The Boeing Company (BA) Takes Off With the Dow: United Technologies Corporation (UTX), General Electric Company (GE)

Fresh off last week’s record-setting streak, the Dow Jones Industrial Average is showing no signs of slowing down. As of 2:15 p.m. EDT, the Dow has picked up 40 points, or 0.29%, as it continues to explore uncharted heights. Most stocks are in the green today despite worrying figures from China. Let’s get to the biggest stories of the index today.

The Boeing Company (NYSE:BA)Chinese concerns don’t slow industrials
Chinese inflation figures nosed up 3.2% year over year last month — a 1.2 percentage-point gain over January and a worrying sign for a nation trying to get a handle on rising prices. The world’s second-largest economy is already grappling with a spike in housing sales that has sent prices soaring, as well as a slowdown in industrial production for the first two months of 2013. After the Chinese government announced intentions last week to tax new-home sales sharply, industrial players have expressed concern that the market could be in for a slowdown.

That’s bad news for the Dow’s top manufacturing companies, but stocks in the sector aren’t feeling the heat today. Caterpillar Inc. (NYSE:CAT) and United Technologies Corporation (NYSE:UTX) rank near the top of the Dow with gains of about 0.6% apiece. These two industrial leaders have taken wildly different paths in 2013: While Caterpillar Inc. (NYSE:CAT)’s stock has fallen more than 3%, UTC has pleased shareholders by gaining nearly 10%. Caterpillar Inc. (NYSE:CAT)’s cheap valuation — particularly for a blue-chip stock with plenty of growth prospects in China, despite the recent slowdown — could tempt turnaround investors looking for a dip to buy on.

UTC’s fellow conglomerate General Electric Company (NYSE:GE) isn’t feeling the love today, however. Shares of GE have fallen 0.7% to lead all Dow laggards lower after company CEO Jeff Immelt warned shareholders in an annual letter that the volatile U.S. political situation could threaten investment and spending. Immelt cited the debt and tax reform and other issues while saying dividend raises and share buybacks were priorities for the company in the near future. Investors didn’t take kindly to Immelt’s words, though with GE pushing into emerging markets in Africa, the Middle East, and other developing economies, American politicians won’t shut down this stock’s growth prospects.

Today’s leader has expressed considerably more confidence than Immelt. A senior executive at The Boeing Company (NYSE:BA) announced his company’s confidence that it has a permanent fix for the 787 Dreamliner’s battery problem that first grounded the airliner fleet. The Boeing Company (NYSE:BA) also announced that it sees a strong market for aircraft going forward, with plenty of demand spurring its decision to increase production.

The article Boeing Takes Off With the Dow originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool owns shares of General Electric Company.

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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!