The Boeing Company (BA) rose to $210.71, up +3.13 percent. It is expected that the 737 MAX will be able to start again in the European skies as early as next week. In the coming days, the European Aviation Safety Agency is scheduled to allow the aircraft to fly. Patrick Ky, Executive Director of the European Aviation Safety Organization, said the final Airworthiness Directive would carry out the aircraft’s required improvements and include new pilot training standards. Moreover, the flight ban on the 737 MAX must also be lifted by Canada.
MGM Resorts International (MGM) rose by +2.45% to $30.53. The casino operator in Las Vegas claims it has no intentions to request a revised application or file a business bid to purchase Entain. The owner of the brands Bwin, Coral, and Ladbrokes had refused the US giant’s 8.1 billion pound bid, claiming that the latter’s plan undervalued the firm and its prospects, while MGM offered 0.6 shares for each Entain share owned, a 22% premium to the trading price of Entain on December 31.
Citrix Systems, Inc. (CTXS) increased to $135.36, up +2.55 percent. Citrix Systems plans to acquire Wrike’s online market services network for $2.25 billion from Vista Equity Partners.
After posting small losses and higher-than-expected sales for the fourth quarter, Halliburton Company (HAL) slipped -0.96 percent to $20.54. Adjusted earnings per share posted by the company were 18 cents, compared with a consensus of 15 cents. Revenues, contrary to a forecast of $3.21 billion, were $3.24 billion. They are rising sequentially by 9 percent. For the period, after adjustments and ‘other costs’, the net loss was 27 cents per share. Compared with $17 million in the previous quarter, the net loss was $235 million. Compared to $100 million in the previous year, adjusted profit was $160 million.