Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

The Boeing Company (BA), AT&T Inc. (T): Investors on a Buying Spree Following Mediocre Jobs Report

Stock markets roared back to life today after the Department of Labor announced that 175,000 jobs were added in May and the unemployment rate ticked slightly higher to 7.6%. The expectation was for 167,000 additional jobs, and based on the last few days of trading and word around Wall Street, the market was actually expecting even worse than that.

If there’s such thing as a status quo in the labor market, this is it. Over the past 32 months, the average nonfarm payroll increase has been 178,000, and we’re a rounding error away from that today. While the numbers might not look good, we have to consider that tax hikes and sequestration have hit this year. The fact that we’re at least maintaining the status quo can be seen as a positive in the current environment.

For now, the markets are cheering the news: Near the end of trading, the Dow Jones Industrial Average is up 1.22%, while the S&P 500 has gained 1.1%.

The Boeing Company (NYSE:BA)

The Boeing Company (NYSE:BA) is up 2.5% to lead the Dow. The company looks like it has left its 787 Dreamliner troubles behind and is signing up billions in new orders. This week, Singapore Airlines said it will order 30 787-10X jets, and today it was announced that Rolls-Royce has won the engine contract. This gives the 787 more momentum, and large aircraft orders can’t be a bad sign for the economy overall.

The Boeing Company (NYSE:BA) is a major player in a multitrillion-dollar market in which the opportunities are massive. However, emerging competitors and the company’s execution problems have investors wondering whether Boeing will live up to its shareholder responsibilities. In our premium research report on the company, two of The Motley Fool’s best industrial-sector minds have collaborated to provide investors with the must-know info on The Boeing Company (NYSE:BA). They’ll be updating the report as key news hits, so don’t miss out — simply click here now to claim your copy today.

On the flip side, AT&T Inc. (NYSE:T) has fallen 0.9% along with the broader telecom sector after reports surfaced that the NSA is demanding call data. In the long term, I don’t think the NSA probe will be a big deal, because its data-mining is part of a long-running operation that many were already aware of. Apple Inc. (NASDAQ:AAPL)‘s patent suit loss to Samsung this week should be of more concern to AT&T Inc. (NYSE:T) investors. The iPhone has helped drive AT&T Inc. (NYSE:T) into a duopoly with Verizon Wireless, and the loss of the low-cost iPhone 4 and iPad 2 3G will be an incremental negative for a company trying to get more consumers subscribing to data plans.

The article Investors on a Buying Spree Following Mediocre Jobs Report originally appeared on and is written by Travis Hoium.

Fool contributor Travis Hoium manages an account that owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!