Boeing Company: The Underpressured Path
Updated
Boeing results topped analyst expectations Wednesday thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production, but losses in its defense and space businesses drove the manufacturer into the red for the quarter.
The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow.
Boeing shares surged 12.70% just in a week, and closed on Friday at $238.69, the stock’s highest closing price since November 2021.
Here’s how the company performed during the period ended June 30, compared with Refinitiv consensus estimates:
👉 Adjusted loss per share: 82 cents vs. 88 cents.
👉 Revenue: $19.75 billion vs. $18.45 billion
👉 Boeing and main rival Airbus have both struggled to increase aircraft production in the wake of the Covid pandemic as some airlines face longer waits for new jets, just as travel demand rebounds.
The company delivered 136 planes in the second quarter, up from 121 aircraft during the same period last year.
Meanwhile just a take a look what historically happened with Boeing stocks, almost every time after 10+ percent weekly advance. In simple words - that's been a flat, or even more than 10 percent decline.
Technical picture indicates that Bearish trend still is in power in
BA stocks, and 5yrs SMA is still a huge resistance.
The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow.
Boeing shares surged 12.70% just in a week, and closed on Friday at $238.69, the stock’s highest closing price since November 2021.
Here’s how the company performed during the period ended June 30, compared with Refinitiv consensus estimates:
👉 Adjusted loss per share: 82 cents vs. 88 cents.
👉 Revenue: $19.75 billion vs. $18.45 billion
👉 Boeing and main rival Airbus have both struggled to increase aircraft production in the wake of the Covid pandemic as some airlines face longer waits for new jets, just as travel demand rebounds.
The company delivered 136 planes in the second quarter, up from 121 aircraft during the same period last year.
Meanwhile just a take a look what historically happened with Boeing stocks, almost every time after 10+ percent weekly advance. In simple words - that's been a flat, or even more than 10 percent decline.
Technical picture indicates that Bearish trend still is in power in
BA stocks, and 5yrs SMA is still a huge resistance.Trade active
Aug 2, 2023Sh#t happens with
BA stocks, again and againTrade active
Sept 20, 2023Boeing
BA is sitting back over to $200 per share, having lost all the previous surge. This happens with Boeing stocks, almost every time after 10+ percent weekly advance. In simple words - history does not repeat itself. But sometimes rhymes .
Note
Sept 21, 2023Six Red Weeks in a row. 😏
Boeing stocks back below $ 200 per share, hitting 6-month low.
Trade closed: target reached
Sept 27, 2023👍 Boeing
BA stocks sit at $ 195, successfully lost all the 20+ per cent advance, that was previously reached in 2023👍 Technical picture indicates we're at multi month floor right now.
👍 In the worst scenario Boeing stocks are to further decline, to reach 52-W Low.
Note
Sept 30, 20237 Red Weeks in a row. What's a .. Tro-lo-lo 👍
Note
Oct 6, 20238 Red Weeks in a row with
BA stocks. What's a .. Bang Bang 👍Note
Oct 13, 2023NINE RED WEEKS IN A ROW..! 😏
Note
18-10-2023All of that becomes ONE OF THE MEMEST STORY, I have ever seen on stock markets.
Will 10th straight week in a row be a red again!?
Time will show!
Note
Oct 21, 202310 Red Candles in a Row
Trade active
Oct 23, 2023👉 Unfortunately to
BA Bulls 52W Highs Q3'23 lowered into a bucket all the hopes for further upside price action.👉 Technical graph is down more in Q4'23 where 52W SMA has been broken.
👉 Watching at multi year lows/ multi year SMA.
👉 Will further slaughter massacre has to come? Time will show!
Note
Oct 27, 2023ELEVEN F****NG RED WEEKS IN A ROW 😖😖😖
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