Boeing Stock Puts Dow Back in the Black
Healthy fourth-quarter earnings and a strong financial outlook for 2018 from the Dow component lifted the industrial average to solid gains on Wednesday following a two-day decline.
The Dow rebounded from back-to-back down sessions, climbing 0.3% on Wednesday, Jan. 31, to end trading at 26,149. Credit much of the gain to the strong performance of Boeing (BA), which jumped 5% to $354.41 a share. As the highest-priced component of the industrial average by far, the aerospace giant holds the biggest sway in the price-weighted Dow.
What Happened in the Stock Market Today?
The stock market survived a midafternoon swoon when the Fed, as expected, concluded its two-day meeting without raising short-term interest rates. However, inflation is a growing concern and at least three rate hikes are on the horizon in 2018 as Jerome Powell prepares to take over from outgoing Fed chief Janet Yellen. Investors increasingly have been fretting over the potential impact of rising rates on stocks.
Getting back to Boeing: The company is one of several big names on the earnings calendar this week, and its fourth-quarter numbers didn't disappoint. Sales and profits beat expectations, and management issued an upbeat financial outlook for 2018. But Boeing's value lies not only in its impressive share-price appreciation, but also in its ability to generate income for investors. The combination of growth and income makes it one of the best stocks in the Dow today.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
-
Timeless Trips for Solo TravelersHow to find a getaway that suits your style.
-
A Top Vanguard ETF Pick Outperforms on International StrengthA weakening dollar and lower interest rates lifted international stocks, which was good news for one of our favorite exchange-traded funds.
-
Is There Such a Thing As a Safe Stock? 17 Safe-Enough IdeasNo stock is completely safe, but we can make educated guesses about which ones are likely to provide smooth sailing.
-
If You'd Put $1,000 Into Caterpillar Stock 20 Years Ago, Here's What You'd Have TodayCaterpillar stock has been a remarkably resilient market beater for a very long time.
-
I'm a 55-Year-Old Dad. Here’s How My 28-Year-Old Daughter Showed Me That AXP Is Still a Solid InvestmentAmerican Express stock is still a solid investment because management understands the value of its brand and is building a wide moat around it.
-
If You'd Put $1,000 Into AMD Stock 20 Years Ago, Here's What You'd Have TodayAdvanced Micro Devices stock is soaring thanks to AI, but as a buy-and-hold bet, it's been a market laggard.
-
If You'd Put $1,000 Into UPS Stock 20 Years Ago, Here's What You'd Have TodayUnited Parcel Service stock has been a massive long-term laggard.
-
How the Stock Market Performed in the First Year of Trump's Second TermSix months after President Donald Trump's inauguration, take a look at how the stock market has performed.
-
Stocks Struggle for Gains to Start 2026: Stock Market TodayIt's not quite the end of the world as we know it, but Warren Buffett is no longer the CEO of Berkshire Hathaway.
-
If You'd Put $1,000 Into Lowe's Stock 20 Years Ago, Here's What You'd Have TodayLowe's stock has delivered disappointing returns recently, but it's been a great holding for truly patient investors.
-
If You'd Put $1,000 Into 3M Stock 20 Years Ago, Here's What You'd Have TodayMMM stock has been a pit of despair for truly long-term shareholders.
