Investors couldn't make up their minds on Wednesday as the major indexes dove deep into the red to begin the day but rebounded late to end mostly in black. The Nasdaq dipped slightly, while the S&P 500 and Dow ticked higher.

Boeing Co. (BA)  rose on Wednesday, April 25, after the aircraft manufacturing company reported better-than-expected quarterly earnings and raised full-year guidance for three key financial metrics. The Chicago-based company posted a profit of $4.15 a share. Earnings, adjusted for one-time items, came in at $3.64 a share, handily beating analysts' estimates of $2.58. Revenue of $23.382 billion also topped forecasts calling for $22.278 billion, according to FactSet. The strong quarterly results, in combination with a positive market outlook, led Boeing to raise its full-year outlook. Boeing was, of course, the darling of Wall Street in 2017 as the company soared to all-time highs. It has since come down to earth but looks to take off again.

Despite the happenings in earnings, General Motors (GM) was on the brain after veteran auto analyst Euna Cook at Morgan Stanley said he thinks one way for the automaker to unlock value would be to spin off the luxury Cadillac segment. Cook pegs Cadillac's value at $15 billion, up from a prior estimate of $13 billion, given the brand's success in China and signs of improvement in the U.S. GM's market cap overall is $53 billion. Hedge fund manager David Einhorn of Greenlight Capital, an agitator for change at GM since 2017, would likely be happy about hearing this one about the automaker, says TheStreet's executive editor, Brian Sozzi.

If selling Cadillac doesn't work out for GM, the company can always fallback on Amazon (AMZN)  right?The e-commerce titan and Action Alerts PLUS holding recently announced a deal with GM in which Amazon packages can be delivered to as many as 7 million connected GM vehicles in the U.S. According to analysts at Morgan Stanley in a Wednesday note, the deal is a "natural fit between the online retailing giant and the [original equipment manufacturers (OEMs)]." The partnership could be an example "of a number of domains where partnerships can help solve a problem for Amazon while developing new business models for the OEMs," Morgan Stanley said.

This is an excerpt from "In Case You Missed It," a daily newsletter brought to you by TheStreet. Sign up here.

Photo of the day: Up in smoke

Smoke 'em while you got 'em, 21st Century Fox (FOXA) , because if Disney (DIS) is successful in acquiring the majority of the film and television assets of the media company the days of smoking on camera could be numbered. Gone may be the glory days of glorified smoking, like the scene pictured above from the 1951 film "Streetcar Named Desire" starring Marlon Brando, as The New York Times reports that Walt Disney Studios' strict no smoking policy could infiltrate Fox films. It could be time for Wolverine, Homer Simpson, "Family Guy" character Brian Griffin and a host of other Fox-owned characters to put down the baccy. In the meantime, Fox will continue to battle Comcast for control of British broadcaster Sky plc. Read More

Read more from "In Case You Missed It." Sign up here.

More from Markets

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping