A humorous look at the companies that caught our eye, for better or worse, this week
When an airplane catches fire repeatedly, is that considered a good thing or a bad thing?
Answer: a bad thing.
In the latest setbacks for Boeing’s 787 Dreamliner, one of the planes caught fire at Heathrow Airport and another had to turn back to Manchester, England, because of unidentified technical problems. The incidents, combined with two previous battery fires that temporarily grounded the jets, brought the stock in for an emergency landing.
July 12 close: $101.87 (U.S.), down $2.33 or 2.2% over week
Things that people are still waiting for:
1) World peace;
2) The return of Elvis;
3) A recovery at BlackBerry.
With investors rankled by a first-quarter loss and underwhelming BlackBerry 10 sales, CEO Thorstein Heins pleaded for patience at the annual meeting. But judging by the sell-off in the stock – which came as two key executives left the company – shareholders are starting to wonder if they’ll be dead before the promised turnaround materializes.
July 12 close: $9.59, down 49¢ or 4.9% over week
S&P/TSX composite index
That mini panic sparked by worries that the Fed will withdraw stimulus? Just a big misunderstanding, folks. Turns out Ben Bernanke is in no hurry to take the punch bowl away because, as he explained this week, the economy needs “highly accommodative monetary policy for the foreseeable future.” While that’s great news for most investors, saps who sold amid the scare about rising rates will be counting up their losses for the foreseeable future.
July 12 close: 12,462.18, up 327.26 or 2.7% over week
People hate Windows 8. Microsoft is an also-ran in smartphones and tablets. And PC sales are in a free-fall. So the stock is tumbling, right?
Nope. The shares – already benefiting from strength in Microsoft’s servers and business divisions – gained more ground this week when CEO Steve Ballmer announced an operational shakeup designed to spur more innovation. Who you callin’ Mister Softee?
July 12 close: $35.67 (U.S.), up $1.46 or 4.3% over week
Nu Skin Enterprises
My grandma is 97, but she doesn’t look a day over 21. Her secret? She invests in Nu Skin stock. The direct seller of anti-aging skin-care products and nutritional supplements surged after the company boosted its second-quarter outlook substantially, citing strong growth in Asia and the Americas. With the shares up more than 100 per cent this year, Grandma’s buying the drinks for the boys down at the saloon.
July 12 close: $78 (U.S.), up $14.29 or 22.4% over week