Followers | 679 |
Posts | 140786 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, February 09, 2021 1:24:20 PM
By: TheStreet | February 9, 2021
• Boeing rose after its report of 26 airplanes delivered in January beat archrival Airbus for the first time in two years -- by five planes.
Boeing (BA) shares rose Tuesday after the Chicago aerospace giant reported delivery of 26 airplanes in January, beating its archrival Airbus EADSY by five planes.
Bloomberg News noted that the sales beat over Boeing's European rival was its first in two years.
Boeing’s deliveries included 21 of its storied 737 MAX jets, which U.S. regulators cleared to fly in November. They had been grounded in March 2019 after two fatal crashes.
The company also logged four sales during the month, all of them 747-8 planes to Atlas Air Worldwide Holdings. (AAWW)
Boeing shares recently traded at $215.78, up 1.8%. They have ascended 37% over the past three months amid optimism about the 737 MAX return and the distribution of vaccines to fight off the COVID pandemic.
Morningstar analyst Burkett Huey puts fair value for Boeing at $257.
“Wide-moat-rated Boeing reported a quarterly improvement that was marred by a reach-forward loss on the 777X program,” he wrote after the company’s earnings report two weeks ago.
“The decrease in 777X program quantities, as well as low guidance in defense and global services, more than offset the time value of money increases in our fair value.
"We’re lowering our fair value estimate to $257 per share from $260 per share to reflect these difficulties. Our fair value implies that Boeing’s commercial deliveries do not sustainably reach 2018 levels until 2025.”
Further, “We think the most optimistic news is that airlines have retired about 1,300 aircraft since the start of the COVID-19 crisis,” Huey said.
“While we expect airlines will primarily focus on deleveraging after the pandemic, we think they will be able to use sale-leaseback transactions to take delivery of the aircraft.”
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent BA News
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 04/23/2024 01:11:27 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- U.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs • IH Market News • 04/22/2024 08:38:04 PM
- Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances • IH Market News • 04/19/2024 08:32:14 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Boeing Makes its Largest Purchase of Blended Sustainable Aviation Fuel • PR Newswire (US) • 04/16/2024 02:00:00 PM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- Boeing Announces First-Quarter Deliveries • PR Newswire (US) • 04/09/2024 03:00:00 PM
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
- Boeing Down in Pre-Market Due to CEO Developments and Denver Incident; MicroStrategy Surges 11% with BTC Spike, and More • IH Market News • 04/08/2024 11:17:49 AM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Boeing to Release First-Quarter Results on April 24 • PR Newswire (US) • 04/03/2024 03:00:00 PM
- Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More • IH Market News • 04/03/2024 11:12:20 AM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News • IH Market News • 03/27/2024 10:54:47 AM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Boeing Announces Board and Management Changes • PR Newswire (US) • 03/25/2024 12:00:00 PM
- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates • IH Market News • 03/21/2024 11:17:26 AM
- JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News • IH Market News • 03/20/2024 11:15:48 AM
- Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News • IH Market News • 03/18/2024 11:10:46 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM