Boeing Company (The)Pembelian
BA LONG
Boeing has been in the dumps ever since covid. Financials have taken a huge hit but revenues have started to recover from 58 to 77B since 2020. Of course, this rise in revenue would be expected due to increased travel post-COVID however the net margins (although negative) have greatly reduced from -20% to -2%.
Currently Boeing is facing a lot of heat from its lack in quality in their planes. In response, the CEO has been fired and been replaced by formed COO Stephanie Pope. From her responses in the media, she is aware of where Boeing stands as a company and how things need to be turned around, starting with safety procedures and quality inspection.
Earnings come out April 24 2024. Likely to be slightly negative news, market will overact due to market sentiment and news in Q1 2024. Earning event proposes a massive buying opportunity as the company has massive stakes in improving in the global transportation and military sector. Forecasts predict roughly mid price target of 246. Post-earnings is either a long bearish move or a start to a slow increase as market recovers from an overreaction.
Currently Boeing is facing a lot of heat from its lack in quality in their planes. In response, the CEO has been fired and been replaced by formed COO Stephanie Pope. From her responses in the media, she is aware of where Boeing stands as a company and how things need to be turned around, starting with safety procedures and quality inspection.
Earnings come out April 24 2024. Likely to be slightly negative news, market will overact due to market sentiment and news in Q1 2024. Earning event proposes a massive buying opportunity as the company has massive stakes in improving in the global transportation and military sector. Forecasts predict roughly mid price target of 246. Post-earnings is either a long bearish move or a start to a slow increase as market recovers from an overreaction.
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