Boeing’s Big Order, Honda’s Minivan Aces IIHS Trials, and 3 More Hot Stocks
Boeing Corp. (NYSE:BA): Boeing has reportedly received a letter of intent from the Calgary-based carrier WestJet for a prospective order for 65 737 MAX aircraft, in a deal worth $6.3 billion, at list prices. ”Since the very beginning, the Boeing 737 helped play a role in WestJet’s growth and success,” said Brad McMullen, vice president of North America Sales, Boeing Commercial Airplanes. “We are pleased to see the 737 MAX will continue the tradition of supporting WestJet’s vision to be one of the most successful international airlines in world.”
Honda Motor Co. (NYSE:HMC): The 2014 Honda Odyssey has become the first minivan to pass the Insurance Institute for Highway Safety’s (or IIHS) strict crash test, and garnered praise from the organization for its design features. The tests included the small frontal overlap trial, among the most common and deadliest of accidents. The Odyssey scored a ‘Good’ rating overall.
PetroChina (NYSE:PTR): China’s environmental watchdog has suspended new projects at the country’s two largest refining companies, PetroChina being one of them, after they missed their pollution targets. The move is being hailed by environment and resource defense councils, as it indicates that the country is taking the pollution problem more seriously.
Shanda Games Ltd. (NASDAQ:GAME): Though Citigroup keeps its Buy rating on shares of Shanda, the firm is doubtful of the company’s strategy of developing its G-Home platform rather than using established channels such as third-party Android app stores. “The company hopes to leverage the success of Million Arthur in China to attract more gamers to the G-Home platform. We are cautious on how this strategy would work out, mainly due to the limited user base of Shanda Games,” the analyst wrote.
EOG Resources, Inc. (NYSE:EOG): EOG has affirmed that a blast on Wednesday evening at a drilling rig in Texas’ Eagle Ford shale was the result of a “well control incident.” No injuries were reported, while a spokeswoman for EOG says that the fire continued to burn on Thursday.