Boeing (NYSE: BA) Secures $11 Billion Deal.Boeing (BA) shares are climbed today after the company secured major deals with Emirates Airline. Emirates agreed to purchase 90 Boeing 777 jets valued at $52 billion, while sister airline Flydubai will add 30 Boeing 787 Dreamliners to its fleet in an $11 billion deal.
This deal comes as Emirates faces increasing competition in the Middle East, including from Turkish Airlines which plans to add 600 new planes to its fleet. The deals were announced at the Dubai Air Show amid declining travel demand in the region resulting from the Israel-Hamas conflict.
Technical Analysist
Price Momentum
BA is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a negative sign for the stock's future value.
Boeing
Boeing Company: The Underpressured PathBoeing 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 NYSE:BA stocks, and 5yrs SMA is still a huge resistance.
BA The Boeing Company Options Ahead of EarningsIf you haven`t bought the dip on BA here:
Then analyzing the options chain and the chart patterns of BA The Boeing Company prior to the earnings report this week,
I would consider purchasing the 182.50usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $5.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Spirit AeroSystems, Abbott Labs earningsSpirit AeroSystems (SPR) shares soar, closing Wednesday by over 23% higher, on a new collaborative agreement with Boeing (BA). Health care company Abbott Labs (ABT) beats its third-quarter earnings estimates and raises its forecast on the mass adoption of weight loss drugs.
Boeing looks good to Buy NowAs it's shown on the chart for me NYSE:BA looks bullish right now
I have opened some position in NYSE:BA because it is on 200 MA support on daily frame time
Entry price: 209.20
Stop Loss: Daily close lower than 204$
Target 1: 216 $
Target 2: 240$
What do you think? Share your opinion in comments
Thank you
Boeing: Jumped off! 🪂Following the decline in Boeing's stock price, which pushed it below the upper boundary of our pink trend channel, we anticipate a significant correction with the green wave (2). This corrective movement should conclude within the green target range from $181.81 to $146.74 before potential rallies are likely again. However, our analysis assigns a 32% probability to the possibility of surpassing the resistance at $243.10. After breaching this threshold, an upward shift towards the green target range, from $247.91 to $265.42, would be anticipated. This trajectory would facilitate the establishment of a higher high for the green wave alt.(1).
Strong Support Below for BoeingThe Daily Chart of NYSE:BA shows where the probable support will halt the selling for Boeing.
The long sideways trend is close to being a platform. The highs, or within the highs of the range, should provide strong support for the stock.
If it dips deeper, it is likely to be temporary and should shift back to the higher area of the sideways trend.
Boeing's stock is about to challenge the top high shoulder Boeing's stock is about to challenge the top high shoulder
This chart shows the weekly candle chart of Boeing's stock in the past 4 years. The graph overlays the 2020 bottom to top golden section. As shown in the figure, Boeing's stock is currently in the second largest wave band after bottoming out, with the third wave rising and about to challenge the top high shoulder position in March 2021! In the future, focus on the 1.618 and 2.000 positions of the golden section in the graph, and use these two positions as the long short split range for Boeing's stock!
Boeing: Not yet at maximum altitude ✈️Even though the price of Boeing softened a bit last week, we believe that it has not yet reached its peak. It is still in the green wave , for the completion of which it must rise to our green target zone between $247.91 and $265.42, where short positions are worthwhile. Only then can it go down in our estimation. However, it is now important that it holds above its support at $228.16, otherwise it will come under significant downward pressure. If it falls too much against our expectations, the price is already in its old wave , the end of which is in sight in our second green target zone below. We give this alternative scenario a probability of 34% and buyers should keep an eye on it.
BA The Boeing Company Options Ahead of EarningsIf you haven`t bought BA here:
Then analyzing the options chain and the chart patterns of BA The Boeing Company prior to the earnings report this week,
I would consider purchasing the 210usd strike price in the money Calls with
an expiration date of 2023-8-18,
for a premium of approximately $8.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Boeing BA multi months BreakoutBA is breaking out after consolidation for 6 months and with lot of volume. Can be put on watchlist for swing trade. I am looking for a little pullback before entering this trade. However I made good by Day Trading this stock yesterday.
Will post more updates about this trade.
Boeing trading above channel resistanceBoeing Company (BA) presently trading above channel resistance, able to absorb weekly selling pressures.
If a weekly settlement above this resistance occurs, (BA) will be placed into a buy signal where gains of 20-25% would be anticipated over the following 2 - 3 months.
Inversely, if (BA) fails to close above the channel top at the end of this week, this will allow (BA) to fall back to channel support, eliciting losses of a similar magnitude over the next 1 - 2 months.
Boeing: Approach 🛬Boeing is approaching the low of wave (4) in magenta, but still has got room left to expand this movement further southward. As soon as it is finished, though, the share should turn upward to steer above the resistance at $228.16, heading for the dark green zone between $251.82 and $288.54. There, Boeing should complete wave 1 in dark green before maneuvering southward again. However, there is a 34% chance that the share could have concluded wave alt.1 in dark green by now. In that case, it would spin below the support at $173.85 and into the lower dark green zone between $168.58 and $141.08 to already develop wave alt.2 in dark green. This low would then initiate further upward movement.
bear call spread on BAThis will mark my 3rd spread in a row on BA.
The 200 sma on a weekly, 100 sma on a monthly are acting as resistance.
+5 up days in a row. Expecting some light selling maybe? Or sideways action.
If we do drop - I'll get into a bull put spread at some point! Hoping for an iron condor! :-)
Is BA- Boeing Company ready for bullish continuation ?BA is in the industrial sector. Presently a sector may be underway with the industrial sector
(XLI) getting more attention and some upticks. On the daily chart BA is seen in consolidation
at the high volatility high volume area about the POC line of the volume profile. In 2022,
BA descended from its post-COVID highs into a double bottom of the "W" type. Since then
the uptrend continued into the present consolidation. The zero-lag MACD shows the K /D lines
crossing the zero horizontal line. BA is further supported by the long term mean of the anchored
VWAP.
Given the pattern and trends on the highly reliable daily chart. I see this as a good setup for a
long swing trade of either stocks or call options with about 40% upside to the supply zone. I
see it as a good way to diversify away from technology for better risk management.
BA Boeing Flying Above Ichimoku Clouds. Hara-Kiri for the bears I've been invested in this from $130 it is 10% of my total investing and trading capital. The bad news is over for Boeing the stock is still trading cheap compared to the growth this company will have as the US - China Arms and Space Race heats up. Plus the future growth of the aerospace and defense industries in general. Target is for BA to test it's all time high of around $400 .
War Giants Greed: Secret Military Industrial Complex TechnologyThe War on Terror: A Cash Infusion: "The global War on Terror" Massive air quotes , initiated in 2001 following the 9/11 terrorist attacks, led to a substantial surge in defense spending, especially by the U.S. This created an economic windfall for defense companies, fuelling their research and development initiatives.
Black Budget Projects: Part of the military's classified "black budget" is allocated to defense companies for top-secret projects. This could include advanced propulsion systems, stealth technology, energy weapons, and yes, even so-called anti-gravity technology.
Alien Technology Reverse-Engineering: Some conspiracy theories propose that defense companies have recovered crashed extraterrestrial spacecraft and are reverse-engineering their technology for military purposes. This narrative often ties back to the infamous Roswell incident in 1947, where it's suggested that debris from an alien spacecraft was collected and studied.
UFOs as Military Aircraft: Another common theory suggests that some UFO sightings are actually sightings of advanced, top-secret military aircraft developed by defense companies. In this theory, the strange movements and high speeds of these UFOs can be explained by undisclosed technological advancements.
Government and Corporate Secrecy: Conspiracy theories often hinge on the idea of widespread secrecy among governments and corporations. Theorists suggest that these entities possess advanced technology (possibly of extraterrestrial origin) but keep it secret for reasons of national security, profit, or control.
Area 51 and Skunk Works: Area 51, a classified remote detachment of Edwards Air Force Base, is often mentioned in conspiracy theories. Lockheed Martin's Skunk Works, known for developing groundbreaking aircraft like the SR-71 Blackbird and the F-117 Nighthawk, is also rumored to test new technologies there. These rumors fuel theories of secret advanced technology development.
Advanced Technology Suppression: Some theories suggest that highly advanced technologies, such as zero-point energy or anti-gravity, have been discovered and are being suppressed by defense companies, the military, or powerful elites. The rationale behind these theories varies, but common themes include maintaining control over the populace and protecting established industries.
1. Lockheed Martin Corp (LMT): $95 billion
2. Boeing Co (BA): $132 billion
3. Raytheon Technologies Corp (RTX): $134 billion
4. Northrop Grumman Corp (NOC): $57 billion
5. General Dynamics Corp (GD): $44 billion
6. L3Harris Technologies Inc (LHX): $42 billion
The U.S. Department of Defense only represents a portion of these companies' business, as they may also have contracts with other parts of the government, as well as with foreign governments and private entities.
For example, in 2020, Lockheed Martin reportedly received $75 billion in contract obligations from the U.S. government,
--Boeing received about $28 billion
--Raytheon about $27 billion
--Northrop Grumman about $19 billion
--General Dynamics about $15 billion
--L3Harris about $9 billion.
These figures are for one single year and only for U.S. government contracts.