In This Article:
Morning Brief hosts Madison Mills and Brad Smith review some of the day's trending stocks.
Boeing (BA) is set to stand trial on June 23 in a criminal case tied to two fatal 737 MAX crashes, following a judge's decision after multiple extensions.
Sailpoint's (SAIL) reported its first quarterly earnings print since going public, with analysts viewing the results as solid.
Chewy (CHWY) stock is rising after beating fourth quarter estimates, reporting a net sales growth of nearly 15% from the previous year.
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Boeing set to stand trial on June 23rd in a criminal case that's tied to two crashes of its 737 Max aircraft. A federal judge announced the date after previously granting Boeing and government lawyers several extensions to negotiate a deal. A status report was due April 11th, but that deadline is now vacated and the two sides will proceed to trial. The announcement comes just one day after the Wall Street Journal reported Boeing was pushing to withdraw its guilty plea agreement. The 2018 and 2019 Boeing crashes killed 346 people.
And Sale Point reporting its first quarterly earnings print since going public. The software company reported fourth quarter revenue over $240 million, a loss per share of $4.29. Analysts positive on the earnings, JP Morgan saying these are solid results out the gate. Truist saying the company's position for strong, durable growth.
And Chewy is rising after beating fourth quarter earnings estimates. The pet product company reported net sales growth of nearly 15% from the prior year. CEO attributing performance to strong active customer growth and Autoship customer loyalty. Now Chewy sees net sales for the first quarter surpassing Wall Street's estimates.