Boeing’s Navy Contract Causes Confusion, Linn Could Clear SEC Probe, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): The U.S. Navy has reportedly canceled a pre-solicitation notice about a possible booking for up to 36 more Boeing F-18 fighter jets after the posting of the notice on a federal procurement website resulted in confusion. The Navy is scheduled to stop funding the F-18 next year and will start buying Lockheed Martin’s F-35s instead; despite officials confirming that they have no plans to acquire more of the planes in fiscal year 2015, a source said to Reuters that “there is a desire at pretty significant levels in the Navy to keep the (F-18) Super Hornet line alive.”
Linn Energy LLC (NASDAQ:LINE): Linn Energy shares are ripping as it appears the company could be cleared from the probe of its accounting activities. Linn filed an amended S-4 document which says that the Securities and Exchange Commission’s Division of Corporation Finance has advised that it has no further comments on Amendment No. 6 to the Joint Registration Statement.
Citigroup Inc. (NYSE:C): Citigroup revealed on Friday via its 10-K that the bank is under investigation in a number of countries for activities in the foreign-exchange market, and that it is cooperating with the probes. The core problem involves whether or not a group of traders conspired to rig currency “fixes,” the price at a certain point in time each day off of which portfolios and a number of other instruments are priced at, Seeking Alpha reports.
Lululemon Athletica Inc. (NASDAQ:LULU): Lululemon’s stock is trading low on higher-than-average trading volume, possibly due to “anecdotal reports” of more customer complaints that usual, pertaining to quality (a touchy subject for the company), which could be hurting investor sentiment.
Allscripts Healthcare Solutions (NASDAQ:MDRX): Allscripts has formed an alliance with Healthcare Partners, which will see Allscripts’s enterprise EHR introduced across California medical group sites. DaVita, the parent company of Healthcare Partners, chose Allscripts’s FollowMyHealth “for patient engagement” and dbMotion for “connectivity.”