex and the Boeing company soared to new highs on Friday. The Boeing Company has delayed an important plane delivery until the end of June but it didn’t stop traders from pushing it to a new high. Fedex released some news about a large scale portable emergency hospital that can be used in global disaster.
RDI Initiates Coverage on:
The Boeing Company
The Boeing Company shares closed up 1.55% on Friday and hit a new high of $191.70 despite announcing that the company has delayed the delivery of its first 737 MAX. The plane has been delayed until the end of June. A spokesman for Boeing, Doug Alder, said to CNBC, "On occasion delivery processes run into minor issues — whether for maintenance or other reasons. In this case, we and our customer decided to re-schedule this delivery in order to resolve a minor technical issue." The company was supposed to deliver the 737 MAX to Norwegian Air. The company’s transition to the 737 MAX from the 737 NG has been something the Street has been highly interested in. The airline remarked, "This will not affect our operation or our passengers, as the upcoming launch of transatlantic routes between the U.S. East Coast and Ireland, Northern Ireland, Scotland and Norway will be operated by another aircraft type."
Access RDI’s Boeing Company Research Report at:
FedEx Corporation shares closed up 2.39% on Friday and hit a new high of $204.89. This was an important hurdle for the company to surpass the $200 mark. The company announced earlier last week that a large scale portable emergency hospital that can be used during global disasters was stored in pieces at a Memphis company warehouse. Fedex is working with International Medical Corps to move the 60-bed facility from Idaho to the company’s Global Supply Chain Warehouse. Erica Tavares from International Medical Corps. said, "When fully deployed it has twelve shelters and it can take up the size of a football field, and it comes with all of the medical equipment required to provide trauma surgery in the aftermath of an international disaster like the 2010 earthquake in Haiti." This is an amazing thing as the pop up hospital can provide 300 surgeries and even 6,000 outpatient consultations a month, going anywhere in the world. Senior manager of global operations control for Fedex, Dave Lusk, said, "We can come down here pick it up, take it to the hub, put it on an aircraft and send it anywhere in the world."
Access RDI’s FedEx Research Report at:
Our Actionable Research on The Boeing Company (NYSE: BA) and FedEx Corporation (NYSE: FDX) can be downloaded free of charge at Research Driven Investing.
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