Boeing (BA) Offering Possible 36.99% Return Over the Next 27 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $345.00 short call and a strike $355.00 long call offers a potential 36.99% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $345.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock rose above the $355.00 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 60.86 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

French Economy Leans on Services as Manufacturing Shrinks
Fri, 21 Feb 2020 08:24:05 +0000
(Bloomberg) — France’s services sector drove economic growth this month, as factories grappled with issues including the coronavirus outbreak and the discontinuation of Boeing’s 737 Max airplane.While the Purchasing Managers Index from IHS Markit showed manufacturing back in contraction, services drove an unexpected pickup in overall momentum. The news gave the euro a modest lift, and it was up 0.1% to $1.08 as of 9:18 a.m. Paris time.The data highlight the euro zone’s split economy. European Central Bank Vice President Luis de Guindos said on Thursday that the strong labor market is bolstering domestic consumption and fending off global weakness. The worry is how long that can last.France’s composite PMI climbed to 51.9, beating economists forecasts. A gauge for manufacturing slipped below 50, signaling a contraction for the first time since the middle of last year.Industrial orders were hit particularly hard by a drop in international demand. A pause in Boeing’s production of its single-aisle jet following two fatal crashes has come as a shock to French suppliers.In addition, the coronavirus outbreak in China has forced many businesses to shutter their operations in the country.The impact of the virus is hitting hardest in Asia. Reports Friday showed manufacturing in Australia and Japan fell while early export orders for South Korea showed a slump in Chinese demand. In China itself, car sales sank 92% in the first half of February.The French PMI report showed companies are still optimistic over the next 12 months, supported by plans for new product launches expectations for a demand pickup.Markit will publish PMIs for Germany and the euro area later this morning, with both forecast to show a slight deterioration in February.(Updates with euro, Asian surveys starting in second paragraph)To contact the reporter on this story: Carolynn Look in Frankfurt at clook4@bloomberg.netTo contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.netFor 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.

This Week’s Manufacturing Numbers Look Strong. Don’t Get Too Optimistic.
Thu, 20 Feb 2020 23:13:00 +0000
Two manufacturing reports this week could leave an investor with the impression that the coronavirus, Boeing and trade war-related storms have passed for the beleaguered industrial sector. They haven’t.

GE Might Want to Sell More Jet Engines to Airbus. That’s Part of Aerospace Competition.
Thu, 20 Feb 2020 22:23:00 +0000
Amid Boeing's 737 MAX crisis, investors are learning that commercial aerospace is a pretty good business.

EMERGING MARKETS-Latam FX slammed by strong dollar, Brazil's real hits new low
Thu, 20 Feb 2020 20:37:47 +0000
* Brazil posts lowest monthly February inflation since 1994 * Coronavirus buoys safe-have demand for U.S. dollar * Argentine bonds fall after IMF nod for restructuring (Updates prices, adds comment) By Sruthi Shankar and Shreyashi Sanyal Feb 20 (Reuters) – Latin American currencies took a beating on Thursday, as investors feared a bigger hit to global growth from the coronavirus outbreak after cases outside of China rose. The Brazil's real hit a new low amid improving safe-haven appeal for the dollar as data pointed to strength in the U.S. economy, while the Mexican and the Chilean pesos fell more than 1.3%. The dollar was perched at a 10-month high against the Japanese yen after rising nearly 2% since Tuesday, while also upping pressure on Latin American currencies.

Philly Fed manufacturing index jumps to highest level in three years in February
Thu, 20 Feb 2020 14:43:00 +0000
The Philadelphia Fed manufacturing index in February jumped to 36.7 after registering 17 in the prior month.

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