The Boeing Company (BA.NYSE), Stock is an aerospace company the company’s reach has grown significantly since 1934 when they were incorporated. These include Defense, Space & Security (BDS), Boeing Military Aircraft, BMA), Network & Space Systems(N&SS), Global Services & Support, GS&S, and Boeing Capital.
1. What are their performance records?:– Advertisement –
Boeing Co shares are included within the DJIA, which is the Dow Jones Industrial Average. It has increased 47% in the past year and by 16% since 2017. *
The positive share price trend signals a strong trade opportunity. This is further enhanced by the aggressive expansion and acquisition ventures in the pipeline (mentioned down). *
Boeing’s net loss has been -5.433% (from 5.18USDBillion and 4.90billion) over the past calendar. This was partly due to an increased percentage of administrative, selling, general, or marketing costs, which have risen from 3.67% to 3.82%. * While revenues have remained flat YoY, *
Boeing’s quarterly earnings per share have exceeded expectations in each of the three previous quarters. *
Dividends and earnings per share (excl. extraordinary items) rose by 22.77% (YoY) and 2.27%, respectively. * This makes the company a leader of the Aerospace & Defense Industry – many peers have failed to pay any dividends in the last year.
Boeing’s annualized growth in dividends/shares is higher than the industry average over a period of five years, while its earnings/share growth rate has maintained the same pace as the industry. *
Forecasts for the next five years predict earnings growth at an average annual rate of 13%. Wall Street analysts predict an earnings increase of 20.35% YoY for 2017 and 11.25% YoY earnings expansion for 2018. **
3. European Presence:– Advertisement –
Boeing plans to invest 24,98 USD million in its European first factory. The new Sheffield factory, which will be located in Sheffield, will have a total area of 25 000 feet. It will produce parts for Boeing’s 737 MAX, Boeing 777, and 737 jet models. 30 people will also work at the facility.
4. Innovation through Acquisition:
Boeing was also acquiredLiquid RoboticsDecember 2016: A maker of autonomous wave and solar-powered robotic technology. This is adding to the diversification of the Boeing business line in this fast-growing market segment.
5. The 737 range is ideal for climbing:
Boeing recently hit a significant milestone with the publication of The Boeing 737 Max. First 737 MAX 9.Made its debut, the second member of Boeing’s industry-leading Boeing 737 MAX fleet. The aircraft can hold 220 passengers and offers a range of up to 3,515 nautical miles.
The 737 MAX 9 is due to enter service in 2018. The MAX 7 is smaller than the MAX 200 and will enter service in 2019. The company intends to explore other avenues to increase the range. A 737 MAX8 is expected to arrive in Q2 2017.
6. How to handle your Watch List:
It is important to emphasize that the stocks in this stock market correction are names to keep an eye on for future set-ups, and not to buy now. Stocks that perform well in a downturn might form new bases and maybe the first to emerge in a market uptrend. If technicals start to falter investors should take them off their watch lists.
7. What is the relative strength line?:
The relative stability line (separate from price action) is the blue line shown on the charts below. The RS lines show a stock’s performance compared to that of the S&P 500. The relative strength of a stock can be used to help distinguish between strong and weak stocks. A high RS number is a positive sign.– Advertisement –
Boeing is primarily a manufacturer of civilian aircraft, but it’s also a major defense contractor. Although shares are experiencing some volatility due to the wide selloff, the Dow Jones Industrial Average stalwart remains fairly close to its peak. Despite the fact the major indexes closing the session were lower, the line reached a new high on February 7, making it the highest ever.
Boeing shares rose 3.3% when major averages rose by more than 1%
2. Lockheed Martin:
Lockheed Martin, the world’s largest defense contractor, was able this week to get support at 50-day. Despite shares reversing lower for a 2nd trading session, the RS lines are holding steady at a high.
Lockheed shares increased 1.3%
3. Raytheon, Northrop Grumman:– Advertisement –
Northrop Grumman, Raytheon, and Raytheon are both military contractors that have relative strength levels that are at new highs. This week they also were able to find support at the 50-day line.
Raytheon and Northrup stock rose 1.5%, 1.4% and respectively 1.5% on Monday.
4. L3 Technologies:
L3 Technologies is the only defense contractor stock currently testing support below its 50-day mark. L3 closed Friday just above its 50th day after the S&P 500 index rose from its 200 days line on Friday. The relative strength level is at an all-time high.
L3 shares rose 1 percent.