OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

69,491
15,884
Joined Apr 4, 2008
SHLL has been on a week long run. I have zero clue of what they do :lol:

Portnoy just buys from the "Top Gainers" category on Robinhood:lol:
SHLL is a SPAC that makes electric semi’s I believe. They were featured in Barron’s briefly. Funny that in the middle of all that pure trash, he has a gem in FSLY :lol: hopefully for his sake he never sells it.
 
9,297
3,829
Joined Oct 14, 2008
Infections and hospitalization going to reach record numbers and somehow the market is up. 2020 out the whole world on its head.
 
69,491
15,884
Joined Apr 4, 2008
Always a good time to fund a Roth IRA especially if you are young.
Grabbed another couple of shares of ROKU after hours. Got an order for 107.50 gtc so we’ll what happens. Wanted to at least have some more here in case we gap up tomorrow.
 

MetalMario

formerly m4riol
Supporter
10,528
6,317
Joined Sep 24, 2008
$9.60 PROFIT SO FAR BOIS

But seriously. Is the meme statement “buy into what you use on the regular” accurate? As in I love Costco and buy their stuff outta loyalty or just in it for the investment?
 
15,106
7,722
Joined Nov 3, 2011
Boeing 737 Max Jet Ends First FAA Test Flight for Comeback Bid
(Bloomberg) -- Boeing Co. and the U.S. Federal Aviation Administration began a series of long-awaited flights to test whether the revamped 737 Max is safe following two deadly crashes, and investors cheered the rare good news for a planemaker mired in crisis.

A Max 7 flight-test aircraft concluded the first of three planned days of testing, landing at Boeing Field at about 2:16 p.m. local time Monday, with an FAA pilot sharing the controls with a crew member from the company. Flight enthusiasts around the world followed in real time as the aircraft flew over central Washington and performed maneuvers such as stalls, based on airspeed and altitude data on FlightRadar24.

The so-called certification flight is a milestone toward ending a grounding imposed worldwide in March 2019 after the two crashes of Boeing’s best-selling model killed 346 people. The FAA plans to put the jet, bristling with monitoring equipment, through a rigorous examination, said a person familiar with the matter, who wasn’t authorized to speak publicly about the details.

Boeing jumped 14% to $194.49 at the close in New York, the biggest gain on the Dow Jones Industrial Average. Several key Max suppliers also rallied. Shares of Spirit AeroSystems Holdings Inc., which makes the jet’s fuselage, jumped 17%, while Triumph Group Inc. advanced 18%. Southwest Airlines Co., the largest Max customer, soared almost 10%, the most among major U.S. carriers.

The test of Boeing’s redesigned flight-control systems had been repeatedly postponed over the past year as engineers and regulators flagged additional safety concerns. While the Max finally appears to be on track to be certified in the U.S. by September, it must still clear a long, tough review. Ending the flying ban would enable Boeing to resume 737 deliveries and start generating cash after absorbing about $20 billion in grounding costs.

Share Surge

“There is absolutely nothing more important for Boeing shares than the recertification of the Max,” Carter Copeland, analyst with Melius Research, said on Twitter in response to the Monday testing session. “The cash flow engine of the company depends on it.”

The testing was expected to include aggressive turns that no passenger on an airliner should ever experience as the U.S. regulator assesses whether flight-control software linked to the two crashes has been properly redesigned.

The pilots will re-enact the “wind-up turn,” a steep turn that essentially approaches a stall, with wings approaching 90 degrees of bank. Doing so should trigger the Boeing system that malfunctioned in both crashes, repeatedly pointing the aircraft’s nose downward until pilots lost control.

Airline pilots typically wouldn’t bank beyond 30 degrees, and the turn puts huge forces on the plane and its occupants. A person weighing 180 pounds would be thrust into his or her seat with the force of two or more times that weight.

MCAS Design

In its original design, the so-called MCAS would repeatedly push the nose of the plane down if it sensed that the jet was pointed too high and was approaching an aerodynamic stall. The revised version is programmed to activate only once.

It will take months for the agency to complete new pilot-training standards and issue regulations governing multiple software and hardware changes to the plane. Airline customers have been told the Max could be certified in September if all goes well, though they still have to retrain pilots and perform maintenance on the fleets of planes that have been in storage before the aircraft enter commercial service.

“While the certification flights are an important milestone, a number of key tasks remain,” the FAA said in a statement. The regulator said it was “following a deliberate process and will take the time it needs to thoroughly review Boeing’s work.”

Once Boeing is allowed to resume 737 deliveries, the FAA intends to sign off on each new plane rolling out of the planemaker’s Seattle-area factory rather than delegating that responsibility to company employees.

The agency will also inspect the 450 or so undelivered aircraft stashed in desert storage lots. Much of that fleet was found to have manufacturing debris such as tools and rags left in areas such as fuel tanks.

For more articles like this, please visit us at bloomberg.com

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©2020 Bloomberg L.P.




 
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