The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
"Robust demand" for Boeing's commercial aircraft presents a compelling investment opportunity, according to a Jefferies analysis.
A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next 10 years, Jefferies analyst Sheila Kahyaoglu said in a note toclients Tuesday. She reiterated her buy rating and bumped up her 12-month price target.
"We have increased confidence that Boeing can grow EPS at a low double-digit rate supported by robust demand for its commercial aircraft and higher productivity," Kahyaoglu wrote. "Given the size of the backlog, near-term production is well supported, but the opportunity set should likely keep backlogs at elevated levels."
Boeing has been a Dow Jones industrial average leader this year, up nearly 70 percent. The jet manufacturer hit a record on Nov. 8.
Shares traded 0.5 percent higher Tuesday morning.
The analyst sees a marked increase in production of Boeing's popular 787 Dreamliner from the current 12 units per month to 14 by 2019. While much of the current swell in demand for aircraft stems from expansion in the Middle East, European and U.S. capacity is likely due for replacement, she said.
"While order backlogs for the Middle Eastern carriers look full, there appears to be some under penetration for U.S. and European carriers that have older fleets, with little in the way of backlog," she wrote. "Delta Airlines has a fleet of 163 widebody aircraft with an average age of 17 years. The airlines order backlog is for 49 aircraft."
The craze for planes is set to keep earnings per shares elevated in the years to come, added the analyst. She now expects adjusted EPS of $12.51 in 2019 and raised her 12-month price target to $312 from $300, representing 18 percent upside from Monday's close.