Boeing (BA) Offering Possible 28.21% Return Over the Next 23 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $365.00 short put and a strike $355.00 long put offers a potential 28.21% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $365.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $7.80 would be incurred if the stock dropped below the $355.00 long put 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 63.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

US STOCKS-S&P 500 climbs toward record high, earnings in focus
Mon, 22 Jul 2019 21:53:25 +0000
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rallied 2.0% ahead of its report due out after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up more than 0.7% ahead of their reports on Thursday. Investors' reactions to the reports of these top-tier growth companies could affect broader market sentiment, with the S&P 500 about 1% below its July 15 record high close.

Boeing firms up widebody jet orders from Korean Air, Qatar Airways
Mon, 22 Jul 2019 21:33:28 +0000
The orders will help stabilize Boeing operations in the Puget Sound Sound region as the jet maker grapples with the financial impact of the 737 Max's global grounding.

Has the Market Put Too Much Faith in a Fed Rate Cut?
Mon, 22 Jul 2019 21:19:42 +0000
Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?

Boeing’s 737 Max Crisis Puts Credit Ratings at Risk of Downgrade
Mon, 22 Jul 2019 21:08:25 +0000
(Bloomberg) — Boeing Co.’s credit rating is at risk as the grounding of the company’s 737 Max jetliner drags into a fifth month, with Moody’s Investors Service joining Fitch Ratings in sounding a warning.The planemaker faces a $5 billion cash-flow drain this year as it continues to churn out aircraft it can’t deliver until regulators around the globe clear the Max to resume commercial flights, Moody’s said in a statement Monday. Like Fitch, Moody’s affirmed Boeing’s rating at the sixth-highest level of investment quality while cutting the outlook to negative.“Financial risk relative to the company’s pre-grounding profile has meaningfully increased, and the resolution and ultimate impact for Boeing, both financially and reputationally, remain unknown,” Moody’s said.The grounding of Boeing’s best-selling jet will clip operating margins for years to come, while posing a significant public-relations challenge that will linger into next year and beyond, Fitch said earlier in the day. Uncertainty around the return to service of the Max and the “growing logistical challenge” of getting parked planes back in the air threaten Boeing’s credit, Fitch said. There’s also a risk that the company will have to make costlier concessions to airlines.Boeing’s bonds were unchanged after the Fitch and Moody’s reports. The cost to protect its debt against default for five years rose 1.6 basis points, according to data provider CMA.The manufacturer’s benchmark 10-year bond has traded higher since the March 10 crash of an Ethiopian Airlines jet, the second Max accident in a five-month span. The notes were last quoted at 103 cents on the dollar, according to Trace. Boeing was able to sell $3.5 billion of new debt in April, boosting the size of the transaction amid strong demand.Share DeclineThe shares fell 1% to $373.42 at the close in New York.Regulators around the world banned the Max from flying in March after the Ethiopia crash. A total of 346 people died in the two accidents.Boeing last week disclosed a $4.9 billion after-tax charge to cover potential consideration for Max customers forced to cancel thousands of flights or line up replacement aircraft. S&P Global Ratings said last week that the charge, which is $5.6 billion on a pretax basis, wouldn’t affect Boeing’s credit ratings. But S&P warned that more damaging effects to the company’s finances or a “substantial loss” in market share to the 737 could warrant a downgrade.Like S&P, Fitch rates Boeing as an A. Moody’s grades it at an equivalent level of A2.To contact the reporters on this story: Molly Smith in New York at msmith604@bloomberg.net;Julie Johnsson in Chicago at jjohnsson@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Buying Our First Stock
Mon, 22 Jul 2019 20:36:08 +0000
Eric and Danny Buy Disney and Square Inc. For Their First Stock Holdings.

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