Boeing (BA) Offering Possible 33.33% Return Over the Next 22 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 $360.00 long put offers a potential 33.33% return on risk over the next 22 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 $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $360.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 66.14 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

Boeing parks 737 Max jets at Moses Lake as storage space fills up
Wed, 26 Jun 2019 06:07:43 +0000
After running out of space at its Puget Sound region facilities, Boeing is now flying 737 Max jets to an airport in eastern Washington state, for storage until the grounding is lifted.

Boeing (BA) Dips More Than Broader Markets: What You Should Know
Tue, 25 Jun 2019 21:45:09 +0000
Boeing (BA) closed at $369.31 in the latest trading session, marking a -1.25% move from the prior day.

Mitsubishi buys Bombardier jet program in wake of opening Renton HQ
Tue, 25 Jun 2019 19:45:15 +0000
After opening a new headquarters in Renton in May and rebranding its MRJ as the new "The SpaceJet," Mitsubishi Aircraft makes a $550 million move to bolster Japan's first commercial jet, which is being flight tested in Washington.

Bombardier Caps Commercial-Jet Exit With CRJ Sale to Mitsubishi
Tue, 25 Jun 2019 17:45:37 +0000
(Bloomberg) — Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades.Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the first Japanese-built airliner since the 1960s, will also assume liabilities of about $200 million.The deal caps a multiyear overhaul for Bombardier, which until recently had ambitions to challenge Boeing Co. and Airbus SE with an all-new single-aisle jetliner. As the so-called C Series plane suffered from delays and cost overruns, Chief Executive Officer Alain Bellemare unloaded that program and a turboprop line after taking the helm in 2015 and refocused Bombardier on business jets and passenger trains.“It was very clear when I came in 2015 that commercial was kind of a drag on Bombardier,” Bellemare said in an interview. “We had a very strong business-aircraft franchise, and now that we’ve addressed all the pieces of the commercial side, it’s a good moment.”Bombardier rose 3.2% to C$2.26 at 1:35 p.m. in Toronto, the second-biggest gain on Canada’s benchmark S&P/TSX index. The announcement was made after the market close in Japan.SpaceJet DebutWith the transaction, Mitsubishi gains an experienced engineering corps and a global-sales and support organization to help market its nascent jet lineup as the unprofitable CRJ winds down over the next year and a half. Mitsubishi is rolling out a roomier regional-aircraft line dubbed the SpaceJet, and it highlighted a new, lighter 76-seat model at last week’s Paris Air Show.Mitsubishi has spent at least $2 billion developing its initial plane, originally known as the MRJ, which has battled delays and slow sales due to its heavy weight that violated restrictions in U.S. pilot union contracts. The company, which sees global demand for more than 5,000 regional jets over the next two decades, is seeking to snare sales away from Embraer SA, particularly for U.S airlines.Boeing has close ties to both planemakers. Mitsubishi, a longtime industrial partner, has hired several former executives of the U.S. manufacturer and opened a flight-testing center near a Boeing operation in Moses Lake, Washington.The U.S. aerospace giant is taking over Embraer’s commercial-jet division, including a plane with its own weight issues. Embraer’s upgraded E2 line has an aircraft with as many as 146 seats.‘Turnaround Journey’The Mitsubishi deal follows a move last year by Bombardier to hand control of its C Series jetliner program to Airbus, which renamed the plane the A220. Bombardier this year completed the sale of its Q400 turboprop program to De Havilland Aircraft of Canada Ltd.“It feels good to get this done four years into the turnaround journey,” Bellemare said.The Mitsubishi deal gives Bombardier “a fair price for a program that was winding down,” said Cam Doerksen, an analyst with National Bank Financial. “It was a good outcome for Bombardier.”After the deal closes, Montreal-based Bombardier will assemble CRJ planes at a factory in Mirabel, Quebec, working off the order backlog on behalf of Mitsubishi. Bombardier will also supply spare parts for the plane, which is expected to end production in the second half of next year, the companies said.Bombardier has 1,600 employees at the factory, said spokesman Olivier Marcil. Of those, three quarters will join Mitsubishi while the rest remain to carry out the current CRJ production run. “We don’t expect to cut any factory jobs in the short term,” Marcil said.Mitsubishi will assume Bombardier’s interest in a regional-jet securitization program, which is valued at about $180 million. Bombardier will retain liabilities representing part of credit and residual-value guarantees totaling approximately $400 million.\–With assistance from Julie Johnsson.To contact the reporters on this story: Richard Clough in New York at rclough9@bloomberg.net;Jack Pitcher in New York at jpitcher2@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

