The production rate for Boeing's (NYSE: BA ) 747-8 plane has been reduced from two planes per month to 1.75, the company announced today, citing "lower market demand for large passenger and freighter airplanes."
Boeing's assessment of global market conditions, particularly for large airplanes, is that the air cargo market will resume growing in 2014. As for current market demand and the manufacturing of 747-8 planes, Boeing said it will "continue to monitor market conditions and their effect on production rates moving forward." Boeing projects as many as 790 large planes, such as the 747-8 Intercontinental, will be delivered worldwide over the next 20 years.
Boeing estimates the first 747-8 plane affected by the new production schedule will be delivered early next year. The 12.5% monthly decline in production of the 747-8 is, "not expected to have a significant financial impact," Boeing said. To date, there are 110 orders for passenger and cargo versions of the 747-8, 46 of which have been delivered, according to Boeing.
Top 5 Freight Stocks To Buy Right Now: Laramide Resources Ltd (LAM.TO)
Laramide Resources Ltd. engages in acquisition, exploration, and development of mineral properties in Australia and the United States. The company primarily explores for uranium and gold. It principally owns 100% interest in the Westmoreland uranium project that covers an area of approximately 50 kilometers located in Queensland, Australia. The company is headquartered in Toronto, Canada.
Top 5 Freight Stocks To Buy Right Now: Tele Norte Leste Participacoes S.A.(TNE)
Tele Norte Leste Participacoes S.A. provides integrated telecommunication services in Brazil. It operates in three segments: Fixed-Line Services, Mobile Services, and Other. The Fixed-Line Services segment offers local fixed-line, long-distance, and fixed-line data transmission services, as well as interconnections to its fixed-line network. The Mobile Services segment provides mobile services, including voice, mobile data communications, and other value-added services, as well as interconnections to its mobile network. The Other segment offers pay television, Internet service provider, Internet portal, mobile phone payment system, and call center services. The company also offers data transmission services comprising broadband access. It serves residential customers, governmental agencies, and small, medium, and large companies. The company was founded in 1972 and is headquartered in Rio de Janeiro, Brazil. Tele Norte Leste Participacoes S.A. is a subsidiary of Telemar Pa rticipacoes S.A.
Hot Undervalued Stocks To Watch For 2014: Yell Group(YELL.L)
Yell Group plc operates in the classified advertising market in the United Kingdom, the United States, Spain, Argentina, Chile, and Peru. The company provides business leads to advertisers through a range of channels, which include classified directories, local guides, online local search, search engines, operator assisted phone services, and mobile-specific applications. It offers Yellow Pages directories and Yell.com online advertising services in the United Kingdom; and Yellow book printed directories and the yellowbook.com online classified directory services in the United States. The company also provides its services through Paginas Amarillas and Paginas Blancas in Spain; and a range of printed and online directory services in Argentina, Chile, and Peru. In addition, it offers operator-assisted telephone directory services in Spain and Chile; and design and production of multimedia advertising services in the United Kingdom, the United States, Spain, India, the Phili ppines, and Peru. Yell Group plc was founded in 1930 and is headquartered in Reading, the United Kingdom.
Top 5 Freight Stocks To Buy Right Now: eServGlobal Ltd(ESV.AX)
eServGlobal Limited engages in the provision of mobile money solutions and value added services to mobile and financial service providers in the Middle East, the Asia Pacific, Europe, Africa, and Central and South America. It offers mobile money solutions, including PayMobile platform, a market proven solution that provides various aspects of mobile money usage from voucher and electronic recharge, and money and commerce solutions; and HomeSend, a mobile-centric international remittance hub endorsed by the GSM association that enables service providers comprising financial institutions to offer international money and air-time transfer, as well as access to a hubbing and managed service through a single technical and commercial interface. The company also offers value-added services, such as PromoMax that allows telecom service providers to build targeted, personalized, diversified and timely promotions, and loyalty programs; PRIME, a next generation framework for value-ad ded services; Mailis, a messaging solution, which enables service providers to deliver voice mail, unified mail, and video mail to retail and business customers; and IVR, a multi-lingual solution. In addition, it provides software as a service; and professional, training, and support services, as well as offers operational services for operators. The company was founded in 1991 and is headquartered in Paris, France.
Top 5 Freight Stocks To Buy Right Now: Broadcom Corporation(BRCM)
Broadcom Corporation designs and develops semiconductors for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions for the manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices, which enable the delivery of voice, video, data, and multimedia content to the home, office, and mobile environment. Its broadband communications products include cable modem SoCs; femtocell SoCs; MPEG/AVC/VC-1 encoders and transcoders; xDSL, passive optical network, and cable modem customer premises equipment and central office solutions; powerline networking SoCs; digital cable, direct broadcast satellite, terrestrial, and Internet protocol (IP) set-top box integrated receiver demodulators; high definition television and standard definition TV SoCs; and Blu-ray disc SoCs. The company?s mobile and wireless products comprise Wi-Fi and Bluetooth SoCs, wireless connectivity com bo chips, global positioning system SoCs, multimedia processors, applications processors, power management units, VoIP SoCs, mobile TV SoCs, and near field communications tags. Its infrastructure and networking products include Ethernet copper transceivers, Ethernet controllers and switches, backplane and optical front-end physical layer devices, security processors and adapters, and broadband processors. The company markets and sells its products through direct sales force, distributors, and manufacturers? representatives in the United States, as well as through regional offices, and a network of independent distributors and representatives in Asia, Australia, Europe, and North America. The company was founded in 1991 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Harding]
Broadcom Corporation (BRCM) is the best pick for this industry due to its historic success in outperforming its peers, shown by a 15% increase in revenue as opposed to an industry average of 4%. Broadcom’s earnings also grew by a tremendous 16%. Its stock is currently trading at $30.10 and is expected to reach a price target of $45. Revenue is expected to grow by nearly 8%, as compared to a 1% increase in the related industry. Its stocks have traded in a 5 2-week range of $29.17 and $46.89. Broadcom’s market capitalization stands at $16.22 billion and its P/E ratio of 10.6x is expected to remain fairly consistent over the next year. Earnings per share of $2.7 were posted for 2011.
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