We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made…

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Boeing Co.’s aircraft deliveries declined in July, while order cancellations for its 737 MAX aircraft continued as travel restrictions tied to the coronavirus pandemic have throttled commercial jet demand.The ailing plane maker said that last month 43 of its 737 MAX aircraft were cancelled. AerCap canceled orders for 15 of its 737 aircraft, which have been grounded since March 2019 following a second crash.Boeing (BA) delivered only 4 planes in July – two 787 Dreamliners and two freighters – down from 10 in June taking the total to a monthly 52 net cancellations. The aerospace giant did not receive any new orders in July, as air travel demand has been disrupted in an effort to contain the coronavirus pandemic.Total year-to-date deliveries amounted to 74 aircraft with gross orders of 59 planes. As of the end of July, Boeing lost a total of 836 plane orders this year. The report comes as the company said last month that it would cut production of its 787 and 777/777X aircraft after posting a larger 2Q loss than estimated.The coronavirus travel restrictions have resulted in a deep cut in the number of commercial jets and services Boeing customers need over the next few years. As such, global airlines suffering billions of dollars in losses have been seeking to cancel or delay some of the orders they have with Boeing.Shares in BA have plunged 45% year-to-date, but analysts have a cautiously optimistic Moderate Buy consensus on the stock. That’s with a $187.63 average analyst price target (4.2% upside potential).For now Cowen & Co’s Cai Rumohr is sitting on the sidelines with a $150 price target, saying that deliveries remain depressed even though some COVID-19-related travel restrictions have eased. (See BA stock analysis on TipRanks)“BA delivered only four aircraft in July vs. ten in June and our July est. of 17. The primary shortfall was in the 787, where BA delivered two 787's vs. our est. of 11. It also missed on the 767 (1 vs. 3E) and 777 (1 vs. 2E),” Rumohr wrote in a note to investors. “Customer deferrals remain the key issue as customers push out accepting 787 deliveries given international travel remains depressed.”Related News: American Airlines Shares Lifted By Air Travel Demand Data Boeing Is Said To Delay New 777X As Demand For Large Jets Throttles MGM Spikes 14% As IAC Makes $1B Investment Amid Online Gambling Bet More recent articles from Smarter Analyst: * Qualcomm Wins US Antitrust Ruling; Top Analyst Says Decision Lifts Stock Overhang * Stifel Lifts Lumentum’s PT After 4Q Earnings Beat Estimates * Zoom Video Drops 8% After Salesforce Sells Off Stake * J2 Global Surges 15% On Earnings Beat; RBC Upgrades To ‘Buy’

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How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

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If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop…

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We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

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(Bloomberg) — Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company become the world’s most valuable automaker.Each stockholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each one they own, the electric-car maker said Tuesday in a statement. The shares, which have more than quadrupled since March to close above $1,600 last month, pared a gain of as much as 7% early Wednesday to trade up 4.8% to $1,440.63 as of 9:46 a.m. in New York.The split aims to capitalize on and support Tesla’s recent surge, which has pushed its market capitalization to more than $256 billion, exceeding the value of Toyota Motor Corp. and Ford Motor Co. combined. The massive rally for the shares has priced them out of reach for some smaller retail investors just as the EV industry is capturing their imagination.“At a time where the appetite for the stock and overall EV story continues to gain momentum, I think it’s a smart move,” said Dan Ives, an analyst at Wedbush who rates the shares the equivalent of a hold. Tesla is taking after Apple Inc., which Ives said other tech giants are likely to emulate.Apple announced a 4-for-1 stock split after the close on July 30 and retail traders have piled in to bet on further gains. Tesla will start trading on a split-adjusted basis Aug. 31.More AccessibleTesla has been a favorite stock for day traders and other retail investors lately. At one point last month, nearly 40,000 Robinhood account holders added shares of the carmaker during a four-hour span. The surge has been a boon to other electric-car companies, some of which have yet to actually produce a vehicle.“The stock split is a recognition of the fact that the market is increasingly influenced by individual investors, including those looking to gain exposure to next-generation transportation,” Ben Kallo, a Robert W. Baird analyst who rates Tesla the equivalent of a hold, wrote to clients.Tesla’s gains have been partly fueled by speculation the company is likely to join the S&P 500 after it reported the latest in a string of profitable quarters. That would make the stock a must-buy for mutual and exchange-traded funds that seek to mimic the benchmark index.Read more: When Tesla Hits S&P 500, It’ll Spark Wildest Passive Trade EverThe timing of the split may have come as a surprise to close followers of Tesla Chief Executive Officer Elon Musk’s Twitter feed. He was asked on June 30 whether he had any thoughts about a Tesla stock split and said it was worth discussing at the company’s annual meeting, which isn’t until Sept. 22.(Updates with shares after market opening on Wednesday in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Every investor in Enphase Energy, Inc. (NASDAQ:ENPH) should be aware of the most powerful shareholder groups…

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Microsoft is finally launching its much-anticipated return to the smartphone market with its new Surface Duo, a dual-screen foldable phone.

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Moderna will provide about 100 million doses, with the price coming to around $30.50 per person for a two dose regimen. The company’s vaccine candidate, mRNA-1273, is one of the few that have already advanced to the final stage of testing and is on track to be completed in September, the company said this month. The deal confirms that Moderna’s experimental vaccine is one of the leading contenders, said BMO analyst George Farmer, who has an “outperform” rating on the stock.

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OPEC on Wednesday said world oil demand will fall more steeply in 2020 due to the coronavirus pandemic and said next year’s recovery faces large uncertainties, pointing to growing headwinds for the group and its allies in supporting the market. World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report, more than the 8.95 million bpd decline expected a month ago. “Crude and product price developments in the second half of 2020 will continue to be impacted by concerns over a second wave of infections and higher global stocks,” OPEC said in the report.

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