Burney Co. has notable holdings in Boeing Company, while Boston Partners sold over 1.3 million of the firm's shares. If $1000 was invested in Boeing stock 2 decades ago, returns would be substantial now. Despite overhead pressures like decreasing sales, wider-than-expected losses, and concerns around cash flow, analysts remain bullish on the aerospace and defense enterprise. It's noted that the company is expected to incur more losses in Q3. Boeing's Q2 earnings showed a downward trend and while some investors are increasing their stock holdings, overall short interest in the company dropped by 5.7% in July. Kelly Ortberg was recently appointed as the new CEO of Boeing. Banc of America upgraded the company, and despite the challenges, there's investor attention around the stock and optimism for the future. Market updates indicate Boeing's stock fell YTD by 29.5%, and the company's quarterly commercial deliveries also dropped. Despite adverse times, some believe the company's stock is undervalued. Bearish sentiments prevail amidst CFO comments about plane output and potential costs associated with the acquisition of Spirit AeroSystems. However, increased orders for 777 Freighters provide a glimmer of hope.
Boeing Company BA News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sun, 04 Aug 2024 16:03:44 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor 4
