The fall of aviation icon Boeing has been one of the most shocking market stories of the past year.
Once the biggest name in the industry, Boeing took hit after hit throughout 2019.
Let’s go back to the beginning.
In 2018, Boeing was promising it could ramp up production of its 737 Max models to meet the influx in demand.
Just five days later, the world witnessed the first 737 Max crash.
And five months after that, a second crash rocked the world and the company.
This was followed by a laundry list of misfortune for Boeing.
What was supposed to be the company’s flagship model turned into its worst nightmare. The plane has been grounded worldwide since March 2019.
Cancellations have outpaced deliveries following the aircraft’s grounding. And its overall shares have plummeted about 25% following the second deadly crash.
Meanwhile, Boeing’s main competitor, Airbus, has been outpacing it in the production of the A320neo, a roughly equivalent aircraft.
Boeing’s recent earnings report posted its first annual loss in more than two decades. According to Barron’s, core earnings per share fell from $10.85 to $6.50 for 2020, while cash flow was cut from an inflow of $9.8 billion to an outflow of $5.6 billion.
This earnings report has opened the door to a whirlwind of different questions – but the most important one for traders is where this stock will head next.
It’s a great question, but it doesn’t really matter. Let me explain why… Full Story
Tags: trading strategies
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Regardless of Where Boeing Heads Next, Here’s How to Score Big on It appeared first on Money Morning – We Make Investing Profitable.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.