Boeing’s Courting of The FAA and 4 Other Hot Stocks
Boeing (NYSE:BA) may reportedly carry out its Federal Aviation Administration-supervised test flight for the 787 Dreamliner on Friday, in efforts to move ahead with getting approval to lift the grounding on the 50 jets that are in service, and costing Boeing millions per week to keep on the tarmac. The FAA must deem the new lithium-ion battery systems safe before the planes can again be used for commercial use. ”As a matter of long-standing policy Boeing does not provide advance notice of flight test activities until we have filed flight test plans,” Boeing spokesman Marc Birtel told Reuters when asked about a possible test flight on Friday, Retuers said.
Announcement of its partnership with Samsung (SSNLF.PK) sent Best Buy (NYSE:BBY) shares soaring to the highest levels that the company has seen in over a year, riding on positive response to the company’s strategic move, which will supposedly bring about the end of “showrooming,” where consumers will browse in-store, only to purchase the products online later. Samsung aims to place 1,400 “mini-stores” inside Best Buy locations nationwide by June.