Why Mylan, Boeing, Suncor, and More Are Making Headlines

Boeing Co (NYSE:BA) is in the spotlight after receiving a huge order from Qatar Airways. According to Boeing, the Middle Eastern airline has ordered $11.7 billion worth of widebody jets and has signed a letter of intent to order up to an additional $6.9 billion worth of narrowbody jets. Although those headline numbers are at list prices (airlines receive discounts from the list price if they buy in bulk), the order is still meaningful even for a company of Boeing’s size. 40 funds that we track were long Boeing Co (NYSE:BA) at the end of June, up by three funds quarter-over-quarter.

Now that it isn’t in the running to buy a certain social media company, Alphabet Inc (NASDAQ:GOOG) seems to be focusing more on its newly-launched Pixel phone. According to Reuters, the internet giant has spent $3.2 million on T.V. advertising in just two days since launching the product. There is more to come, as executives in the ad industry expect Alphabet’s Google division to pony up hundreds of millions of dollars to try and make the Pixel a worthwhile competitor to the iPhone and Galaxy. If the Pixel becomes a smash-hit, Alphabet’s top and bottom-line will jump meaningfully. 126 funds in our database owned Alphabet Inc (NASDAQ:GOOG)’s Class C shares at the end of the second quarter, 16 fewer than did at the end of the first quarter. Meanwhile, 135 funds owned the company’s Class A shares, down from

Oil-Dri Corporation of America (NYSE:ODC) earned $0.72 per share on revenue of $64.91 million for its fiscal year 2016 fourth quarter, nearly identical results to the $0.71 in EPS on $65.52 million in revenue that it pulled in for the same quarter of its prior fiscal year. CEO Daniel Jaffee said:

“While the increase in sales of our Business-to-Business products was relatively small, segment income was extremely strong, increasing 12% in the fourth-quarter and 14% for the full year. High-value products within each of the B2B application groups have played a significant role in improving our overall profit margins… As stated during last quarter’s teleconference, we anticipate maintaining or growing our cash throughout fiscal 2017 and come June, recommending the Board raise the dividend for the 14th consecutive year.”

Five funds tracked by Insider Monkey owned $38.43 million worth of Oil-Dri Corporation of America (NYSE:ODC)’s shares on June 30, which accounted for 15.40% of the float.

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