NASA cut the planned missions of Boeing Co.’s Starliner spacecraft to the International Space Station from six to four, following a highly publicized botched test flight last year and as the orbiting lab heads for retirement by the end of the decade. https://t.co/j8jEOeKskx ...

NASA and Boeing are modifying the Starliner spacecraft contract to reduce the number of missions from six to four, the latter said in a statement on Monday. ...

Core Viewpoint - The article discusses the potential for a market rotation from high-flying AI stocks to more traditional blue-chip stocks, particularly focusing on three Dow stocks that may perform well in 2026 and beyond. Group 1: Walmart - Walmart's revenue grew by 5.8% year-over-year to $179.5 billion, surpassing expectations of $177.4 billion for Q3 of fiscal year 2026 [5] - Adjusted earnings per share were $0.62, exceeding estimates of $0.60, with same-store sales in the U.S. improving by 4.5% [5] - Despite strong performance, Walmart's stock has not fully reflected its growth, indicating potential for further gains [7] Group 2: Boeing - Boeing's production backlog reached a record $635 billion, despite ongoing challenges with its 737 Max and 787 Dreamliner jets [9] - The airline industry is expected to require 43,600 new planes by 2044 to meet growing demand, highlighting a significant opportunity for Boeing [10] - Investors may begin to recognize the long-term potential of Boeing's order backlog in the coming year [11] Group 3: Apple - Apple shares recently hit a record high, but the company has faced challenges with its AI initiatives, particularly with its digital assistant Siri [12][14] - iPhone revenue has only improved by about 4% over the past four quarters, partly due to disappointing AI software [15] - The average age of iPhones is 37 months, suggesting a potential surge in upgrades as consumers look to replace aging devices [17]

Core Insights - The 19th Dubai Airshow concluded on November 21, attracting over 1,500 exhibitors from more than 110 countries and regions [1] Group 1: Major Orders - Emirates Airlines announced the purchase of 65 Boeing 777-9 aircraft, valued at up to $38 billion on the first day of the airshow [1] - Emirates also committed to an additional order of 8 Airbus A350-900 aircraft for $3.4 billion [1] - Dubai Air, a subsidiary of Emirates, will spend $24 billion to acquire 150 Airbus A321neo aircraft, with an option to purchase an additional 100 [1] - One day later, Dubai Air announced a $13 billion order for 75 Boeing 737 MAX aircraft, with an option for another 75 [1] Group 2: Defense Contracts - The Tawazun Economic Council signed 36 procurement contracts during the airshow, totaling 254.6 billion dirhams [1] Group 3: Other Airlines' Orders - Etihad Airways, Ethiopian Airlines, and Azerbaijan Cargo Airlines also signed significant orders during the event [1]

Group 1 - Boeing's stock fell nearly 8% this week despite signing multiple sales agreements at the Dubai Airshow and securing a significant helicopter contract with the Department of Defense [1] - The company reported mixed earnings results, which contributed to the decline in stock price [4] - The FAA's grounding of MD-11 jets has further impacted Boeing's stock performance, pushing it below a crucial support level [4] Group 2 - Saudi Arabia's Public Investment Fund selected Archer to introduce its Midnight air taxi, indicating a growing interest in innovative aviation solutions [2] - The Dubai Airshow showcased various developments in the aviation sector, including Airbus acquiring clients from Boeing [4] - The overall market sentiment appears cautious, with traders reducing rate-cut bets, affecting stock performance across the board [4]

Group 1 - Saudi Arabia's sovereign wealth fund has selected Archer Aviation to introduce its Midnight air taxi service in the country [1] - Boeing announced a significant order, but both Boeing and Archer Aviation stocks have been declining [1] - Cathie Wood, a well-known fund manager, has increased her holdings in Archer Aviation despite the stock's downward trend [1] Group 2 - Archer Aviation's shares rose by over 3% following the announcement of the deal with Saudi Arabia [2] - The Dubai Airshow showcased the debut of flying taxi startups, indicating a growing interest in the sector [4] - Boeing's stock has fallen below a critical level, and analysts predict limited near-term progress for the company [4]

