With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Dow giant Boeing will buy key supplier Spirit Aerosystems, The Wall Street Journal reported Monday night. The deal will be mostly in stock.
Boeing has offered to acquire Spirit AeroSystems Holdings Inc in a deal funded mostly by stock that values the key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter.
After getting close to a more than $4 billion all-cash deal over the weekend, jet maker Boeing Co. is now proposing using stock to buy jet-parts manufacturer Spirit AeroSystems Holdings Inc., the Wall Street Journal reported on Monday.
Boeing BA 1.44%increase; green up pointing triangle has proposed funding its acquisition of partsmaker Spirit AeroSystems SPR -1.46%decrease; red down pointing triangle with stock rather than cash, according to people familiar with the matter, a last-minute twist in deal talks that comes as the jet maker burns through more than $1 billion a month.
Family members of victims killed in two Boeing 737 MAX crashes asked a U.S. judge to name a corporate monitor to examine the planemaker's safety and corporate compliance procedures.
Problems with Boeing's Starliner capsule, still docked at the International Space Station (ISS), have upended the original plans for its return of its two astronauts to Earth, as last-minute fixes and tests draw out a mission crucial to the future of Boeing's space division.
A plant operated by Leonardo in southern Italy will be closed for four months because of the knock-on effects of the crisis faced by Boeing , the Italian defence and aerospace group said on Monday.
The company's reusable spaceship Starliner has had some problems with thrusters and helium leaks that have delayed its return to Earth.
Boeing Co (NYSE:BA, ETR:BCO) is facing possible criminal charges after Department of Justice claims that the airline violated a settlement agreement related to two fatal crashes involving its 737 Max aircraft, which resulted in the deaths of 346 people. The DoJ has until July 7 to decide whether to prosecute the company, while Boeing has denied any wrongdoing.
U.S. prosecutors will recommend the Justice Department criminally charge Boeing in connection with two deadly 737 MAX crashes, according to Reuters.
While it's unclear whether the current bull market has more runway, or is veering towards a correction, you may want to take action now and jettison overvalued stocks to sell from your portfolio. In fact, irrespective of whether the broad market surges, sinks or trades sideways from here over the next few months, individual overvalued stocks can still be at risk of experiencing severe price declines.