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Boeing (BA) Share Price Rally Slows Near Key ResistanceBoeing (BA) Share Price Rally Slows Near Key Resistance The Boeing (BA) stock chart shows that since its March low, the price has surged by approximately 25%, significantly outperforming the S&P 500 index (US SPX 500 mini on FXOpen). This rally was driven by the news that Boeing secured a contract to develop the next generation of fighter jets for the U.S. Navy, beating its main competitor, Lockheed Martin. According to Business Insider, this success is tied to Boeing’s development of the F-47 fighter jet under the Next Generation Air Dominance (NGAD) programme, which will bring the company contracts worth around $20 billion. Technical Analysis of Boeing (BA) Stock Throughout March, bulls managed to break through local resistance around $172 (as indicated by orange arrows). However, the rally has now reached a stronger obstacle—the $188 level: This area marks the 2025 high. Bulls also struggled to sustain prices above $188 in mid-2024. With the RSI indicator nearing overbought levels, a correction after such an impressive two-month rally seems like a plausible scenario. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:BA
by FXOpen
What Rules the Skies Now?In a landmark decision reshaping the future of aerial warfare, Boeing has secured the U.S. Air Force's Next Generation Air Dominance (NGAD) contract, giving rise to the F-47, a sixth-generation fighter poised to redefine air superiority. This advanced aircraft, succeeding the F-22 Raptor, promises unprecedented capabilities in stealth, speed, maneuverability, and payload, signaling a significant leap in aviation technology. The F-47 is not conceived as a solitary platform but as the core of an integrated "family of systems," working in concert with autonomous drone wingmen known as Collaborative Combat Aircraft (CCAs) to project power and enhance mission effectiveness in contested environments. The development of the F-47 directly responds to the evolving global threat landscape, particularly the advancements made by near-peer adversaries like China and Russia. Designed with a focus on extended range and superior stealth, the F-47 is specifically tailored to operate effectively in high-threat regions, such as the Indo-Pacific. Years of clandestine experimental flight testing have validated key technologies, positioning the F-47 for a potentially accelerated deployment timeline. This next-generation fighter is expected to surpass its predecessors in critical areas, offering enhanced sustainability, supportability, and a reduced operational footprint, all while potentially costing less than the F-22. The designation "F-47" itself carries historical and symbolic weight, honoring the legacy of the World War II-era P-47 Thunderbolt and commemorating the founding year of the U.S. Air Force. Furthermore, it acknowledges the pivotal role of the 47th President in supporting its development. Design elements observed in early visualizations hint at a lineage with Boeing's experimental aircraft, suggesting a blend of proven concepts and cutting-edge innovation. As the F-47 program moves forward, it represents not only a strategic investment in national security but also a testament to American ingenuity in maintaining its dominance of the skies.
NYSE:BALong
by UDIS_View
Can Quantum Leap Us into the Cosmos?Boeing's venture into the quantum realm is not just an exploration; it's a bold leap forward into a universe where technology transcends traditional boundaries. Through its involvement in the Quantum in Space Collaboration and the pioneering Q4S satellite project, Boeing is at the forefront of harnessing quantum mechanics for space applications. This initiative promises to revolutionize how we communicate, navigate, and secure data across the vast expanse of space, potentially unlocking new realms of scientific discovery and commercial opportunity. Imagine a world where quantum sensors offer unprecedented precision, where quantum computers process data at speeds and volumes previously unimagined, and where communications are secured beyond the reach of conventional decryption. Boeing's efforts are not merely about technological advancement; they are about redefining the very fabric of space exploration and security. By demonstrating quantum entanglement swapping in orbit with the Q4S satellite, Boeing is laying the groundwork for a global quantum internet. This network could connect Earth to the stars with unbreakable security and accuracy. This journey into quantum space technology challenges our understanding of physics and our expectations for the future. With its history of aerospace innovation, Boeing is now poised to lead in an area where the stakes are as high as the potential rewards. The implications of this work extend far beyond secure communications; they touch on every aspect of space utilization, from manufacturing in microgravity to precise environmental monitoring of our planet and beyond. As we stand on the brink of this new frontier, the question isn't just about what quantum technology can do for space, but how it will transform our very approach to living, exploring, and understanding the cosmos.
