Stocks making the biggest moves premarket: Boeing, Wells Fargo, Morgan Stanley, GE & more

div > div.group > p:first-child"> Boeing — Boeing said it would cut production of its 737 Max aircraft to 42 per month from 52, as it continues to work to return the aircraft to service following two fatal crashes. In a related story, American Airlines said it would extend cancellations of 90 daily flights involving that aircraft by more than a month to June 5.

Wells Fargo — The bank was urged by Warren Buffett, its largest shareholder, to look outside of Wall Street for its next chief executive following the resignation of CEO Tim Sloan. Buffett made his comments in an interview with the Financial Times. General Electric — GE was downgraded to"underweight" from"neutral" by J.P. Morgan Securities analyst Stephen Tusa, who also cut his price target on the stock to $5 per share from $6. Tusa said investors are underestimating the severity of the challenges and underlying risks at GE.

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Stocks making the biggest moves premarket: Boeing, Wells Fargo, Lyft, Nio, Disney & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

Data from this company helped convince the FAA to ground the Boeing 737 MaxAireon provided satellite tracking data that proved pivotal in the Federal Aviation Administration's decision to ground the aircraft last month. BEC Boeing can not be trusted. They need to have consequences, and lose contracts That and the disgust from the rest of the world. Why didn't they ground them after the FIRST suspicious crash without evidence of any cause other than mechanical issues?
Source: washingtonpost - 🏆 95. / 72 Read more »