Diamonds and Dogs

11/11/19

Finally, some good news for Boeing (BA). Boeing is up 4%, its largest one-day advance in nearly three months, on news their 737 Max jet may be ready to fly sooner rather than later. The Boeing plane has been grounded since this spring after two fatal crashes. The aerospace group said in a statement on Monday that, while the Federal Aviation Authority and other regulatory authorities will determine the timing of the jet's certification and return to commercial service, it is possible that the resumption of MAX deliveries to airline customers could begin in December and the MAX could return to commercial service in January.

The US/China trade deal and Hong Kong protests not helping neighboring Macau and Wynn Resorts (WYNN). Wynn is down 3% as protests over the weekend in Hong Kong saw a man shot by police. Hong Kong is the most popular place to fly into to visit Macau. Last quarter operating revenue from Wynn's two casinos in Macau fell by over $200 million.