Boeing and Honeywell Issues Expand and 3 More Hot Stocks
Boeing Co. (NYSE:BA): An investigation into the faulty wiring of Honeywell (NYSE:HON) emergency beacons has turned up two more instances of damaged wiring for the devices on Japan’s ANA 787 aircraft. The two beacons have been sent back to Honeywell. In another event, an oven on an Air India-operated 787 overheated, producing smoke mid-flight but without further interruption of service.
Starbucks Corp. (NASDAQ:SBUX): Starbucks shares are surging after a favorable third-quarter report, in which earning per share of 55 cents beat by 2 cents, and revenue of $3.7 billion fell in line with expectations. The company saw substantial sales gains across regions with comparable store sales rising 8 percent, easily trouncing its 5.6 percent rate of growth from last year. The company also opened new juiceries in June, which will help it expand the availability of Evolution Fresh Juice in both stores and CPG channels, the company said during its earnings call.
Southwest Airlines (NYSE:LUV): The National Transportation Safety Board has reported that the jet that crash-landed at New York’s LaGuardia came in nose first, touching down with the front landing gear instead of the wheels at the back. The NTSB is still not sure what caused the plane to do so, and the investigation is still underway.
Halliburton Co. (NYSE:HAL): Despite agreeing to plead guilty to destroying evidence in connection with the Deepwater Horizon disaster in 2010, Halliburton shares are up over 3 percent. The company will pay the maximum fine possible for the offense, will be subject to three years of probation, and will continue to cooperate in the government’s ongoing criminal investigation.