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Boeing (BA) on Monday launched the sale of around $19 billion in stock and depositary shares, as the troubled plane maker seeks to shore up its finances.

Boeing said it had kicked off the sale of 90 million shares of common stock. That would amount to $13.95 billion if the shares are valued at their Friday closing price of $155.01 each.

Boeing is also offering $5 billion in depositary shares for sale, which it said it intends to list on the New York Stock Exchange (NYSE) under the symbol "BA.PRA."

The plane maker, which is grappling with a crippling strike by its union machinists, will also offer the deals' underwriters a 30-day option to buy an additional 13.5 million common shares and $750 million of depositary shares.

Boeing said net proceeds would go toward the "repayment of debt, additions to working capital, capital expenditures, and funding and investments" in its subsidiaries.

earlier reported plans by Boeing to raise more than $15 billion in capital as it seeks to keep its investment-grade rating and fund its recovery from the strike.

Earlier this month, the company wrote in a regulatory filing that it plans to raise as much as $25 billion through the sale of debt or stock. It also said that it had struck a deal with several big banks to receive a $10 billion credit line.

Boeing is struggling with a cash drain worsened by the strike, with the union last week rejecting a contract that would have given members a 35% pay hike over four years. The company has said it is preparing to lay off about 10% of its workforce, or 17,000 people, and has postponed the launch of its first 777x jetliner.

The company posted an enormous third-quarter loss last week and has said that the ongoing cash burn will continue into 2025.

Boeing stock has lost 40% of its value this year through Friday's close, and is falling 1.5% an hour before the opening bell Monday.

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American depositary receipts (ADRs) of Koninklijke Philips (PHG) are tumbling more than 15% in premarket trading Monday after the Dutch conglomerate cut its 2024 sales outlook amid a "significant deterioration" in Chinese demand.

The company also posted quarterly results that mostly missed analysts' consensus forecasts.

Philips said it now expects 2024 comparable sales growth between 0.5% and 1.5%, down from its previous forecast of between 3% and 5%.

"In the quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions," Chief Executive Officer (CEO) Roy Jakobs said. "We have adjusted our full-year sales outlook to reflect the continued impact from China."

Philips' third-quarter sales of 4.38 billion euros ($4.74 billion) were down from the 4.47 billion euros posted last year, and also lagged the consensus estimate of 4.55 billion euros from analysts polled by Visible Alpha. 

Its third-quarter net income of 181 million euros and earnings per share (EPS) of 0.19 euros also fell short of estimates, although adjusted earnings of 0.32 euros per share narrowly beat expectations. 

The company's ADRs had been up 40% this year through Friday's close but are 16% lower in premarket trading. 

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Amazon (AMZN) reports earnings after the bell Thursday, with investors likely to be watching the tech giant's margins amid concerns consumer weakness, growing labor costs, and higher spending on artificial intelligence (AI) could squeeze profits.

Amazon shares took a hit after the company released its second-quarter report in July, as its quarterly sales and outlook missed expectations. Since then, shares have largely recovered to their level before the report, leaving them about 24% higher for the year so far at $187.83 as of Friday's close.

Analysts expect Amazon's third-quarter revenue to come in at $157.24 billion, up from the prior quarter and year-ago period. However, profits are projected to fall sequentially to $12.32 billion as expenses climb, despite rising roughly 25% year-over-year.

Amazon Web Services (AWS) and a growing advertising business for showing ads on Prime Video have been key sources of revenue growth so far this year. A migration to cloud storage and growing use of AI products have helped boost AWS revenue. Jefferies analysts said recently their checks suggest growing AWS revenue in the third quarter.

The analysts also said they have seen "solid & improving" demand for ad spending with Amazon. Wedbush analysts said they believe high-margin ad revenue could help offset big spending from Amazon to fuel its AI efforts, along with things like Project Kuiper, its planned satellite broadband project.

A number of big tech companies including Amazon face pressure from investors to show that their spending on AI is paying off. Amazon CEO Andy Jassy said in the company's first-quarter earnings call that it wouldn't be spending so much on AI if it didn't see "very clear signals" that Amazon could monetize it.

JPMorgan analysts told clients earlier this month it will be important for Amazon, along with Google parent Alphabet (GOOGL) and Meta Platforms (META) to "highlight their early returns on AI spending" in their coming earnings calls.

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The All Progressives Grand Alliance (APGA) has condemned the alleged a§§ault meted out on a cab driver by Alex Ikwechegh, the member representing Aba North and South Federal Constituency in the House of Representatives.

The party’s National Publicity Secretary, Mazi Ejimofor Opara, disclosed this in a statement on Monday, October 28.