NYSE:BALong
by UDIS_View
Boeing: More RoomBoeing recently climbed higher, and we still grant the magenta wave slightly more room on the upside. However, this corrective upward movement should come to an end below the resistance at $197.20 and transition into the sell-off phase of the same-colored wave . This movement, in turn, should complete the overarching turquoise wave 2 while remaining above the support at $137.03. Afterward, the price should surge beyond the resistance at $267.54, allowing the larger magenta wave (1) to conclude. On the other hand, we see a 30% chance that Boeing will form a fresh low below the $137.03 mark during the green wave alt. .
NYSE:BA
by MarketIntel
Boeing (BA): Is Boeing Finally Breaking the Bearish Trend?Boeing has faced significant challenges since March 2020, and when zoomed out, the stock has been trading in a well-defined range between $265 (range high) and $120 (range low), with the mid-range at $192. These levels have been respected repeatedly. From an Elliott Wave perspective, starting the count from the COVID low, we’ve observed consistently deep wave 2 corrections. Following the recent low of $138 in November 2023, we believe Boeing has broken the bearish trend that began in December 2022, signaling a trend reversal. Currently, we anticipate the completion of the very minor wave (i) soon, followed by wave (ii) correction between the 61.8% and 88.2% Fibonacci retracement levels. To safeguard against Boeing’s historically deep corrections, we are placing the stop-loss slightly below 100% of wave 2. Looking ahead, the wave structure suggests that Boeing could eventually break out of this long-standing range. For now, the focus is on reclaiming and holding the mid-range level at $192. Our target in this setup is to reach $265 (range high), but it is crucial to first see the mid-range flipped into support. Key Levels: Support: $147 Resistance: $192
NYSE:BALong
by freeguy_by_wmc
Boeing is ready for next leg up to $200On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month. After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus. Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike. If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now. Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI). Target Zones $198-200 Support Zones $165 $160
NYSE:BALong
by LGNDRY-Capital
1
*BA UPDATE* 2 weeks into the trade (21MAR24 200C) Original Chart STATUS UPDATE: If you got into the $200-205 C EXP 21MAR25 on 02DEC2024 you're probably sitting at around 65%-75% in the green. BA has moved roughly 40 points since its most recent low $137.03 on 15NOV2024, and roughly 15 points since we entered on 02DEC2024. I suspect we keep that same trajectory for the next 30 days and that will take us to our target with 2 months to spare. Alot of good catalyst have come out recently surrounding BA's production and employee strike settlements. We may have another pop here this week coming up due to potential FED rate cuts, sending us even closer to our target of $200 per share by 21MAR24. Upon looking at the charts I noticed BA actually formed more of a triple bottom which is even more bullish than a double bottom. The neckline break of around the $265 area could run us up into the $320 area, once the options chain opens up deeper in price I will take a look at calls deeper OTM. I have found major monthly resistance at the $320 area so if you decide to diamond hands through the break our next trajectory will take us into the $380 area. At the point I would be all out when price starts to enter Monthly supply from $384-447 expect a major rejection off this area and DONT BE A BAG HOLDER..... - I got caught bag holding PLTR after making good money on them the week before. Keep in mind were looking to make money on BA all year. Keep your eye on the prize, as I hop into more calls in the future I will inform you all of the strike price, Date of EXP and entry price P.S. dont get caught up in the little intra day moves and little losses here and there, "When in doubt, Zoom out"
NYSE:BALong
by WadeTradez
6
$BA eyes in the sky.. Off lows in November 13th to 15th, NYSE:BA Boeing has soared 33% ($44) in 30 or so trading days. Off recent news this weekend, 12/28-12/29, three planes crashed which two were Boeing made and all had deaths from said crashes. Seeming how this stock has risen intensely and quickly I think this could be a good spot to short it within 30 days or so expiration. It may be down in premarket tomorrow, 12/30, I'm hoping I can get a piece of the action. Short term puts here and a possible long for 2025. Bullish momentum for the last 3-4 weeks, RSI is over 65, it happened to drop from $200 zone into its lows in November. My price targets are $175 and $170. WSL
NYSE:BAShort
by wallstreetloser001
Boeing: Long Opportunities!As expected, Boeing has recently moved down into our green Target Zone between $146.35 and $113.35. Within this price range, we anticipate the low of the green wave . Once this low is established, we expect the stock to resume its upward trajectory, as the subsequent green wave should have significant potential, targeting levels well above the resistance at $267.54. Our Target Zone can thus serve as an entry point for long positions. To manage risk, traders could place a stop-loss 1% below the lower boundary of the Zone.
