Today we are watching…
1. American Airlines (#ameriair)
The Boeing 737 MAX may never shake off its reputation for fatal crashes and expensive groundings. However, some investors still think the commercial aerospace giant can claw back trust. Last month saw a flood of excited buying of Boeing shares as announcements from the Civil Aviation Authority and Federal Aviation Authority came due on the plane’s status. Unfortunately, bulls would have to show patience. Not only did the grounding order remain, but now, American Airlines won’t fly the airliner until April, whatever happens. As one of America’s largest long-haul and domestic airlines, that’s a stinging vote of no confidence.
2. PepsiCo (#pepsi)
It’s cola with a kick! PepsiCo and Coca-Cola have grown into vast multinational food, snack, and fizzy drink holding companies. Now they’re rekindling an old rivalry by racing to bring coffee-cola drinks to US consumers! It looks like PepsiCo might get there first, with details of Pepsi Café released yesterday. The energy drink will pack a punch, that’s for sure. Containing twice the caffeine of a normal Pepsi, a vanilla flavor will complement an original version in a twelve-ounce can! This is actually PepsiCo’s third attempt at the drink, having failed to get coffee-cola off the ground in 1996 and 2004. With its share price having outpaced that of Coca-Cola’s this year, investors are in the mood for a different outcome this time around!