“The attention of our great party, the All Progressives Grand Alliance, has been drawn to a viral video of alleged a§§ault meted out to a citizen by the Honourable member representing Aba North and South Federal Constituency, Alex Ikwechegh.

As a political party founded on respect for Human Rights, we roundly condemn the action of our said member and Federal Parliamentarian, Alex Ikwechegh, representing Aba North and South Federal Constituency, on the platform of our great Party.

As a party, we are founded on the basic principles of upholding the dignity of all humans, irrespective of class, creed and/or ethnicity. The recent video allegedly showing Ikwechegh a§§aulting a cab driver is totally unacceptable and runs counter to what our Party – APGA – represents.

In line with APGA’s constitution, the Leadership of the Party shall set up a disciplinary committee to investigate the act, and if found wanting, appropriate sanctions shall be meted on him in line with the Constitution of APGA.

Our party shall not tolerate any verifiable conduct that is not in tandem with the ideals of our founding fathers. In APGA, we are our Brother’s and Sister’s keeper and it cannot be any other way,” the statement reads.

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Microsoft (MSFT) is set to report fiscal first-quarter earnings results after markets close Wednesday, with investors likely to be watching growth in the company's Azure cloud computing platform.

Analysts expect revenue to jump 14% year-over-year to $64.65 billion. Net income is projected to land at $23.2 billion or $3.11 per share, up from $22.29 billion or $2.99 per share a year earlier.

In the prior quarter, Microsoft reported cloud revenue of $36.8 billion, up 21% year-over-year, but short of the $37.2 billion analysts expected. Microsoft's Intelligent Cloud segment, which houses Azure, accounted for $28.5 billion in revenue, driven by a 29% jump in revenue from Azure and other services.

Deutsche Bank analysts said they expect Azure to post a percentage in the low-to-mid 30s for the fiscal first quarter, adding Microsoft “needs to deliver Azure outperformance and guidance for little if any deceleration” in order to satisfy investors' lofty expectations.

Microsoft told investors when it reported earnings in July that it would raise its investment in artificial intelligence (AI) infrastructure in order to meet AI demand. Worries about whether Microsoft's higher spending will pay off weighed on the company's stock price in the wake of the report.

Goldman Sachs analysts said they view Microsoft's buildout as a "necessary investment ahead of the structural shift to Gen-AI, which is likely to present a vast revenue opportunity across all layers of the AI technology stack."

Microsoft announced several new AI-related features and initiatives in recent weeks, including upgrades to its Copilot AI assistant and autonomous AI agents for Copilot.

Shares of Microsoft have gained close to 14% since the start of the year, at $428.15 as of Friday's close.

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Intel (INTC) shares will be in focus this week as investors await the beleaguered chipmaker’s third quarter results after Thursday’s closing bell.

Analysts expect the company to report a decline in revenue for the period owing to softening demand for both its PC and server chips as it faces intensifying competition from rivals, such as Advanced Micro Devices (AMD) and artificial intelligence (AI) darling Nvidia (NVDA).

Investors will look for further updates from executives about the company’s turnaround plans, which has helped underpin a 23% recovery in the chipmaker’s stock from its early-September low. However, the shares still remain more than 50% lower since the start of the year through Friday’s close, as the company’s dominance in the chip market continues to shrink.

Below, we take a closer look at the technicals on Intel’s weekly chart and point out important price levels to watch out for as the chipmaker prepares to report its quarterly results.

Since breaking above the neckline of a double bottom on above-average volume last month, Intel shares have remained stuck in a sideways drift, with a doji forming last week—a candlestick pattern that indicates indecision.

Moreover, the relative strength index (RSI) has flattened out in recent weeks, confirming rangebound conditions in the stock.

Amid the potential for earnings-driven volatility, let’s outline several important levels on Intel’s chart that investors will likely be watching.

Firstly, it’s worth keep an eye on the $22 level. This area on the chart sits just 3% below Friday’s close and has provided support over the past month near the double bottom pattern’s neckline.

A decisive breakdown below this region could see the chipmaker’s stock revisit the $19 level, an area where bargain hunters may look for buying opportunities near the August and September double bottom troughs.

A breakout above the recent sideways drift may drive a move up to around $25. Investors who have purchased the stock at lower levels in recent months could seek exit points near three prominent swing lows that formed on the chart between October 2022 and February last year.

A rally through this level could see the shares climb to $30, a location where the price may run into overhead selling pressure near major peaks and troughs on the chart from November 2022 through to June this year.

Finally, a more bullish move may lead to a retest of the $36 level, an area just above the 50-week moving average where investors could decide to lock in profits near a trendline connecting a range of comparable trading levels on the chart between June 2022 and July this year.

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