Core Insights - Boeing delivered a strong performance at the Dubai Airshow, securing significant new commitments that will enhance its backlog over time [1] Group 1: Company Performance - Boeing's performance at the Dubai Airshow is highlighted as strong, indicating positive momentum in securing new orders [1] - The commitments made during the airshow are expected to contribute meaningfully to Boeing's backlog, suggesting a robust future pipeline [1] Group 2: Analyst Background - The analysis is provided by an aerospace, defense, and airline analyst with a background in aerospace engineering, indicating a deep understanding of the industry [1] - The analyst runs The Aerospace Forum, which focuses on identifying investment opportunities within the aerospace, defense, and airline sectors [1]

Market Overview - The US stock indices closed lower, with the Dow Jones down 0.84% at 45752.26 points, the S&P 500 down 1.56% at 6538.76 points, and the Nasdaq down nearly 500 points, a decline of 2.15% to 22078.05 points [4][3][26] - Major technology stocks also experienced declines, with the "Big Seven" tech companies index dropping 1.74% [10][12] Individual Stock Performance - Cisco fell 3.76%, Boeing dropped 3.37%, and Nvidia decreased by 3.15%, leading the declines among Dow components [7][8] - Other notable declines included Amazon down 2.49%, Tesla down 2.21%, and Microsoft down 1.60% [12][13] Chinese Stocks - Chinese stocks also saw a widespread decline, with the Nasdaq Golden Dragon China Index down 3.26% and the Wande Chinese Technology Leaders Index down 2.72% [15][14] - Individual stocks such as Canadian Solar fell nearly 19%, while Xinyi Technology dropped over 14% [17] Federal Reserve Insights - Following the release of new data, traders increased their bets on a potential interest rate cut by the Federal Reserve, although a rate cut in December is still not expected [18][19] - The US non-farm payrolls increased by 119,000 in September, significantly above the market expectation of 50,000, while the unemployment rate rose to 4.4%, the highest since October 2021 [19][20] Financial Stability Risks - Federal Reserve officials highlighted three major financial stability risks: high asset valuations, the expansion and complexity of private credit markets, and hedge fund activities potentially disrupting the Treasury market [22][23] - Lisa Cook, Chair of the Financial Stability Committee, noted that asset valuations across multiple markets are at high levels compared to historical benchmarks, increasing the likelihood of significant price declines [24][25]

Market Overview - The three major market indexes experienced a decline after an earlier surge, as investor optimism regarding potential Federal Reserve interest rate cuts diminished [1] - The Dow Jones Industrial Average saw a swing of nearly 1,100 points, ultimately falling by approximately 320 points (0.7%) after an earlier increase of over 700 points [1] - The S&P 500 and Nasdaq also faced losses, down 1.1% and 1.5% respectively, following a similar rally [1] Company Performance - Nvidia's shares initially rose by more than 3.5% after reporting quarterly earnings that exceeded Wall Street estimates, but later declined by 2.5% [2] - Other tech companies also faced losses, including Intel (down 2.8%), AMD (down 6%), Palantir (down 5.2%), Qualcomm (down 3.1%), Amazon (down 1.8%), Microsoft (down 1.5%), Meta (down 1.1%), and Tesla (down 1.5%) [2] - The tech-heavy Nasdaq and Dow were further impacted by losses from Boeing (down 3.7%), Walt Disney (down 1.8%), Goldman Sachs (down 1.1%), and Cisco (down 2.9%) [2] Economic Indicators - The decline in stock prices coincided with a reduced probability of the Federal Reserve cutting interest rates in December, with current odds at just under 40% for a 25 basis point cut [3] - This probability had peaked at 90% the previous month, indicating a significant shift in market expectations [3] - The Bureau of Labor Statistics reported that the U.S. added 119,000 jobs in September, surpassing analysts' estimates, although the unemployment rate rose to 4.4%, suggesting a potential brief recovery in the labor market [3]

Key Takeaways Boeing leverages extensive global partnerships to access new markets and drive innovation.International customers account for over 70% of Boeing's backlog.Boeing Global Services builds regional hubs and MRO sites to enhance customer support.The Boeing Company (BA) is well positioned to benefit from international collaborations by accessing global markets, pooling research and development expenses to support innovation, and leveraging specialized expertise across its extensive supplier network. ...