WEC Energy Group Director sold $8.24m in shares-May 24th

WEC Energy Group is a holding company organized around 3 areas of activity:

• electricity production and distribution (57.7% of sales): near 1.6 million customers in Wisconsin and Michigan at the end of 2018. The group also develops steam sale activity;

• distribution of natural gas (41.6%): 1.5 million customers;

• other (0.7%).

Number of employees : 8 129 people.

https://www.marketscreener.com/WEC-ENERGY-GROUP-22762482/company/

https://www.secform4.com/insider-trading/783325.htm

AGNC Inv. Corp.Dir./CEO/CIO (1 person) bought $2.02m in shares-May 24&28

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS).

https://www.marketscreener.com/AGNC-INVESTMENT-CORP-31513839/company/

https://www.secform4.com/insider-trading/1423689.htm

It's primarily a REIT, however it has much in the levered loan business,CDO's and HEAVY in to Ginnie Mae obligations.

Kind of smells funny to pepe to be buying shares in a company with it's asset base tied to home mortgages on the decline. Perhaps they know something we don't…perhaps not.

What Is a Real Estate Investment Trust?

Congress established real estate investment trusts (REITs) in 1960 as an amendment to the Cigar Excise Tax Extension of 1960. The provision allows individual investors to buy shares in commercial real estate portfolios that receive income from a variety of properties. Properties included in a REIT portfolio may include apartment complexes, data centers, health care facilities, hotels, infrastructure—in the form of fiber cables, cell towers, and energy pipelines—office buildings, retail centers, self-storage, timberland, and warehouses.

Most REITs specialize in a specific real estate sector, focusing their time, energy, and funding on that particular segment of the entire real estate horizon. However, diversified and specialty REITs often hold different types of properties in their portfolios.

https://www.investopedia.com/terms/r/reit.asp

Boeing aims for first flight of 777X in late June: sources

SEATTLE/PARIS (Reuters) - Boeing Co is looking to make the first test flight of its 777X twin-aisle jet as soon as late June, people familiar with the matter told Reuters on Wednesday, slightly later than the planemaker had planned, but still on track for putting the plane into airline service in 2020.

Boeing hopes the new jet will extend its grip on the ‘mini-jumbo’ market, which it shares with rival Airbus SE’s 365-seat A350-1000, and perhaps scoop up fresh orders following the demise of Airbus’ A380 superjumbo.

The test flight will likely be too late for Boeing to hit its previous target of flying the 777X to the Paris Air Show, which takes place June 17-23, where it had hoped to make a marketing splash in Airbus’ backyard.

Boeing declined to comment on its flight schedule for 777X or its plans for the air show. The company has previously said the 777X would fly for the first time in 2019 and will start to be delivered to airline customers in 2020.

Development of the plane has been slowed by the partial U.S. government shutdown earlier this year and assembly delays on its carbon-composite wings and General Electric Co’s new GE9X engines.

Boeing has also diverted resources from the program and others to focus on getting its grounded 737 MAX back in the air after crashes in Ethiopia and Indonesia.

The company had been working toward a first flight as early as June 21, effectively overlapping with the air show in Le Bourget, a few kilometers north of Paris, according to two people familiar with the matter. Both people cautioned that the date should be thought of as a window that could stretch into early July.

A third person familiar with the matter said late June was Boeing’s current target but added the flight could happen in the United States at the same time as the air show.

The first two 777X flight test aircraft have left Boeing’s Seattle-area factory and are in integrated system testing on the ground, while the next two flight test airplanes are in final assembly, Boeing’s Chief Executive Dennis Muilenburg told a conference on Wednesday.

“We still expect to achieve entry into service in 2020,” Muilenburg said.

https://www.reuters.com/article/us-boeing-777x/boeing-aims-for-first-flight-of-777x-in-late-june-sources-idUSKCN1SZ2SU

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