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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (1000)	6/25/2012 12:22:23 PM
From: elmatador	Respond to of 2504

Brazilian consumer confidence waned in June and analysts chopped their forecasts for the country's economic growth, as indebted households and risk-wary investors kept a cautious stance despite successive government measures to revive growth. Confidence in Brazil's economy fades further Mon Jun 25, 2012 7:35pm IST * Economists cut GDP growth view for 7th week * Consumer confidence down in June, off highs * 2012 inflation forecast eases below 5 pct By Silvio Cascione SAO PAULO, June 25 (Reuters) - Brazilian consumer confidence waned in June and analysts chopped their forecasts for the country's economic growth, as indebted households and risk-wary investors kept a cautious stance despite successive government measures to revive growth. The FGV consumer confidence index slumped 2.8 percent in June from May, its second straight monthly decline, with households expectations worsening for the economy over the next six months. Economists cut forecasts for 2012 growth for the seventh straight week in a central bank survey, adding evidence of growing pessimism about once-booming emerging countries. Economists now see 2.18 percent growth, which would be Brazil's weakest annual economic growth since 2009. Their forecasts for the expected rebound in 2013 were also cut to 4.20 percent from 4.25 percent seen in the previous week. FGV's consumer confidence index remained above its historical average as the current economic slowdown have not yet erased record-low unemployment. However, the second decline in a row took it off April's record high. "Brazil avoided a sharper slump in the 2008's crisis because of its domestic demand. But now we see demand cooling off. The government may have to push harder to boost it," said Felipe Queiroz, an economist at Austin Ratings, in Sao Paulo. The world's No.6 economy grew a slower-than-expected 0.2 percent in the first quarter of this year from 2011's fourth quarter as businesses, faced with a decline in global demand and higher labor costs, cut back on expansion and investments. Other large emerging countries are struggling to cope with feeble global demand and heightened uncertainty over the European debt crisis. India is slowing sharply, China cut interest rates to avoid a hard landing, and Russia is being hit by a sharp decline in oil prices. As it tries to boost growth, Brazil's central bank cut interest rates to an all-time low of 8.5 percent in May and is expected to slash rates to 7.5 percent by year-end as inflation expectations ease, the central bank survey showed. The outlook for Brazil's benchmark IPCA inflation rate in 2012 eased to 4.95 percent from 5.00 percent a week earlier. In 2013, analysts foresee prices rising 5.50 percent, compared with last week's 5.54 percent prediction. The survey represents the median forecasts of analysts at about 100 financial institutions. Besides the rate cuts, President Dilma Rousseff's administration has responded to the economic slowdown by launching more than a half-dozen stimulus packages. Last month, Brazil's government unveiled a round of tax cuts aimed at boosting the country's weakening automotive sector, and in June it reduced the scope of a financial tax on foreign loans for domestic companies to ease funding conditions. The central bank targets inflation of 4.5 percent annually, with a tolerance range of plus or minus 2 percentage points. Consumer prices were seen rising 0.18 percent in June.

To: Cal Gary who wrote (1000)	2/7/2022 7:56:39 AM
From: elmatador	Respond to of 2504

Boeing Has a New Problem. It’s About Market Share, Says Citi. By Al Root Updated Feb. 7, 2022 7:20 am ET / Original Feb. 7, 2022 7:19 am ET Boeing has a problem, according to Citi analyst Charles Armitage. It isn’t the 737 MAX, which was grounded worldwide for almost two years, or the 787, which isn’t being delivered right now as Boeing fixes manufacturing issues. It isn’t even Covid-19, which has hurt demand for global air travel. Boeing’s new problem is market share. Armitage worried that the 50-50 duopoly in the commercial aerospace market has been upended by Boeing’s recent troubles and that Boeing (ticker: BA) can only expect to capture 40% to 45% of the market for large commercial jets in the future with the balance going to Airbus (AIR.France). He just doesn’t see Boeing’s market share recovering anytime soon. “Our long-term forecast suggests Boeing has lost its [two] decade ~50% share of the commercial airliner market,” wrote the analyst in a report. He expects Boeing will have roughly 43% of the overall market. That’s made up of about 35% of the market for single-aisle jets and 55% of the market for wide-body jets. A 787 is a twin-aisle, or wide-body jet. Boeing has historically had more of the market for wide-bodies than Airbus. Along with the popular 787, Boeing will launch an updated version of the 777 in coming years. A 737 MAX is a single aisle, or narrow-body jet. That jet was grounded after two deadly crashes inside of five months. The MAX woes aren’t the reason Armitage sees lower market share. Airbus has relatively new A220 and A321 jets that are tough competitors to Boeing offerings. Of course, Boeing could develop a new plane, a little larger the 737 MAX to swing market share back in its direction. A new jet has been suggested by industry and Wall Street analysts, but Boeing hasn’t made a decision yet. As a result of his more bearish outlook, Armitage dropped his Boeing price target to $219 a share from $238. He rates Boeing stock the equivalent of Hold. ELMAT: Should have bought Embraer Brazil’s EMBRAER on upward path after Covid crisis and Boeing rejection The global upturn in commercial aviation has benefited not only EMBRAER's commercial segment, which now accounts for a third of revenues, but also the company's services division. https://www.riotimesonline.com/brazil-news/rio-politics/brazils-embraer-on-upward-path-after-covid-crisis-and-boeing-rejection/ Compared to the A220, Embraer’s E2 jet was not far behind in orders in 2021 Airbus aircraft had 38 net orders last year against 30 planes for the Brazilian rival, thanks to the only known order, from Porter Airlines His peers aren’t nearly as bearish. About 71% of analysts now covering Boeing stock rate shares Buy. A year ago, about 52% of analysts covering Boeing stock rate shares Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 58%. The average analyst price target for Boeing stock is about $264, up about 28% from recent levels. A year ago, the average analyst price target for Boeing stock was about $230 a share. Boeing stock, however, hasn’t really reacted to Wall Street’s increasingly positive sentiment. The stock down about 1% over the past year. The S&P 500 and Dow Jones Industrial Average are up about 16% and 13%, respectively, over the same span. Investors might be waiting for a new jet. Write to Al Root at allen.root@dowjones.com