Boeing Sees Piracy As Demand Booster and 2 Other Dow Movers to Watch
The Boeing Company (NYSE:BA): Current price $100.47
Business development director for the P-8 program Egan Greenstein expects that governments that are combating piracy and drug runners on the open seas will form a new market for long-range patrol jets, pushing demand up by 50 percent higher over the United States military’s purchases. Foreign sales of the P-8, which represents a military version of Boeing’s top-selling 737 single-aisle jet, are forecast at more than 60 during the next decade, according to Greenstein, who commented in a presentation at Boeing’s Renton, Washington, factory, that such an increase would add to the United States Navy’s plans to buy 117 of the planes. Greenstein said that piracy “is part of a growing market trend We’re getting interest from countries that have never had fixed-wing maritime patrol.”
The Coca-Cola Company (NYSE:KO): Current price $40.67
The New York City Health Department, beside being in a court battle with an industry group that includes Coca-Cola Co. and PepsiCo (NYSE:PEP) over a sugary soda ban, is now setting its sights upon sports drinks, teas and energy drinks that it says can be just as harmful. The Department has released new television ads and subway placards to showing flash pictures of fruit-flavored drinks containing added sugar, saying that the healthier-sounding choices can lead to obesity and diabetes. One TV ad shows a patient with amputated toes from diabetes, an obese man slugging down a neon-blue sports drink and a surgeon picking at a diseased heart with forceps.
The Home Depot (NYSE:HD): Current price $78.84
The Street reports that Tuesday is the ex-dividend date for Home Depot. Owners of shares as of market close Monday will be eligible for a dividend of 39 cents per share; at a price of $78.69 as of 9:30 a.m. Eastern Time, the dividend yield is 2 percent. The Home Depot has a market cap of $116.05 billion, and forms part of the services sector and retail industry. Shares are up by 27.2 percent so far in 2013 as of the close on Friday.
Don’t Miss: Boeing’s Finding Fresh Pain in Japan.