Top stock market news today, March 28, 2014: The Dow Jones Industrial Average fell 4.76 points to finish at 16,264.23. The Nasdaq dropped 22.35 points finish at 4,151.23, while the S&P 500 slid 3.52 to close at 1,849.04.
Meanwhile, gold prices fell $8.70 to close at $1,294.70 - below the $1,300 threshold for the first time in six weeks.
Friday's data will center on consumer income in February, an examination of February consumer spending, and a much anticipated look at March consumer sentiment.
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General Electric's (NYSE: GE) Earnings Report: Here's the Most Important Number for Investors
General Electric Co. (NYSE: GE) will report earnings Friday morning, and analysts are projecting earnings per share of $0.53 on revenue of $40.2 billion.
The $0.53 EPS estimate is a 20% increase from General Electric's 2012 Q4 earnings. Likewise, the revenue estimate is 2% higher than the $39.3 billion revenue GE reported in the previous year.To continue reading, please click here...
- Why The Boeing Company (NYSE: BA) Stock Will Soar to New Heights Boeing stock is up 78% this year. And that's despite getting hit by a lot of widely reported problems with its 787 Dreamliner commercial aircraft as well as the ever-looming threat of defense spending cuts. Not many companies can bull their way through such setbacks and emerge a strong buy. Here's why investors have so much confidence in Boeing...
- The Next Microsoft CEO Will Look a Lot Like This Microsoft shareholders suffered through a lost decade of near stagnation under the leadership of CEO Steve Ballmer. Now that Ballmer is set to retire, Microsoft has an opportunity to choose a CEO who can do a much better job of converting the tech titan's potential into shareholder value. The company has at least five names on its list, but this is the person with the most realistic shot at turning Microsoft around...
Don't Be Fooled by the Media, Boeing is a Buy
I was at work here at the office last Monday night when I heard about the Boeing 737 crash at New York's LaGuardia Airport. A nose wheel on the jetliner had apparently given way after a hard touch-down just after 5:30 p.m. (EDT), leading to a crash that injured about eight of the 150 folks on board.
"Uh-oh," I thought to myself. "Here comes another feeding frenzy."
The media have had a feeding frenzy at Boeing's expense ever since the tragedy in San Francisco, then the Dreamliner fire and the 737 crash. All it can talk about is the "continuing woes at Boeing." But don't be fooled, appearances can be deceiving.
I've been bullish on this aerospace giant for a while and even in difficult times, I doubled down. Its recent troubles are a thin veil over some great long-term fundamentals.
And its shares are set to soar...