Check out the companies making headlines before the bell. Boeing — The stock sank nearly 8% as the Federal Aviation Administration ordered a temporary grounding of roughly 171 of the company’s 737 Max 9 aircrafts for inspection after a section of an aircraft blew out during an Alaska Airlines flight . Supplier Spirit AeroSystems plummeted 15%. The company was responsible for installing the plugged door connected to the incident. Alaska Air Group — The airline stock also dropped more than 5% after the midair incident. Alaska Air canceled dozens of flights on Sunday and Monday . United Airlines fell about 2% after also grounding that fleet. Axonics — The medical technology stock rallied more than 21% after agreeing to be acquired by Boston Scientific for $71 a share , or about $3.7 billion in equity value. Boston Scientific shares were little changed. American Airlines — The airline stock added 1.6% following an upgrade to overweight from equal-weight at Morgan Stanley. The bank cited an improving balance sheet and strong post-pandemic execution as catalysts for the upgrade. Enphase Energy , First Solar — Shares of Enphase Energy rose 2.5% following an upgrade by Wells Fargo to overweight from equal weight. The bank expects a rebound in residential solar as interest rates come down. However, Wells Fargo downgraded First Solar to equal weight, citing its strong 2023 performance, the relatively defensive na …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Boeing — The stock sank nearly 8% as the Federal Aviation Administration ordered a temporary grounding of roughly 171 of the company’s 737 Max 9 aircrafts for inspection after a section of an aircraft blew out during an Alaska Airlines flight . Supplier Spirit AeroSystems plummeted 15%. The company was responsible for installing the plugged door connected to the incident. Alaska Air Group — The airline stock also dropped more than 5% after the midair incident. Alaska Air canceled dozens of flights on Sunday and Monday . United Airlines fell about 2% after also grounding that fleet. Axonics — The medical technology stock rallied more than 21% after agreeing to be acquired by Boston Scientific for $71 a share , or about $3.7 billion in equity value. Boston Scientific shares were little changed. American Airlines — The airline stock added 1.6% following an upgrade to overweight from equal-weight at Morgan Stanley. The bank cited an improving balance sheet and strong post-pandemic execution as catalysts for the upgrade. Enphase Energy , First Solar — Shares of Enphase Energy rose 2.5% following an upgrade by Wells Fargo to overweight from equal weight. The bank expects a rebound in residential solar as interest rates come down. However, Wells Fargo downgraded First Solar to equal weight, citing its strong 2023 performance, the relatively defensive na …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
