BA - Why Boeing The Trade Desk and Carbonite Jumped Today
Monday brought relatively minor moves for stock market indexes, in large part because of the Veterans Day holiday. Most major benchmarks finished the session close to where they started it, and there wasn't a lot of market-moving news for investors to consider. Still, some individual stocks did see their share prices jump significantly. Boeing (NYSE: BA), The Trade Desk (NASDAQ: TTD), and Carbonite (NASDAQ: CARB) were among the top performers. Here's why they did so well.
Shares of Boeing climbed more than 4% following reports that it might be able to begin deliveries of the 737 MAX aircraft by December. The aerospace giant believes that it should be able to get approval to return the 737 MAX to service by December, with commercial service to resume by January once pilot training requirements get final approval. Boeing admitted that it'll take longer before passengers start flying on the MAX, as airlines will need more time to go through their own processes for putting the planes in the air. Even with that uncertainty, though, Boeing shareholders are hopeful that there will finally be a path forward for the MAX as an integral part of the aircraft manufacturer's future strategic vision.
Image source: Boeing.