Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:
Airbus, Boeing Forecast Clear Skies [Wall Street Journal]
Summary: Boeing and Airbus disagree on the direction in which the aircraft business is headed with Boeing believing travelers will continue to want smaller, more efficient planes and Airbus believing travelers will want to travel in planes like the Superjumbo A380. The companies do agree over what the total value will be for their industry by 2025 - $2.6 trillion, as well as that much of the growth demand will come from emerging markets China and India.
Related links: Commentary: Boeing One-Ups Airbus Yet Again With FedEx Contract • Airbus' Loss in Market Share is Boeing's Gain • Boeing: Get Ready to Fly • Embraer Poised to Capitalize on Airbus' Jumbo-Jet Sized Difficulties. Conference call transcripts: Boeing Q3 2006.
Potentially impacted stocks and ETFs: Boeing (NYSE:BA) • Competitors: Embraer-Empresa Brasileir de Aero. (NYSE:ERJ) • ETFs: iShares Dow Jones US Aerospace & Defense (BATS:ITA), PowerShares Aerospace & Defense (NYSEARCA:PPA).
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