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Large Boeing 737 MAX customers signal caution on orders amid COVID-19 -

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21:06 IST

Hundreds of the 2,000 employees of Microsoft Israel have begun moving into the tech company’s new 46,000 square meters campus.

Hundreds of the 2,000 employees of Microsoft Israel have begun moving into the tech company’s new 46,000 square meters Herzliya campus over the past few days. Sources in the industry estimate that the campus, which took 18 months to build, cost about NIS 350 million.

Microsoft operates in Israel through two divisions – Microsoft Israel headed by general manager Ronit Atad and Microsoft Israel R&D led by CVP and general manager Michal Braverman-Blumenstyk.

Microsoft Israel R&D was set up in 1991 and was one of the company’s first-ever development centers outside of the US. In recent years, the R&D center has focused on cybersecurity and artificial intelligence. The vast majority of Microsoft Israel employees work in development with half of them in cybersecurity.

Microsoft Israel says that the new campus includes an innovation center for demonstrating the company’s technologies to customers and partners, a center for meeting customers and advanced laboratories for the innovation center development staff.

Microsoft Israel’s innovation laboratory is called “The Garage” and is designed to nurture creativity in in information security, augmented reality, and artificial intelligence. It will offer employees free access to advanced technological equipment, to create prototypes of their new ventures and technological creations. The innovation lab will include a demonstration center to showcase the company’s technologies for visitors, bringing Microsoft closer to the local ecosystem, developers’ community, local partners, and customers. M12, Microsoft’s Venture Fund – will also be located in the campus.

The workstations in the buildings are divided into “neighborhoods”, fostering teamwork and creating opportunities for employees to meet with people outside their group. An abundance of natural light, ergonomic furniture and natural vegetation is integrated into the interior spaces.

The building has playrooms, nursing rooms, working balconies, a basketball and volleyball court, a yoga room, a 1,000-square meter gym, music room, and a dog park. Additional amenities include postal services, laundry service, and a convenience store. Haim Cohen’s Feed Your Mind group is responsible for the catering services in the six dining zones and the two cafes, with meal delivery and takeaway services.

On technical fronts Microsoft RSI stood at 46.47 and currently stock is trading below all moving averages. So, SELL position can be taken with following target and stoploss:

TRADE SIGNAL – : Microsoft – SELL: 212.44 , TARGET : 205.65, STOPLOSS : 218.11

17:21 IST

A day after Boeing Co (N:BA) received approval for its 737 MAX to fly again following a 20-month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic.

U.S. based Southwest Airlines (N:LUV), Boeing’s largest customer worldwide, said this week it would just take new MAX jets to replace jets it’s retiring rather than grow its fleet, and on Thursday raised the prospect of scaling back its fleet due to the pandemic.

“If demand is going to be persistently depressed, we can retire and not need to take airplanes as replacements,” Southwest Chief Executive Gary Kelly told journalists.

When the 737 MAX was grounded globally in March 2019 following two fatal crashes, airlines canceled flights because they lacked enough airplanes to meet strong travel demand.

Now many have parked jets or even gone out of business in the pandemic, creating challenges for Boeing as it tries to find homes for 737 MAX jets that are built but now lack buyers.

A senior executive of Boeing’s largest European customer, low-cost carrier Ryanair (I:RYA), said on Thursday that it is not currently looking at additional orders for the jet, but may buy more if prices fall in the wake of COVID-19.

Executives at the airline have said repeatedly over the past year that the airline was discussing possible additional orders amid ongoing talks with Boeing on compensation for delays to its current order for 210 MAX jets.

“Over time one can see that there will be a way that aircraft are going to be cheaper … and we will capitalize on that at some stage,” Ryanair DAC Chief Executive Eddie Wilson said at the Skift Aviation Forum.

“But at the moment it’s just the … existing order that we have,” he said.

Ryanair has said it expects to take delivery of its first 30 MAX jets by next summer. The United States lifted a 20-month-old flight ban on the MAX on Wednesday and European regulators are expected to follow suit.

On technical fronts Boeing Co (N:BA) RSI stood at 52.62 and currently stock is trading above all moving averages. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : Boeing Co (N:BA) – BUY: 205.67 , TARGET : 195.46, STOPLOSS : 211.59

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