Boeing looks like a 'survivor' among beat-up aerospace and air travel stocks, portfolio manager says

The aerospace company is set to report earnings before the bell in one of the most closely watched releases of the industrial stocks.

Analysts anticipate a second-quarter loss of $2.57 a share, narrower than the $5.82 loss a year earlier when the company was grappling with itsWhile still dealing with 737 Max issues, Boeing now must contend with a slowdown in the global economy and a sharp drop in air travel demand tied to the"The air travel industry is having some issues," Steve Chiavarone, portfolio manager at Federated Hermes, told CNBC's" on Tuesday.

"We're stuck between gap resistance up around $250, and then sort of minor support which is holding which is constructive at $170. So it's kind of in no man's land here," Gordon said during the same segment.

TradingNation It will have to merge under a really heavy pressure. It likely loses the majority in Asian market. CH has its own jumbos for domestic or regional flights.

TradingNation $BA 220 on deck this week

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Travel stocks weigh on Europe after UK quarantine move on SpainEuropean shares fell on Monday as travel stocks slumped in early deals after Britain imposed a quarantine on travellers returning from Spain because of a surge of coronavirus cases.
Source: Reuters - 🏆 2. / 97 Read more »

Second wave fears in Europe roil travel stocksThe sixteen top travel and leisure stocks in Europe fell more than 3% in the first hour of trading, with Tui, easyJet and International Airlines Group all down by around 10%. 'fears ... roil' It’s just one big tsunami.
Source: CNBC - 🏆 12. / 72 Read more »