Why Boeing, Triumph Group, and Heico Stocks All Popped This Morning
Surprisingly, while airline stocks appear to be up 1% or 2% more or less across the board, the farther up the supply chain you go, the better the news gets, with shares of airplane manufacturer Boeing (NYSE: BA) rising 3.8% through 11:20 a.m. EDT, and its Boeing suppliers Heico (NYSE: HEI) and Triumph Group (NYSE: TGI) up 4.3% and 11.8%, respectively. In that regard, the fact that Boeing just reported today that it delivered only four airplanes globally in the entire month of July -- and had 43 order cancellations -- doesn't bode particularly well for Boeing stock, or for Heico or Triumph Group, either.
