Alcoa surging, Boeing nets big order, Manchester United bags Adidas deal
Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
Alcoa (AA): The former Dow component popping today after announcing earnings that easily topped Wall Street expectations. The company reported fiscal second quarter profit of 18 cents per share, six cents above estimates, with revenue above consensus as well. CEO Klaus Kleinfeld's cost-cutting efforts of the past few years were among key factors benefiting the bottom line. In September, Alcoa was removed from the Dow after the stock slumped more than 80 percent from its 2007 high. Shares are up more than 70% since, beating the Dow by a factor of 7. Nice.
Boeing (BA): The world's largest planemaker trending today, although the stock is see-sawing a bit. Making waves today for Beoing was a massive order placed by Dubai's Emirates Airlines. Chicago-based Boeing finalized a $56 billion order for 150 777X jets for Emirates, in a deal that also includes options for 50 more aircraft.
A final world cup - soccer themed ticker, Manchester United (MANU). The Red Devils from the English Premier League trending today as the company has reportedly struck a huge jersey, or "kit" deal with Adidas. Nike, the previous Man-U shirtmaker, confirmed it will no longer be making the storied club's uniform after the 2014 season. The monster deal between Man-U and Adidas is reported to be a whopping $100 million a year. Currently, Manchester United is getting $80 million a year from Chevrolet just to don a Chevy patch.
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