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): Three Important Stories You May Have Missed on Friday

Not a trading day passes when some stocks experience some kind of significant event. These events can have a massive impact on the stocks you own and the health of your portfolio. It can be hard to keep up with it all, and my fellow Fools and I are happy to bring you the latest news. Today, I’ll review three events you might have missed on Friday.

The Boeing Company (NYSE:BA)

Let’s first start with The Boeing Company (NYSE:BA) and the fire at London’s Heathrow Airport. Around mid-afternoon, a The Boeing Company (NYSE:BA) 787 Dreamliner parked in a service area of the airport caught fire. Preliminary reports didn’t indicate whether the fire had started in the battery compartment or if it was related to the electrical system at all, but we do know that it wasn’t a result of the plane’s engines, as General Electric Company (NYSE:GE) quickly released a statement indicating that it hadn’t been caused by the key components General Electric Company (NYSE:GE) supplies to The Boeing Company (NYSE:BA).

You may recall that Dreamliners had been grounded for a number of months following a number of battery-related issues. But did you know that the plane that caught fire on Friday at Heathrow was owned by Ethiopian Airlines? And that the Dreamliners owned by that airline had been the first to be retrofitted by The Boeing Company (NYSE:BA) with equipment to help protect the plane from any further issues with the battery system? These fixes had been approved by the FAA and other regulators around the world before the 787s were permitted to fly.

When the Heathrow news hit the markets, the stock initially fell by more than 7%. The Boeing Company (NYSE:BA)’s weight within the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) pulled the index to its lowest point of the day, down 50 points. But as The Boeing Company (NYSE:BA) slowly recovered during the latter part of the day, the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) managed to close higher by just 3 points.

One story that surely slid under a number of investors’ radars was that AT&T Inc. (NYSE:T) made an offer of $15 per share, or just under $1.2 billion, to buy Leap Wireless International, Inc. (NASDAQ:LEAP). The report wasn’t released until after the regular trading day ended on Friday. Shares of AT&T Inc. (NYSE:T) ended the after-hours session flat, at $35.81, but Leap Wireless International, Inc. (NASDAQ:LEAP)’s shares rose an incredible 116.92% to hit $17.31 per share, or a full $2.31 higher than AT&T Inc. (NYSE:T)’s offer price.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.