NYSE:BA
by MarketIntel
Boeing (BA) Shares Hover Near Two-Year LowBoeing (BA) Shares Hover Near Two-Year Low Despite the S&P 500 index (US SPX 500 mini on FXOpen) rising roughly 20% since the start of 2024, Boeing (BA) shares are currently around the psychological level of $150 – a low last seen in autumn 2022. Several factors have driven bearish sentiment for Boeing in 2024: → Reputational setbacks due to technical issues, including helium leaks and engine malfunctions on the Starliner spacecraft intended for astronaut transport to the ISS. → Boeing has struggled to meet its aircraft delivery targets, and it reported significant financial losses in Q2 2024, with earnings per share nearly halving forecasted estimates, further impacting investor confidence. → Fines from the U.S. Department of Justice, worker strikes, and other operational challenges have compounded issues. Technical analysis of Boeing’s (BA) chart reveals: → In 2024, the share price has formed a downward channel (marked in red), with the Resistance 2 trendline suggesting that bearish sentiment could intensify. → The price hovers near the channel’s lower boundary, potentially supported by the $150 level. This positioning might prompt bulls to attempt a breakout above Resistance 2, possibly replicating the pattern seen after the Resistance 1 break in May 2024. Otherwise, a drop below $150 would indicate intensified bearish pressure and underline Boeing's fundamental challenges. What’s Next? Analysts remain optimistic about Boeing’s (BA) prospects. According to TipRanks, the average forecast for Boeing’s share price is over $200 within the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:BA
by FXOpen
1
The Infamous Boeing: Accidents Weight on PriceThe Infamous Boeing: Accidents Weigth on Price Dear Esteemed Members, Boeing’s stock price has also dropped by 8.5% since Monday after a plane had to make an emergency landing after a part of its fuselage ripped off mid-air. Another plane was grounded after a window fell out during takeoff. Alaska Airlines decided to inspect all Boeings. The competition from Airbus, which has secured a deal with the US Air Force to provide 20 A330 Multi Role Tanker Transport aircraft for $3.5 billion. This deal could give Airbus an edge over Boeing in the military aviation market, and also boost its reputation and revenue. Kind Regards, Ely
NYSE:BAShort
by Elysian_Mind
8
Boeing Approaching Critical Support: Will $150 Hold or Break?Hey fellow traders, Boeing ( NYSE:BA ) is facing some turbulent times both fundamentally and technically, and all eyes are on the charts to see what happens next. Let’s break it down. After a series of tough news — including a machinist strike and warnings about a potential credit downgrade — Boeing has seen a sharp drop, falling nearly 4% on Friday alone. This brings the stock down to $156.77, close to a two-year low. But that’s not the full story; we’re approaching a pivotal level that could make or break Boeing’s near-term future. What’s Happening on the Charts? Downtrend Dominance: Boeing’s been in a consistent downtrend, with a well-established trendline that’s been pushing the price lower for some time now. Each time the stock tries to break through, it’s met with resistance. We’re getting close to testing that support again. $150 Key Support: The price is closing in on $150 — a level that’s acted as a strong support in the past. This is the line in the sand, and a lot of traders are watching closely. Will it hold, or are we headed for further downside? Possible Scenarios Ahead Bullish Case: If Boeing finds support at $150, we could see a short-term bounce. The next logical target would be back to the $170-$175 range, which lines up with that downward trendline. Bearish Case: On the flip side, if $150 breaks, things could get ugly. Given the current sentiment, we might be looking at a sharper drop, with $130 as the next potential support area. Volume Will Tell the Story One thing to keep an eye on is volume. If we start seeing increased selling pressure, it would confirm the bears are in control. Right now, the fundamentals (negative news, cash burn, strike) are aligning with the technicals — a dangerous combination. Final Thoughts Here Whether you’re bullish or bearish, the next few days could provide some interesting opportunities. If $150 holds, we might see some relief, but if it breaks, it could signal much bigger downside potential. Let me know what you think! Will Boeing bounce or break?
