I. Conservative Recommendation
The Boeing Company (BA), a holding in Alpha Algorithm, has been in a steady uptrend over the past year.
Boeing announced Monday afternoon that its board has approved a 20% increase in its quarterly dividend, boosting the shareholder payment to $1.71 per share. The new dividend will be payable March 2, 2018 to shareholders of record as of February 9, 2018. The latest 20% increase to that payment means Boeing now has raised its quarterly dividend more than 250% during the past five years.
The company also authorized a new total of $18 billion for its share repurchase program.
Shares in Boeing are up a whopping 86.8% this year.
Technically, the stock is in a strong uptrend and scores 100% on my long-term technical indicators.
II. Aggressive Recommendation
World Wrestling Federation Entertainment Inc. (WWE) is the latest recommendation in Momentum Trader Alert.
Founded in 1980 and headquartered in Stamford, Connecticut, World Wrestling Federation Entertainment Inc. (WWE) is an integrated media and entertainment company principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events. It also licenses and sells branded consumer products featuring the World Wrestling Federation and Raw brands.
J.P. Morgan recently initiated coverage on WWE with an “overweight” rating and a $37 price target. That’s over 20% upside from current levels.
Nicholas A. Vardy