Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $355.00 short call and a strike $360.00 long call offers a potential 132.56% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $355.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $2.15 would be incurred if the stock rose above the $360.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Boeing is bearish.
The RSI indicator is at 53.56 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Brazil's Embraer to fight bid by leftist lawmakers to halt Boeing talks
Tue, 31 Jul 2018 01:32:52 +0000
Embraer (EMBR3.SA) said on Monday it will defend itself against a lawsuit brought by leftist lawmakers aimed at halting a bid by Boeing Co (BA.N) to take over most of the Brazilian planemaker's commercial jet unit, the latest legal headache for the proposed tie-up. The lawsuit, filed by four congressmen for the left-wing Workers Party against the federal government and Embraer, seeks an injunction to freeze talks between the two planemakers, the Brazilian company said. While Embraer is a private company, the government holds a special stock that grants it veto power over major business decisions.
Did Boeing’s Commercial Airplanes Segment Disappoint in Q2 2018?
Mon, 30 Jul 2018 18:40:02 +0000
In the second quarter, Boeing’s Commercial Airplanes segment’s revenue rose just 1% to $14.4 billion compared to $14.2 billion in the same period of 2017. In the quarter, the segment witnessed 194 deliveries of commercial airplanes compared to 183 deliveries a year ago.
Factbox – Impact of U.S.-China trade tariffs on U.S. companies
Mon, 30 Jul 2018 18:33:52 +0000
The world's two largest economies have already imposed tariffs on $34 billion worth of each other's imports. In his latest threat to the Asian nation, U.S. President Donald Trump has said he was ready to impose tariffs on all $500 billion worth of Chinese imports. ** Caterpillar Inc (CAT.N) said U.S. tariffs on Chinese imports are expected to increase its material costs by about $100 million to $200 million in the second half of the year.
Wichita among those in Boeing’s eye as company considers rate increases
Mon, 30 Jul 2018 17:47:32 +0000
The CEO of the Boeing Co. said last week that the company still plans to boost production of its 737 narrow-body next year but that rate hikes beyond that will be in part determined by the ability of its supply chain, including companies in Wichita, to meet the demand. CEO Dennis Muilenburg confirmed on a conference call last week following Boeing’s (NYSE: BA) second-quarter earnings report that the company has now moved to the rate of 52 per month on the 737.
Did Boeing Meet Analysts’ Revenue Estimate in Q2 2018?
Mon, 30 Jul 2018 17:10:03 +0000
Boeing’s (BA) total revenue in the second quarter was $24.2 billion, up 6.7% from $22.7 billion in the same period last year. Higher deliveries in the Commercial Airplanes segment along with increased volumes in the Defense and Global Services segments drove the company’s second-quarter revenue higher. Boeing operates in three reportable divisions: the Commercial Airplanes segment, the Defense, Space & Security segment, and the Global Services segment.
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