NYSE:BA
by Deno_Trading
4
Boeing Faces Major Setback as Workers Vote to StrikeBoeing Co. (NYSE: NYSE:BA ) is once again facing turbulence, but this time, it's not related to its planes or production flaws. Thousands of Boeing factory workers have overwhelmingly voted to strike, rejecting a tentative contract agreement, sending shockwaves through the aerospace sector. The strike could have substantial financial consequences, not only for Boeing but also for airlines, suppliers, and the broader industry. Here’s an in-depth look at the technical and fundamental aspects of Boeing's current situation. Union Discontent and Financial Repercussions The decision by Boeing workers to strike, voting 96% in favor, comes after rejecting a contract that offered a 25% wage increase over four years and a commitment to invest in the Puget Sound region. The workers, represented by the International Association of Machinists and Aerospace Workers (IAM), found the deal insufficient, especially against the backdrop of Boeing’s previous issues and ongoing recovery efforts. Key Factors: - Financial Strain: Boeing has been struggling with production delays, safety concerns, and a staggering $60 billion debt load. A prolonged strike could worsen these issues, especially if it drags out as the 2008 strike did, costing Boeing $100 million per day. - Impact on Operations: The strike affects Boeing’s major assembly plants on the West Coast, including Seattle and Portland. This could disrupt the production schedule of key models like the 737 MAX, already under scrutiny by regulators. - Market Response: Boeing's stock is down 36% year-to-date, reflecting investor concerns over ongoing financial strains and potential production disruptions. With the strike, there is a real risk of further downgrades by rating agencies, putting additional pressure on Boeing’s credit standing. Technical Outlook Technically, Boeing’s stock is already on shaky ground, having been in a downward trend for most of the year. The strike news has pushed the stock further down, trading near its lowest levels since November 2022. Technical Indicators: Boeing's shares fell around 3% early Friday, breaking below key support levels as the market digested the strike news. The stock is now trading near $180, a critical psychological and historical support zone. A dip below the critical support of $126 will lead to massive sellout as it stands as the major building block holding Boeing (NYSE: NYSE:BA ) stock. The stock has been trading well below its 50-day and 200-day moving averages, a bearish signal that indicates ongoing downward momentum. A death cross pattern was recently confirmed, suggesting further downside risk. The Relative Strength Index (RSI) remains oversold, hovering around 40, indicating that while the stock is heavily beaten down, it could still see further selling pressure. The MACD is also trending negative, reinforcing the bearish outlook. What’s Next for Boeing? As Boeing (NYSE: NYSE:BA ) navigates these troubled waters, the outcome of the strike negotiations will be crucial. The company has expressed its willingness to return to the table, but workers are holding firm on their demands. For investors, the key will be to monitor any updates regarding the length and impact of the strike, especially on Boeing's production capabilities and financial outlook. Boeing’s challenges are emblematic of broader issues in the aviation industry—supply chain disruptions, rising costs, and workforce discontent. A prolonged strike could set Boeing back in its recovery efforts, delaying production and hurting its reputation further. For now, the market is on edge, watching closely as Boeing seeks to balance financial prudence with the demands of its workforce. Investor Takeaway Boeing (NYSE: NYSE:BA ) remains a high-risk stock in the near term due to the ongoing strike and financial uncertainties. Investors should be cautious and consider the potential for further declines if the strike continues. Key technical support levels and the company’s ability to resolve union disputes will be critical factors influencing Boeing's stock performance in the weeks ahead. While the long-term outlook for Boeing (NYSE: NYSE:BA ) remains tied to the broader recovery of the aviation industry, the current scenario presents significant short-term headwinds. Navigating these challenges successfully will require careful negotiation, strategic decision-making, and, most importantly, a commitment to restoring the trust of both its workforce and investors.
