Boeing is Back at it and Walmart Partners up with Microsoft
Boeing is back at it.
After their 737 Max planes were grounded by aviation regulators when 2 crashes left hundreds dead, Boeing’s future path seemed questionable. The 737 Max is Boeing’s best selling aircraft so the fact that EU aviation regulators have just scheduled test flights for the plane is a big step for the company.
Boeing hopes to get the plane back in the air in early 2021 but this will only come after rigorous testing by the governing bodies around the world. If they were to get back on board by this time, maybe it could represent an opportunity for the company in the medium to long term.
Walmart and Microsoft: the dynamic duo.
On Thursday, Walmart announced that they have coupled up with tech giant Microsoft in a bid for TikTok and it’s U.S., Canadian, Australian and New Zealand operations.
Walmart’s stock has definitely benefited from the relationship as prices hit all-time highs on Thursday and continued to rise after-hours. With ten times the cash balance, I hope Microsoft signed a prenup. According to sources, the TikTok deal is estimated to be in the range of $20-30 Billion Dollars.
Looks like somebody is going to be receiving a very fat check real soon…
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.