These Jobs Are, Like, So L.A.
Tue, 25 Jun 2019 15:00:06 +0000
(Bloomberg Opinion) — What do people do for a living in the New York-Newark-Jersey City metropolitan area? If you rank the sectors with the most jobs, it’s health care, retail, leisure and hospitality — which rank near the top almost everywhere. A more revealing way to sort things is by employment location quotient, which is provided by the Bureau of Labor Statistics as part of its Quarterly Census of Employment and Wages data and measures how much more prevalent an industry is in one area than in the nation as a whole. These are, in effect, the New Yorkiest industries:The list goes to 19 because when it went to 20 I got warning messages from Bloomberg’s in-house charting app that the graphic was too big. Which made me sad, because the next two “industries” in the ranking were the oh-so-New Yorky theater companies and art dealers. These are all what are known as four-, five- and six-digit industries under the North American Industry Classification System, meaning not broad sectors but narrow and sometimes very narrow ones. I weeded out overlap, so there should be no double-counting of jobs in the above numbers. Someone who really cared about about design and readability wouldn’t try to squeeze so much into one table, I know, but I was more interested in the gloriously true-to-cliché but also quite informative picture of the New York-area economy that such a long list provides.Related: Where Microbrewery Jobs Are OverflowingFinancial Jobs Aren’t Just in New YorkA Booming Local Health-Care Industry Isn’t Always a Good Thing The Internet Is Everywhere, But Internet Jobs Aren’tThere’s journalism, represented by the two parts that I’ve been working in since coming to New York in 1996 (news syndicates and periodical publishers), and its relatives in advertising and public relations. There’s high finance. There’s fashion. There’s books. There’s music (that’s the kind of record production they’re talking about). There’s performing arts. There’s fashion. There’s the diamond guys. There’s the newsstands. There’s the photo-equipment stores, or at least the photo-equipment wholesalers. And there’s … libraries and archives, for which the best explanation seems to be that the New York Public Library is a private nonprofit that gets funding from the city, meaning that its employees are almost certainly included in the by-industry data (which excludes government workers) while public library workers in most cities are not.Here’s the same exercise for the nation’s second-largest metropolitan area, Los Angeles-Long Beach-Anaheim. It delivers on the clichés as well, with agents — of course! — coming in first place.Just missing the cut here was “other aircraft parts and equipment,” a remnant of an industry that used to be a very big deal in the Los Angeles area but has been decimated since the early 1990s.(2) Overall the list is a mix of well-paid entertainment industry work and grittier, less-well-remunerated manufacturing and wholesaling jobs (although pay is pretty good in doll, toy and game manufacturing, thanks to the presence of industry leader Mattel Inc.’s headquarters in El Segundo). This preponderance of blue-collar industries won’t come as a surprise to people in the Los Angeles area — which is also home to the country’s two busiest ports, among other things — but it doesn’t exactly accord with the area’s global image. Oh, and the high location quotient for HMO (short for health management organization) medical centers is a California-wide thing: Kaiser Permanente, an Oakland-based nonprofit HMO(3) that runs its own network of hospitals, has a 50% share of the state’s health insurance market. Here are the top-location-quotient industries in the nation’s third-largest metropolitan area, Chicago-Naperville-Elgin:They still make a lot of stuff in and around Chicago! Manufacturing employment in the area is not what it used to be, with a 39% decline since 1990 compared with 27% nationwide, but it’s been mostly rising since 2010. There are also signs here of Chicago’s role as a mid-American economic hub: the commodities markets, the professional organizations, the credit bureaus. There’s not much sign of likely growth industries of the future, though — and to some extent, that’s true of all three of the biggest metro areas.One can make these lists for every U.S. metropolitan area, and even every county, using the BLS’s QCEW data viewer. The agency suppresses local industry data when it might reveal details about individual employers, so smaller areas will often deliver less accurate rankings. Still, it’s a wonderful way to explore the nation’s far-from-uniform economic geography, as I’ve been doing in my columns for the past few days. And I really should stop there, but as I was looking through a few other metro areas’ most distinctive industries, I came across this great top 10 for Seattle-Tacoma-Bellevue: One can find all the Seattle area’s iconic modern corporations reflected here: aircraft manufacturer Boeing Co. (which moved its corporate headquarters but not much else to Chicago in 2001), software giant Microsoft Corp., “electronic shopping and mail-order house” Amazon.com Inc., coffee juggernaut Starbucks Corp.(4)  But signs of the area’s past are apparent, too, in the form of fishing, seafood packaging, the port — and the by-now-totally-retro monorail. Local economic data can tell some very interesting stories.(1) Worse than decimated, actually. Employment in transportation equipment manufacturing in the Los Angeles area is down 65% since 1990.(2) The preferred term for what Kaiser does now seems to be integrated managed care consortium, but the acronym IMCC hasn't really caught on.(3) Starbucks headquarters employees do not appear to be included in the tally for coffee and tea manufacturing, but workers at its "flexible roasting plant" in the Seattle suburb of Kent probably are.To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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