Here’s why Embraer is up today

Embraer SA (ERJ) has gained 3.09% while the S&P 500 is down -0.17% as of 2:46 PM on Friday, Jan 11. ERJ has risen $0.70 from the previous closing price of $22.65 on volume of 1,661,825 shares. Over the past year the S&P 500 is lower by -6.33% while Embraer SA is down -8.54%. ERJ earned $1.17 a share in the most-recent quarter, giving it a price-to-earnings ratio of 19.98.

Embraer is up today following news that the Brazilian government approved the joint ventures between Embraer and Boeing. The partnership will be an attempt to develop new markets for commercial aircraft and mid-sized planes. 

Meanwhile, the major indices are on the decline. The S&P 500 is lower by -0.17% to 2,592.28. The Dow Jones Industrial Average is down -0.21% to 23,952.19. The NASDAQ is lower by -0.28% to 6,966.63.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives ERJ a score of 71 out of a possible 100. That score is based on three component scores. A fundamental score of 58, a long-term technical score of 74 and a short-term technical score of 81. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Symbols: ERJ

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