Monday, June 20, 2016

Markets maintain rally as bets on Brexit vote

Dow added 129 (but off the highs), advancers over decliners better than 3-1 & NAZ rose 36.  The MLP index jumped up 4 to the 311s & the REIT index went up 1+ to the 348s.  Junk bond funds were a little higher & Treasuries dropped.  Oil shot up to the 49s & gold slid lower.

AMJ (Alerian MLP Index tracking fund)

3 Stocks You Should Own Right Now - Click Here!

CLN16.NYM....Light Sweet Crude Oil Futures,J....49.27 Up ...1.29 (2.7%)

Live 24 hours gold chart [Kitco Inc.]

Boeing, a Dow stock, is nearing a $4B deal with Russia's largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for 4-engine aircraft.  The planemaker is in advanced talks with AirBridgeCargo Airlines & its Moscow-based parent, Volga-Dnepr Group, to convert a year-old commitment into more than 10 firm orders for 747-8 freighters.  The agreement could be announced as soon as the Farnborough Airshow next month in England.

The deal would provide a crucial lifeline for the “Queen of the Skies” as BA tries to preserve production until the air-cargo market revives or shipping companies start to replace aging wide-body fleets.  The 747 freighter, prized for a hinged nose that allows large cargo to be loaded at the front, is its 2nd-most expensive commercial jet, with a list price of $379M (buyers typically negotiate discounts).  Converting commitments to firm orders starts the process of allocating manufacturing resources & production slots to build the planes.  The stock rose 2.95.  If you would like to learn more about BA, click on this link:

Boeing Near $4 Billion Deal With Russian Firm to Save 747

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