Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $215.00 short call and a strike $225.00 long call offers a potential 40.85% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $215.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock rose above the $225.00 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 35.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
DHL Owner Deutsche Post Boosts Profit as Virus Spurs Demand
Wed, 13 Jan 2021 09:44:36 +0000
(Bloomberg) — Deutsche Post AG reported record earnings as its DHL express-delivery arm benefited from a surge in home shopping spurred by the coronavirus crisis.Earnings before interest and taxes jumped 17% to 4.84 billion euros ($5.9 billion) in 2020, according to a statement Tuesday, beating analyst forecasts and prompting Deutsche Post to predict further gains in profit this year and next.“We had the perfect finish to the year,” Chief Financial Officer Melanie Kreis said on a call with reporters, adding that record cash flow will enable the company to invest more for future growth.A shift toward online purchases has accelerated during the pandemic as people are forced to stay home and many shops close or go bust. Demand was strongest before Christmas as consumers were caught out by renewed lockdowns, while businesses are also sending more goods and documents, the German company said.“Better earnings should be here for a while,” Sanford C. Bernstein analyst Daniel Roeska said in a note, labeling the group’s express and German parcels businesses “star segments.”Deutsche Post shares gained 2.4% to 42.82 euros as of 10:21 a.m. in Frankfurt on Wednesday, extending a 12-month advance to 27%.A lack of airline belly space following a near grounding of passenger flights will continue this year, according to Chief Executive Officer Frank Appel. That gives Deutsche Post an edge as it has both an express delivery service with a fleet of more than 260 cargo planes and is a freight forwarder, with both units benefiting from synergies between their operations.The good results led the company to announce a new order for eight Boeing Co. 777 freighters worth more than $2.8 billion at list prices. Coupled with a previous order, that means the company will take delivery of four new 777F aircraft this year and a further four in both 2022 and 2023. The company has an option to add a further four after that. Deutsche Post will report more detailed earnings figures on March 9.(Updates with CFO comments from third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Boeing Delivered 157 Aircrafts In 2020, Its Worst Showing In Decades
Wed, 13 Jan 2021 07:32:39 +0000
Boeing Co (NYSE: BA) announced it delivered 59 aircrafts in the fourth quarter of 2020, bringing the total 2020 deliveries to 157, down 59% from 2019. 2020 was the worst year for the company since 1973, when it clocked 156 deliveries.What Happened: The Chicago-based manufacturer saw an uptick in gross 737 Max orders in December to 80 planes, CNBC reported. The 737 Max crisis led to the jetliner's grounding and order cancellations for 20 months. Boeing received FAA clearance to fly the 737 Max in November.CNBC notes that Boeing saw order cancellations of more than 650 planes in 2020, leading to backlog shrinkage of 1,026 planes, its worst showing. It included accounting adjustments and the removal of aircraft orders that Boeing thought would not be fulfilled.COVID-19 pandemic and 737 Max crisis were not the only headwinds Boeing faced in 2020. Additional inspections of the more expensive 787 Dreamliner caused more troubles for the company, leading to just 4 deliveries in 2020.Why It Matters: Though the pandemic hit the entire aviation industry's demand, Boeing lost significant market share to its rival Airbus SE (OTC: EADSY).The Netherlands-headquartered Airbus delivered 566 planes in 2020, a 34% year-over-year dip. Adjusting for cancellations, it sold 268 planes last year.Boeing has trimmed 787 production to 5 per month, down from the pre-pandemic goal of 14 per month. “As we continue navigating through the pandemic, we're working closely with our global customers and monitoring the slow international traffic recovery to align supply with market demand across our widebody programs,” CFO Greg Smith said.Price Action: BA shares closed 0.78% higher at $208.41 on Tuesday.Related News: Airlines Expect Turbulent 2021 After 2020 Erased Two Decades Of Passenger Traffic GrowthImage Courtesy: WikimediaSee more from Benzinga * Click here for options trades from Benzinga * Airlines Expect Turbulent 2021 After 2020 Erased Two Decades Of Passenger Traffic Growth * Top Five US Banks Generate Record Billion Investment Bank Revenues In 2020: FT(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
U.S. transport safety board sending team to probe Indonesia plane crash
Wed, 13 Jan 2021 01:21:43 +0000
The National Transportation Safety Board (NTSB) said on Tuesday it will send a team of investigators to Indonesia in the coming days as part of the probe into the crash of a Sriwijaya Air plane into the Java Sea with 62 people on board. The NTSB will send the U.S. accredited representative and three other investigators to the Indonesian capital of Jakarta.
Boeing (BA) Outpaces Stock Market Gains: What You Should Know
Tue, 12 Jan 2021 22:45:10 +0000
In the latest trading session, Boeing (BA) closed at $208.41, marking a +0.78% move from the previous day.
Dow Jones Stocks To Buy And Watch In January 2021: Apple, Microsoft Fall
Tue, 12 Jan 2021 21:23:33 +0000
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in January 2021.
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