Home Wealth  Money Airlines and Aerospace: AMR Upgraded, Boeing Books Record Order

Airlines and Aerospace: AMR Upgraded, Boeing Books Record Order

Posted: Nov. 19th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Airline stocks are getting a boost today.

Leading the charge is American Airlines (nyse: AMR - news - people ) parent AMR Corp. , which is trading higher today after it was upgraded to hold from sell by Dahlman Rose.

AMR is trading up over 4.6% today, while the Guggenheim Airline ETF is trading flat.

In the aerospace industry, Boeing (nyse: BA - news - people ) shares are trading higher today after the company said late yesterday Jakarta-based Lion Air would purchase 201 737 MAX aircraft as well as 29 Next-Generation 737-900 extended range planes.

The list price of the planes is $21.7 billion, the largest commercial airplane order in Boeing's history by dollar volume and number of planes.

The agreement includes purchase rights for an additional 150 aircraft.

Boeing shares are trading up over 1.7% Friday.

Boeing is the #2 holding in the iShares Dow Jones US Aerospace & Defense Index Fund , trading up .1% Friday. Top holding United Technologies (nyse: UTX - news - people ) is trading down a few pennies.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
LA Carlyle Residences Report Record Sales, $225M So Far
This is How You Elevate a Holiday Dinner Party With Perfect Table Etiquette
AŽdle Will Engrave Whatever You Want On Their VK-1 Headphones
McLaren Engineer Designs VanDutch Gocycle G2 Electric Bike
Forget Roasting Chestnuts, Whip Them Into a Tiramisu Instead
Sure You Drink It, But How Much Do You Really Know About Absolut Vodka?
Yoko Ono Finally Gets Official Show at MoMA, Shows Painting to Be Stepped On (Also No Flies This Time)
You Better Bribe Santa for These 10 Hipster Foodie Subscriptions
Exclusive: Here is How to Get $2,000 Worth of James Bond Swag For Free
Kick Start Your NYE Resolutions With Juicepresso's Cold-Pressed Juicer
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE