Boeing (BA) Offering Possible 19.76% Return Over the Next 29 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 19.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $8.35 would be incurred if the stock dropped below the $125.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 54.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Iowa Finance Authority — Moody's downgrades Howmet Aerospace (formerly Arconic Inc.) ratings (CFR to Ba3); outlook negative
Wed, 15 Apr 2020 00:05:11 +0000
Moody's Investors Service (“Moody's”) downgraded its ratings for Howmet Aerospace Inc. (Howmet), including the company's corporate family rating (CFR) and probability of default rating (to Ba3 and Ba3-PD, respectively), and the senior unsecured debt ratings (to Ba3, from Ba2). Howmet's speculative grade liquidity (SGL) rating was downgraded to SGL-2 from SGL-1.

Boeing Stock Falls On Massive 737 Max Order Cancellations
Tue, 14 Apr 2020 20:22:39 +0000
Boeing reported major 737 Max cancellations as the coronavirus and the jet's continued grounding weigh on orders.

Boeing loses dozens more 737 Max orders and deliveries fall in March
Tue, 14 Apr 2020 20:03:17 +0000
One aerospace analyst said he expected the jet maker will cut production of several different widebody jet models later this month when it holds its shareholders annual meeting and releases its first-quarter earnings.

Spirit AeroSystems deliveries drop, company warns of Q1 loss
Tue, 14 Apr 2020 19:53:55 +0000
Spirit AeroSystems Inc. on Tuesday said that it expects to swing to a financial loss in the first quarter as deliveries through the first three months plummeted due primarily to the output halt on the Boeing Co. 737 MAX. Spirit (NYSE: SPR) revealed in a filing with the Securities and Exchange Commission that total shipments in the first quarter fell 28 percent to 324, led by a massive drop off in fuselage deliveries for the grounded 737 MAX. Boeing in January halted production on the MAX, which has been grounded since March 2019 following two deadly crashes, as it waits on recertification of the troubled jet from global regulators.

Analyst expects Boeing to cut output more than 30 percent
Tue, 14 Apr 2020 17:49:56 +0000
As the global aerospace industry buckles under the strain of COVID-19, the most important company to commercial production in Wichita is believed to be poised for a significant output cut. In a research note provided to the WBJ, analyst Ken Herbert of Canaccord Genuity predicts a slowdown for the Boeing Co. (NYSE: BA) that will mirror the one-third production cut recently announced by Airbus. “Now that we have a more concrete plan from Airbus, we believe similar cuts from Boeing are likely,” Herbert says.

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