Boeing (BA) Offering Possible 29.87% Return Over the Next 23 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $195.00 short call and a strike $205.00 long call offers a potential 29.87% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $195.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $7.70 would be incurred if the stock rose above the $205.00 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 59.91 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Boeing

Beyond Meat, Boeing, Apple – 5 Things You Must Know Tuesday
Tue, 23 Jun 2020 09:42:00 +0000
President Trump says U.S.-China trade pact 'fully intact'; Boeing asks Spirit Aerosystems again to slash 737 MAX output; Starbucks chooses Beyond Meat rival for U.S. breakfast sandwich.

Europe Targets U.S. Coal, Farms in Election-Year Trade Staredown
Tue, 23 Jun 2020 04:01:00 +0000
(Bloomberg) — Transatlantic relations could reach a new low next month as the European Union readies tariffs on billions of dollars of American exports aimed at politically important industries for President Donald Trump and his Republican allies in Congress.The EU has asked the World Trade Organization to give it the green light to place levies on $11.2 billion of U.S. products over a long-running aircraft subsidies dispute. A ruling is expected as soon as July and the EU is planning to target coal producers, farmers and fisheries, in addition to the makers of aircrafts and parts.The potential flashpoint comes at a sensitive time, with companies struggling under historic virus-induced recessions and as the November presidential election draws sensitive industries, especially in the American heartland, into ongoing trade conflicts. Missouri, home to Republican Senators Roy Blunt and Josh Hawley, could be a focus of EU tariffs on coal as well as House GOP leader Kevin McCarthy’s California district that produces fruits and nuts.While the EU has asked for a multibillion-dollar award in the case, in which the U.S. was found to have given illegal subsidies to Chicago-based Boeing Co., Washington has said it expects the WTO to issue a much narrower ruling, with only about $300 million at stake.Auto DisputeThe sheer number of pending disagreements between the EU and the U.S. means that a dispute could escalate quickly into a trade war. Earlier this month, Trump renewed a threat to hit European cars with levies, a move that would draw immediate retaliation from the bloc, and has prepared to hit countries including France, Spain and Italy with tariffs if they institute a tax on international technology companies.The Boeing case comes less than a year after the WTO delivered the U.S. a record $7.5 billion retaliation award in response to the EU’s illegal subsidies to Airbus SE. The U.S. has since levied 15% duties on Airbus aircraft and 25% tariffs on a range of European consumer exports, such as Scotch and French wine.A large ruling in the Boeing case would allow the EU to retaliate over the Airbus tariffs and would also give the bloc more leverage in negotiating a settlement to the dispute. It would also allow the EU to capitalize on the delicate political situation in the U.S. as Trump’s re-election campaign goes into full swing.Targeting the $2.7 billion in coal exports to the EU would hit at the base of Trump’s support and would add another headache for the struggling industry. Electricity consumption has fallen after factories, offices and schools closed amid the coronavirus pandemic, dragging down demand for coal.“The ongoing implementation of tariffs and trade disputes appear to be contributing factors in the slowing of global economic growth, particularly in Europe and China,” St. Louis-based Arch Resources Inc.’s management wrote in its annual report in February.Maximum HarmThe proposed tariffs could also target about $700 million worth of U.S. seafood exports to the EU, which would impact Louisiana fishermen represented by Republican House Minority Whip Steve Scalise.“The timing of this transatlantic punch and counter punch seems intentionally calculated to do maximum harm to the seafood industry,” Bob DeHaan, vice president for government affairs at the National Fisheries Institute, said during a U.S. Trade Representative hearing last year on the aircraft dispute. He asked “why at this precarious time for the seafood trade, it is necessary to drag these companies and their American employees into a completely unrelated dispute the administration is waging on behalf of” the aircraft industry.Using tariffs to exert political pressure on Trump isn’t new to the EU. In 2018, the bloc retaliated over steel and aluminum duties imposed by the U.S. by targeting iconic American products with duties, including motorcycles and jeans as well as bourbon whiskey, which is produced in Republican Senate Majority Leader Mitch McConnell’s home state of Kentucky.While it’s still possible that the EU and U.S. reach a negotiated settlement that avoids a tit-for-tat tariff escalation, that prospect looks increasingly remote.“The U.S. has stepped back from the settlement talks in recent weeks,” the EU’s chief trade negotiator, Phil Hogan, said on June 9. “Positions are therefore still quite far apart,” and if that remains the case, the EU will have “little choice but to exercise its retaliation rights and impose our own sanctions.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Spirit AeroSystems asks lenders for relief after deeper Boeing 737 production cut
Mon, 22 Jun 2020 21:34:13 +0000
Shares in Wichita-based Spirit, which builds the fuselage, thrust reversers, engine pylons and wing components for the 737 MAX, fell about 4% in after-hours trading. Boeing has asked the aero parts maker to substantially reduce 737 production this year, and Spirit warned that further suspensions or cuts may have a “material adverse” effect on its financial condition. The company said it now expects to deliver only 72 shipsets – or complete sets of parts – to Boeing, compared with 125 planned earlier.

Spirit Aero says Boeing has asked it to further cut 737 production
Mon, 22 Jun 2020 21:27:35 +0000

DHL Prepares Three 767 Passenger Planes For Freight Operations
Mon, 22 Jun 2020 20:40:06 +0000
German express carrier DHL has contracted with Israel Aerospace Industries (IAI) to convert three Boeing 767-300 passenger planes to all-cargo configuration.The contract, which IAI stated is valued in the "tens of millions of dollars," also includes an option for DHL to have IAI convert a fourth 767-300 to freighter service.IAI spun off its commercial aviation group in 2019, although the Tel Aviv-based company has been converting Boeing passenger planes to freighters for years."The constant increase in the e-commerce market and the effects of the COVID-19 pandemic have emphasized the importance of cargo aircraft," said Yossi Melamed, IAI Aviation Group's general manager, in a statement.DHL, part of German logistics conglomerate DEUTSCHE POST A/S ADR (OTCMKTS: DPSGY), has continued to expand its freighter fleet in recent years. The company operates more than 260 aircraft with 17 partner airlines on more than 3,000 daily flights.In February, DHL received the first of six new Boeing 777-200 freighters scheduled for delivery this year. The company ordered 14 777Fs in 2018, with four delivered last year and another four coming in 2021.In early April, the U.S. Federal Aviation Administration and Civil Aviation Authority of Israel certified IAI's design for converting the Boeing B737-800 aircraft from passenger to cargo configuration. The company recently delivered the first two of these converted aircraft.Earlier this month, IAI signed a contract with GE Capital Aviation Services (GECAS) to perform the first-time conversion of a Boeing 777-300 from passenger to cargo service, including applying to obtain the necessary certificates of airworthiness from aviation authorities.(Click for more American Shipper/FreightWaves articles by Chris Gillis.)See more from Benzinga * Scarface Of The High Seas (With Video) * Rail Groups Gear Up For Infrastructure Bill Fight * Railroads Aggressively Streamline Costs In 2Q – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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