Boeing stock might be gearing up for an earnings rally this week, with a few fundamental and technical factors turning bullish.
When earnings season comes around, pockets of volatility can be exploited during financial releases as long as investors get the direction of the stock right during the release. Ideally, positionings will be made before the reports are out, using the right indicators and gauges to determine the probabilities of an up move versus a selloff.
Some of this backlog increase is due to the fact that China’s economy is coming back online, especially now that the nation is implementing more stimulus measures to rescue its faltering economy. A Boeing press release estimates that China’s air traffic is set to rise by 5.2% a year until 2030, a trend that Boeing is set to exploit.
In a recent attempt to tame the new strikes, Boeing has landed on a 35% wage hike proposition for their machinist workers, looking to get these issues over with and resume production so that new orders may be produced and delivered to raise the company’s outlook from Wall Street moving forward.Investors need to understand that when Wall Street analysts decide to rate a stock, a major factor typically comes into play: momentum, which results from sentiment for that company.
In a recent press release, Boeing management stated that they will cut out 10% of the entire workforce in the coming weeks, sort of"trimming the fat" from costs to give net profits more room to breathe. While these layoffs' effects are unclear yet, markets do have a good idea of what could happen by earnings day.
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