Boeing (BA) Offering Possible 17.65% Return Over the Next 9 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $133.00 short call and a strike $138.00 long call offers a potential 17.65% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $133.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $138.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Boeing is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 44.65 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Boeing

Apple Shores Up $8.5 Billion in Debt For Dividend Payout, Share Buybacks
Tue, 05 May 2020 08:37:00 +0000
Apple Inc. (AAPL) raised $8.5 billion in a four-tranche bond offering as the tech giant tapped debt markets at record-low interest rates to fund dividend payments, stock repurchases, among others.The iPhone maker issued the $8.5 billion in debt by selling four different bonds with maturities ranging from three years to 30 years, according to a Reuters report. It sold a $2 billion three-year bond and a five-year $2.25 billion with coupons of 0.75% and 1.125% respectively, the lowest rates the company has paid on bonds with such durations since 2013, according to Refinitiv IFR data.“We intend to use the net proceeds from sales of the notes for general corporate purposes, including repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt,” Apple said in a preliminary prospectus submitted in a SEC filing.The U.S. central bank has kept interest rates near zero to help the economy recover from the financial hardships caused by the coronavirus pandemic and enable businesses to borrow money at cheap rates. Apple joins a list of large corporates taking advantage of cheap borrowing costs. Boeing Co (BA), the ailing planemaker, said this week it raised $25 billion in debt financing and told investors that as a result it would not need to tap the U.S. government for additional funding for now.As of March 28, 2020, Apple had $98 billion of unsecured senior notes and $7.5 billion of unsecured short-term promissory notes outstanding but no secured senior debt outstanding, according to the prospectus.The joint book-runners on the debt sale were Goldman Sachs & Co., BofA Securities, J. P. Morgan and Morgan Stanley.Wall Street analysts have a bullish outlook on Apple’s stock awarding a Strong Buy consensus rating which is based on 27 Buys, 4 Holds and 1 Sell. The $320.07 average price target indicates 9.2% upside potential for the shares in the coming 12 months. (See Apple stock analysis on TipRanks).Related News: Starbucks to Reopen 85% of U.S. Stores This Week; Fitch Cuts Rating to BBB Diamondback Reports Weaker-Than-Expected 1Q20 Results, But Dividend Stays Stable GE Aviation to Slash Workforce By 25% as Air Travel Stalls; Shares Dip More recent articles from Smarter Analyst: * Total Sticks to Dividend Payout Despite Quarterly Profit Plunge * Five9 Delivers Yet Another Earnings Beat- But Can Its 46% YTD Rally Continue? * Amarin (AMRN): All Eyes on Vascepa Appeal Verdict * Nokia Stock Is a Long-Term Play, Says Top Analyst

Boeing Plans To Mass Produce Fighter-Like Drones Before 2025- Report
Tue, 05 May 2020 06:06:28 +0000
Boeing (BA) anticipates that its unmanned, fighter-like jet- the Loyal Wingman- will reach mass production by 2025, Reuters reports. The company is currently trialing one of three prototypes developed in Australia, aided by $26 million funding from the Australian government. “We are expecting middle of the decade, maybe a bit earlier that this will be in production,” Shane Arnott, the programme director of Boeing’s Airpower Teaming System stated.According to Arnott, “16 of the Loyal Wingman drones could be teamed with a manned aircraft for missions and it [is] on track for its first flight by the end of the year” Reuters reports. The drone can be used to both carry weapons and protect other aircrafts and fighter jets. Cowen & Co’s Cai Rumohr has just reiterated his Hold rating on Boeing, with a $150 price target (14% upside potential) following BA’s ‘welcome’ $25 billion debt offering.The debt issue “eliminates the need for government aid and provides flexibility to make it through to year-end 2022 in a tough environment” writes Rumohr, adding that Boeing “still faces multiple demand/ execution challenges but a liquidity crunch likely isn't one of them.”Overall, Boeing shows a cautious Moderate Buy consensus from the Street, with 6 recent buy ratings far outweighed by 13 hold ratings. With an average analyst price target of $183, analysts, on average, see 39% upside ptoential from current levels. Shares are trading down 60% year-to-date. (See Boeing’s stock analysis on TipRanks). Related News: Boeing Raises $25 Billion in Bond Sale, No Longer Needs Government Aid; Shares Slip Warren Buffett Divests Airline Stakes, Sees No ‘Attractive’ Investments GE Aviation to Slash Workforce By 25% as Air Travel Stalls; Shares Dip

S&P 500 resilience: weakened by coronavirus
Tue, 05 May 2020 04:00:30 +0000
If you can refinance Boeing , you can refinance most businesses. The US aircraft group came bottom of a Lex resilience screening of the S&P 500, before and after stress-testing. Its liabilities are heavy, …

Boeing could produce Loyal Wingman fighter-like drone by middle of decade: executive
Tue, 05 May 2020 03:03:58 +0000
Boeing Co sees mass production of its unmanned, fighter-like jet developed in Australia likely happening by the middle of the decade, an executive said on Tuesday, as it rolled out the first of three prototypes. “We are expecting middle of the decade, maybe a bit earlier that this will be in production,” Shane Arnott, the programme director of Boeing's Airpower Teaming System, told reporters. Royal Australian Air Force (RAAF) Air Vice-Marshal Catherine Roberts said the Loyal Wingman's role could include carrying weapons in combat and protecting assets like the E-7A Wedgetail early warning and control aircraft as well as being used as a target to shield manned fighter jets such as the F-35A and F/A-18E/F Super Hornet.

Why Shares of Boeing Fell in April
Tue, 05 May 2020 02:50:00 +0000
Shares of Boeing (NYSE: BA) lost 5.44% in April, according to data provided by S&P Global Market Intelligence, underperforming the S&P 500's 12.68% gain. While the broader market spent the month growing increasingly optimistic that the COVID-19 pandemic's impact on the economy might be short-lived, Boeing and the commercial aerospace sector had no such luck. What happened to Boeing in April?

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