Boeing (BA) (Aerospace)$175 – Hold for now, signs of improvement suggest buying on declines but do expect some near-term volatility in the stock prices.
Despite challenges, Boeing is showing signs of improvement in order inflow and production rates for the Boeing 737 MAX, shaping up for a promising balance of the year.
The problems on the Starliner – space exploration was very expensive, painful and a huge burden, which is still continuing. Boeing’s space adventure might be close to over regarding transportation of payloads and crews into space.
Kelly Ortberg, like any CEO, has to prove himself worthy of the CEO position of The Boeing Company. It would be unrealistic to expect that with Ortberg now in the CEO role, things will change overnight.
However, I do believe without focusing on the financials and granted that the FAA and Boeing remain focused on safety and quality, the airplane orders and deliveries will tell a story about how Boeing is progressing on its core principles. The orders tell a story about confidence in Boeing, while deliveries tell a story about the ability of Boeing to increase production at the quality standard that is required and desired.
