2024-06-28 10:56:33 ET
Summary
- The Boeing Company dip-buyers bought Boeing's April 2024 lows despite market sentiments being pessimistic.
- Recent reports suggest Boeing's second-half performance could improve further.
- The anticipated acquisition of Spirit AeroSystems Holdings should lower execution risks and not significantly dilute Boeing shareholdings.
- Boeing remains above its long-term uptrend, corroborating dip-buying sentiments.
- I argue why the crisis on Boeing is overblown, underscoring another fantastic dip-buying opportunity for patient investors.
Boeing: Overblown Crisis Sentiments
The Boeing Company ( BA ) investors are still suffering from the fallout of the crisis that engulfed the leading US aircraft manufacturer. As a result, BA is still struggling above its April 2024 lows after plunging from its previous highs in December 2023. However, I also gleaned buying sentiments have improved since BA bottomed in late April above the $160 level....
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Boeing: Overblown Pessimism Creates An Opening