NYSE:BALong
by DEXWireNews
2
Wells Fargo Downgrades Boeing Amid Debt Woes and Delayed GoalsBoeing (NYSE: NYSE:BA ), once a stalwart of American industrial might, faces significant challenges that have cast a shadow over its future prospects. The aerospace giant's financial woes have worsened as Wells Fargo recently downgraded its stock to “underweight,” slashing the target price to $119—a staggering 32% downside from its last closing price. Here's a deep dive into both the fundamental and technical factors that are driving Boeing's troubles. Mounting Debt and Delayed Cash Flow Goals Boeing's financial health is under severe strain as the company grapples with a massive net debt of approximately $45 billion. The debt crisis stems from a series of setbacks, including safety scandals, regulatory curbs on its 737 MAX production, and ongoing supply chain disruptions. As Wells Fargo analyst Matthew Akers notes, Boeing's annual free cash flow (FCF) target of $10 billion, initially projected for 2025-26, now looks unachievable until at least 2027-28. To get back on track, Boeing (NYSE: NYSE:BA ) needs to address its towering debt load before it can consider launching new aircraft development—a critical factor for maintaining market competitiveness against rivals like Airbus (AIR.PA). Wells Fargo estimates that Boeing may need to raise $30 billion in equity to zero out its net debt by 2027, a move that would likely dilute current shareholders. The company's cash flow will remain constrained through 2030 as it prioritizes debt reduction over growth initiatives. Further complicating matters, Boeing's strategic decision-making is under scrutiny. While deferring the launch of new aircraft could help stabilize cash flow, it risks losing market share to Airbus, which continues to dominate in the commercial aircraft space. A scenario where Boeing focuses solely on debt repayment could lead to stagnation, potentially ceding ground to competitors in the long term. Technical Analysis: Breaking Below Key Support Levels From a technical standpoint, Boeing's stock price has been in a downward spiral, exacerbated by the latest downgrade. Shares plunged over 7% on Tuesday, hitting their lowest intraday level since November 2022. The stock is currently trading below all key moving averages, indicating a strong bearish trend. The Relative Strength Index (RSI) stands at 34, signaling that NYSE:BA is oversold but not yet showing signs of a potential reversal. The current price action suggests that Boeing could be headed for even lower levels, with the next major support zone around $149. A break below this level could trigger further downside, with limited immediate catalysts to inspire a rebound. The stock's downward trajectory has been punctuated by a series of lower highs and lower lows, a classic indicator of a sustained bearish trend. Investors should be wary of Boeing's chart, which offers little optimism in the near term. The lack of institutional buying interest and consistent downward pressure point to a potential retest of critical support areas. Moreover, recent volumes have been thin, underscoring a lack of confidence among major players in the market. A Long Road to Recovery Boeing's path to recovery is fraught with challenges. The combination of staggering debt, delayed cash flow targets, and potential shareholder dilution paints a bleak picture for the company's near-term outlook. Fundamentally, Boeing needs to address its debt woes and regain investor confidence, while technically, the stock faces significant resistance levels that may cap any upward momentum. For investors, NYSE:BA currently spells caution. The stock's inability to find a firm footing amid a series of bearish headlines suggests that Boeing's turbulence is far from over. Unless there is a substantial shift in the company's strategy or market conditions, the stock may continue to face downward pressure, making it a risky bet in an already volatile market environment.
NYSE:BAShort
by DEXWireNews
2
Boeing Stock Climbs on CEO Appointment Despite Earnings MissOverview Dow Jones aerospace giant Boeing (NYSE: NYSE:BA ) experienced an unexpected stock rise after appointing a new CEO, despite missing estimates for its second-quarter results. Here’s a comprehensive analysis of Boeing’s recent performance, the challenges it faces, and what the future holds under its new leadership. Q2 Earnings Report: A Disappointing Performance Boeing's second-quarter financial results revealed a deepening loss, reporting an adjusted loss of $2.90 per share. This was significantly wider than the FactSet analysts' expected loss of $1.90 per share and a marked increase from the $0.82 per share loss in the same period last year. The company's total revenue fell by 15% to $16.87 billion, missing the estimated $17.35 billion. Commercial Airplane Segment Struggles The commercial airplane segment faced severe challenges, with revenue plummeting 32% to $6 billion, driven by a corresponding 32% drop in deliveries. Boeing delivered 92 airplanes during the quarter, maintaining a robust backlog of over 5,400 planes valued at $437 billion. Despite the backlog, the immediate decline in deliveries and revenue underscores the operational difficulties Boeing is grappling with. Efforts to Improve Safety and Quality In response to a series of mechanical issues earlier this year, Boeing submitted a comprehensive safety and quality plan to the Federal Aviation Administration (FAA). Current CEO Dave Calhoun emphasized the company’s commitment to enhancing its quality management system, stating, "While we have more work ahead, the steps we're taking will help stabilize our operations." Production Outlook Boeing ( NYSE:BA ) plans to increase production of its 737 aircraft to 38 planes per month by the end of the year and boost 787 production to five planes per month. These production increases are crucial for Boeing as it aims to recover from recent setbacks and meet growing market demand. Performance in Other Segments Boeing's defense, space, and security revenue saw a slight decline of 2% to $6.02 billion. However, the global services segment reported a 3% increase in revenue to $4.89 billion. Despite these mixed results, Boeing's diversified portfolio provides a buffer against the challenges faced in the commercial airplane segment. Free Cash Flow and Financial Health A major concern for investors is Boeing’s free cash flow, which was negative $4.3 billion for the quarter, compared to a positive $2.6 billion in the same quarter last year. Managing cash flow effectively will be critical for Boeing as it balances investment in production and innovation with financial stability. Strategic Acquisition In early July, Boeing announced a strategic acquisition, agreeing to buy supplier Spirit AeroSystems (NYSE: NYSE:SPR ) for $4.7 billion. This deal, expected to close in mid-2025, aims to enhance Boeing’s supply chain capabilities and support its long-term growth strategy. Leadership Change: A New CEO A significant development for Boeing is the appointment of Robert K. "Kelly" Ortberg as the company’s new president and CEO, effective August 8. Ortberg, 64, brings over 35 years of leadership experience in the aerospace industry. He previously led Rockwell Collins, overseeing its integration with United Technologies and later with RTX Corporation. Ortberg will succeed Dave Calhoun, who announced his plans to retire earlier this year. Calhoun has been with Boeing since 2009 and has served as CEO since January 2020, navigating the company through significant challenges, including the 737 Max crisis and the impacts of the COVID-19 pandemic. Market Reaction Despite the disappointing earnings report, Boeing ( NYSE:BA ) stock climbed 1.5% early Wednesday on the news of Ortberg’s appointment. The stock has rebounded from its late April lows but remains down more than 28% in 2024, making it one of the worst-performing stocks on the Dow Jones Industrial Average. The stock currently has a Relative Strength Index (RSI) of 55.31, which suggests that there is a significant potential for strong growth in the near future. This particular figure is especially notable given that the stock has recently demonstrated a falling wedge pattern, a formation that is generally recognized as indicative of impending bullish reversals in the price trend. This pattern is often interpreted as a precursor to an upward movement in stock prices. As a result, market participants are beginning to anticipate a decisive move toward the pivotal $217 point. Such a movement is expected to further reinforce Boeing's existing rising wedge formation, which aligns with the notion of a bullish shift in the stock's trajectory. Consequently, this anticipated behavior is likely to bolster investor confidence and enthusiasm surrounding the stock, as it suggests a positive turnaround and an upward momentum in its future performance. Challenges Ahead Ortberg will face several significant challenges as he steps into his new role. Boeing ( NYSE:BA ) is dealing with persistent financial losses, increased regulatory scrutiny, and a crisis of confidence from airline customers facing delivery delays. Additionally, the company is engaged in tense labor negotiations, with the threat of a strike looming. Conclusion Boeing’s Q2 earnings report highlighted ongoing operational and financial challenges. However, the appointment of Kelly Ortberg as CEO brings renewed optimism for the company's future. With his extensive experience and proven leadership in the aerospace industry, Ortberg is well-positioned to steer Boeing through its current difficulties and towards a more stable and prosperous future. As Boeing ( NYSE:BA ) works to enhance its safety and quality systems, ramp up production, and navigate regulatory and financial hurdles, investors will be closely watching to see if these efforts translate into a sustainable recovery and long-term growth. With a strong backlog, strategic acquisitions, and a focus on operational excellence, Boeing aims to regain its footing and reaffirm its position as a leader in the aerospace industry.
NYSE:BALong
by DEXWireNews
Boeing UpdateI can't say I have had a great past few months holding NYSE:BA , but whatever. I still see value here, I recently flew on a 737 and it went smoothly. I expect the ratio to hold between 3.1 and 3.6 until the company does something right. If recession is on the horizon, expect cheap NYSE:BA shares in the future. Will be buying the whole way down. One day this will all make sense and I will be extremely rich. Will provide another Boeing update in a few months. Hold the line.
NYSE:BALong
by bruv67