AER

Boeing's November Deliveries: Boeing reported 44 aircraft deliveries in November, a significant increase from 13 a year prior but a decrease from 53 in October, primarily driven by the 737 MAX program.

Airbus's Competitive Edge: Airbus outperformed Boeing with 72 aircraft deliveries in November and a total of 657 deliveries for the year, highlighting a steadier production flow compared to Boeing's ongoing recovery challenges.

Importance of Deliveries for Boeing: Aircraft deliveries are crucial for Boeing's revenue and cash flow, with November's performance indicating gradual improvement, particularly in the 737 MAX program, though consistency is needed to close the gap with Airbus.

Market Reaction: Following the delivery reports, Boeing shares fell by 2.53% to $201.05, while Airbus shares decreased by 2.31% to $56.73, reflecting investor sentiment regarding the companies' performance.

L1 Capital's Stake Sale: L1 Capital International sold its entire stake of 84,795 shares in Eagle Materials for $19.1 million, which previously represented 4.7% of the fund's assets under management.

Eagle Materials' Stock Performance: The stock of Eagle Materials has declined over 30% in the past year, significantly underperforming the S&P 500, primarily due to a soft housing and construction market.

Financial Challenges: Eagle Materials has faced revenue growth challenges, with a decline in wallboard volumes and missed earnings estimates, attributed to reduced demand in the residential construction sector.

Potential for Recovery: Despite current uncertainties, Eagle Materials' non-residential segments are growing, and the stock may be a good long-term investment if housing market conditions improve in the future.