Textron could get a boost from the Air Force as it experiments with low-cost attack planes, and the company's Scorpion jet is reportedly an option. (Textron)<\/p>\n
Here's your Investing Action Plan for Friday: what you need to know as an investor for the coming day. <\/p>\n
The February jobs report will set the tone for the rest of the day, and a positive reading could shake the Dow Jones industrial average out of its recent funk. With earnings season largely over, many stocks have already broken out, broken down, or climbed past entry points. But a few opportunities remain in aerospace, even though Dow component Boeing (BA) has shot up to new highs recently. <\/p>\n
Shares of Boeing closed down 0.6% at 180.57 on the stock market today, but have been heading for profit-taking sell territory, which starts at 192.20. While hopes are flagging for a tax overhaul that would benefit big exporters like Boeing, demand for commercial aircraft remains robust. <\/p>\n
Meanwhile, other aerospace companies are along for the ride, and Boeing's plans to design a new midrange plane and launch a stretch version of the 737 Max could add to suppliers' order books. <\/p>\n
Shares of Spirit Aerosystems (SPR) edged down 0.3% to 60.43 but remain near a 61.65 buy point. The stock broke out last week but promptly headed back below the entry. <\/p>\n
Hexcel (HXL) also broke out last week but couldn't stay in buy zone. On Thursday, it dipped 0.4% to 53.99, below a 55.21 entry. <\/p>\n
Then there's Textron (TXT), the maker of Cessna and Beechcraft planes and Bell helicopters. Shares fell 1.2% to 47.43 as they work their way through a flat base with a 51.03 buy point. Unlike the supplier stocks, Textron hasn't cleared its threshold and lost it again. <\/p>\n
The company could get a boost from the Air Force as it experiments with low-cost attack planes, and Textron's Scorpion jet and Beechcraft AT-6 are reportedly options. <\/p>\n
The Labor Department will release its monthly payroll report at 8:30 a.m. ET. Analysts expect a gain of 200,000 jobs for February, down from 227,000 in January, with the unemployment rate dipping to 4.7%. Monthly growth in average hourly earnings is expected to accelerate to 0.3% from 0.1%, potentially adding to signs that the tighter labor market is feeding inflationary pressures. <\/p>\n
But barring a massive downside surprise, the data are unlikely to move markets that much as they have been pricing in a rate hike at the Federal Reserve's meeting next week. <\/p>\n
3\/09\/2017 Stratasys reported fourth-quarter earnings Thursday that beat estimates but guidance fell short.<\/p>\n
3\/09\/2017 Stratasys reported fourth-quarter earnings Thursday that beat estimates but guidance...<\/p>\n
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Dow's Boeing Is Sky High, But These Aerospace Stocks Near Buy Points - Investor's Business Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Textron could get a boost from the Air Force as it experiments with low-cost attack planes, and the company's Scorpion jet is reportedly an option. Continue reading