Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, November 12, 2010

Article Excerpt

THE BOEING CO., $63.09, New York symbol BA, fell 10% this week after an electrical fire forced one of its new 787 Dreamliner passenger jet planes to make an emergency landing. In response, the company has suspended test flights until it can determine the cause of the problem. The Federal Aviation Administration is also investigating this incident. The new plane is already over two years behind schedule due to parts shortages and structural problems where the wings connect to the plane’s body. Recent problems with the parts in the tail section have also delayed production. This latest setback prompted one customer to cancel its order for eight 787s. However, another airline decided to buy these planes. Boeing now has orders for 850 Dreamliners worth roughly $128 billion. That’s 1.9 times its annual revenue of $65.7 billion. Boeing is still a buy. CHEVRON CORP., $85.44, New York symbol CVX, has agreed to buy Atlas Energy Inc. (Nasdaq symbol ATLS), which produces oil and natural…