Boeing 737 Max Output Falls in March Amid Quality Checks

/ / Industrials /

Boeing (BA) 737 Max output dropped to as low as single digits in late March as quality checks by US regulators slowed down the assembly line, Reuters reported Wednesday, citing industry sources. The jet maker set a production cap of 38 units a month following regulatory scrutiny after a blowout on a 737 Max jet in January, but the production rate has been well below this level in recent weeks, the report said.

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JPMorgan Launches New Product to Connect Marketers With Its Cardmembers for Targeted Deals

/ / Financials /

By Steve Gelsi Megabank rolls out ‘the only bank-led media platform of its kind’ to help target brand promotions JPMorgan Chase & Co is adding one more line of business to its diversified portfolio. The bank (JPM) said Wednesday its launching Chase Media Solutions to connect marketers with its 80 million customer to offer discounts and other offers based on their historic spending patterns. The moves comes after a pilot program with Whataburger, Solo Stove, Blue Bottle and Air Canada. Scott O’Leary, who is vice president of loyalty and product for Air Canada, said in a prepared statement that Chase, “succeeded in creating a thoughtful, targeted offer that exceeded our expectations” with a program that generated incremental revenue for Air Canada among Chase’s cardmembers. The bank already offered customers deals through its Chase Offers program, which will now include offers from Chase Media. The bank did not provide any revenue

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Disney Stock Set For 20% Upside As Bob Iger’s Turnaround Strategy Gains Momentum, Says BofA: ‘Appears To Be In Command And Control And On A Growth Offensive’

/ / Consumer Discretionary /

The Walt Disney Company’s (NYSE:DIS) stock is poised for a 20% rise as Bob Iger’s turnaround strategy begins to bear fruit, according to a note from Bank of America released on Monday. What Happened: Bank of America analyst Jessica Reif Ehrlich maintains that Iger’s growth-focused approach appears to be taking hold. The bank has reiterated its “Buy” rating on Disney and raised its price target from $130 to $145 per share, reported Business Insider. “Bob Iger now appears to be in command and control and on a growth offensive,” she wrote. Ehrlich highlighted that Disney’s theme park sector continues to perform robustly, with operating income projected to increase in the low to mid-teens in the fiscal second quarter. Furthermore, following a carriage deal with Charter, Disney is set to see a significant boost in net subscriber growth in the same quarter. This agreement, inked in late 2023, enabled certain Charter customers to access Disney+ without additional charges. Disney’s

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3M’s Solventum Spinoff Results in Modest Model Updates, RBC Capital Markets Says

/ / Industrials /

3M’s (MMM) successful spinoff of healthcare business Solventum resulted in modest updates to its model, RBC Capital Markets said in a note Monday. The company raised its Q1 earnings per share guidance last month to $2.05-$2.20 from $2.00-$2.15. The increase in the company’s EPS estimate is due to the interest income on the $7.7 billion financing ahead of the Solventum spinoff, according to the note. The firm said it is also adding back $150 million to $175 million of annual stranded costs into the updated model along with income and costs associated with Solventum transition service agreements. RBC expects that 3M will hold onto and generate interest on the dividend Solventum paid to the company. The firms said a sum of part valuation of 3M including the unaddressed per- and polyfluoroalkyl substances liability shows a 15% downside to the company’s shares. RBC reduced the price target on 3M’s stock to

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CFRA Adds Netflix, Inc. To The Warren Buffet Intrinsic Value Portfolio

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We have completed our semi-annual rebalance of the Warren Buffet Intrinsic Value Portfolio (WBIV). The number of constituents has been reduced by 5 to 64. The rules-based portfolio is comprised of 47 companies that were already in the portfolio before the rebalance and 17 new companies; 22 companies were dropped from the portfolio. The most notable additions to the portfolio are: Netflix (NFLX), Gilead Sciences (GILD), and Synopsys (SNPS). The most notable deletions from the portfolio are: Eli Lilly and Company (LLY), Broadcom (AVGO), Abbvie (ABBV), Applied Materials (AMAT), and Bristol-Myers Squibb (BMY). The average market cap of the WBIV is $254 million and the dividend yield is 1.3%. The most notable increases in sector weightings (vs. the September 2023 rebalance) are Information Technology, up 3.5% to

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