Palo Alto Networks' Q2 product miss lowers confidence, says Raymond James » 07:3702/2502/25/20
Raymond James analyst…
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Boeing announces ANA Holdings commitment to add up to 20 787 Dreamliners » 05:1802/2502/25/20
Boeing and ANA Holdings…
Boeing and ANA Holdings announced the Japanese airline group decided to acquire up to 20 more 787 Dreamliner airplanes. The agreement with Boeing includes 11 787-10s, one 787-9 and options for five 787-9s valued at more than $5B at list prices. The airline also plans to acquire three new 787-9 airplanes from Atlantis Aviation Corporation. Once the agreements are finalized, it will be ANA's sixth order for the ultra-efficient and passenger-pleasing Dreamliner and bring their overall 787 order book to more than 100 airplanes. With this order, the airline will add 11 of the largest and most fuel-efficient Dreamliner models, the 787-10 to its world-class fleet. Powered by a suite of new technologies and a revolutionary design, the 787-10 set a new benchmark for fuel efficiency and operating economics when it entered service in 2018. The airplane allows operators to achieve 25 percent better fuel efficiency per seat compared to older airplanes in its class. ANA sees the 787-10 as the perfect airplane to replace previous domestic 777 models that are slated for retirement.
JPMorgan to hold a conference » 04:5502/2502/25/20
AVYA, BHC, DOOR, FTAI, HCR, HOLX, MDP, PEGA, SBGI, TTMI, UNIT, USAC
Global High Yield &…
Wolfe Research to hold a conference » 04:5502/2502/25/20
ADNT, APTV, AXL, BWA, CTB, DAN, F, GM, GNTX, GT, LEA, MGA, TEN, TSLA, VNE
Global Auto, Auto Tech…
Tesla downgraded to Hold from Buy at Jefferies » 19:2802/2402/24/20
Jefferies analyst Philippe Houchois downgraded Tesla to Hold from Buy with a price target of $800, up from $600. The analyst notes that he remains convinced by Tesla's "equity opportunity", but also believes that its valuation needs to be grounded on its potential market size and profitability. Houchois adds that his neutral stance is warranted pending better visibility of the upcoming battery business model, even though he continues to see Tesla as "uniquely engaged in a positive sum-game" within the electric vehicle transition.
Boeing board names Steve Mollenkopf, Akhil Johri as new directors » 16:3002/2402/24/20
BA, QCOM, UTX, CAH
The Boeing Company (BA)…
The Boeing Company (BA) Board of Directors has nominated Steve Mollenkopf and Akhil Johri to be elected as directors at the company's upcoming annual meeting of shareholders. The board also announced independent directors Edward Liddy and Mike Zafirovski will not stand for re-election and will retire from board service at the meeting. Mollenkopf has served as CEO of Qualcomm (QCOM) since 2014. He has helped lead the company through the transitions to 3G, 4G and 5G since the beginning of his career as an engineer more than 25 years ago. Johri served as CFO of United Technologies (UTX) from 2015 to 2019. He previously held various executive positions of increasing responsibility over his 31-year career at the company and currently serves as an independent director of Cardinal Health (CAH).
NTSB to hold meeting on Feb 25 to determine probable cause of fatal Tesla crash » 14:0802/2402/24/20
The National Transportation Safety Board announced its intention to hold a board meeting Feb. 25, 2020, 9:30 am EST, to determine the probable cause of the fatal crash of a Tesla in Mountain View, California. On March 23, 2018, a 2017 Tesla Model X electric-powered passenger vehicle, crashed while traveling southbound on US Highway 101. The driver, the sole occupant of the vehicle, was killed. The vehicle was being operated with advanced driver assistance features, which Tesla refers to as "autopilot." Reference Link
Fly Insider: Tesla, Netflix among weeks notable insider trades » 13:0202/2402/24/20
TSLA, BG, MRNA, MDT, CALX, YETI, TPX, NFLX, CDAY, IQV
Welcome to "Fly Insider,"…
Boeing looking for traditional bank loans, Buffett says » 08:5702/2402/24/20
Asked about whether…
Asked about whether Boeing (BA) had come to Berkshire Hathaway (BRK.A) to seek funds, Berkshire's Warren Buffett told CNBC's Becky Quick that Boeing is looking for "traditional bank loans," which is not what Berkshire does.
RSA Conferences 08:1102/2402/24/20
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