Boeing ADDS Third Assembly Line and 3 Morning Hot Stocks Attracting Attention
Ford’s (NYSE:F) hot-selling Focus compact vehicle may end up being the year’s best-selling car worldwide. Strong demand for the car in Asia led to 489,000 units being sold during the first half of the year, ahead of rival Toyota’s Corolla model which sold 462,000 units.
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Time Warner’s (NYSE:TWX) HBO is likely to have early mover advantage when it launches on-demand streaming of its original programming in the Nordic countries Denmark, Sweden, Norway and Finland by October-end. Rival Netflix (NASDAQ:NFLX) should be able to launch its own service in the region only by the end of the year.
Darden Restaurants (NYSE:DRI) adds restaurants The Capital Grille, Bahama Breeze, Seasons 52. and Eddie V’s to its brand repertoire as it completes its $585 million acquisition of Yard House from TSG Consumer Partners. The deal adds $300 million of debt on Darden’s books, making stock buybacks somewhat uncertain.
J.C. Penney (NYSE:JCP) is now free to implement Chief Executive Ron Johnson’s strategy to revamp the retailer’s conservative image by including high-profile and glitzy shops in its premises, and Martha Stewart shop-within-a-shop may see the light of day at the chain after legal hurdles are cleared by a judge.
Boeing (NYSE:BA): Boeing has started a third assembly line for the 787 Dreamliner to increase the production rate under the program, which is running well behind its original delivery schedule. The current firm orders for 787 exceed 800 while the cumulative 787 deliveries stood at a mere 14 at the end of the quarter ending June 30, 2012. The delay in deliveries has also hit the company’s margins as it has been forced to pay delay compensations to its clients. Thus, the new assembly line will not only increase deliveries of 787, adding to growth in top-line over the coming quarters, but also reduce the impact on margins through lower delay compensations.