Another 787 Problem for Boeing, HP Dips on Fellow PC Player’s Results, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): In what seems to be becoming a near-weekly event, a 787 flying to Tokyo’s Narita Airport from Boston turned around to make an unscheduled landing at Boston’s Logan after an indicator light signaled a possible fuel pump issue. The pilot did not declare an emergency, and a spokesman for the Massachusetts Port Authority said the plane was returning “in an abundance of caution.”
Hewlett-Packard Co. (NYSE:HPQ): Microsoft’s (NASDAQ:MSFT) shortcomings for the quarter are pulling down others in the industry, HP included. The former experienced a 20 percent consumer sales drop and guides for original equipment manufacturer sales to fall at a “mid-teens” year-over-year rate. Additionally, IDC and Gartner are predicting a double-digit rate of decline for PC shipments in the second quarter.
RetailMeNot (NASDAQ:SALE): Shares raced in the wake of the company’s initial public offering as the online coupon and promotional code site opened at $26.50, up from the $21 IPO price, giving the company a market cap of $1.35 billion — or 9.4 times its 2012 sales. Investors are clearly not too terribly concerned with the industry after Groupon’s (NASDAQ:GRPN) meteoric rise and equally spectacular fall back.
Advanced Micro Devices Inc. (NYSE:AMD): Shares have tanked following the company’s latest quarterly results though the chip maker saw a solid period. Two downgrades – to Underweight by Morgan Stanley and to Underperform by Credit Suisse — are undoubtably responsible for the 14 percent crater in the stock.
McDonald’s (NYSE:MCD): McDonald’s has declared a 77 cents per share quarterly dividend, in line with its previous dividend offerings. It has a forward yield of 3.07 percent for shareholders of record on September 3. It is payable on September 17, with an ex-dividend date of August 29.