Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher says

div > div.group > p:first-child"> Its earnings report, out before the bell Wednesday, is the first since the company was forced to ground its 737 Max fleet in mid-March following two fatal plane crashes within six months. Its shares remain 16% below a record set on March 1.

"We invest in companies that have a good strong growth story that are reasonably priced, and Boeing definitely fits that criteria as a long-term play," Tepper said on CNBC's"Trading Nation" on Tuesday."This is a stock we want to hold. We love their business mix — over 20% is defense. They're in a dominant position. We don't think the airlines are going to switch to Airbus, so we'd be buyers on a pullback.

Free cash flow is expected to have fallen 52% year over year in its March-ended quarter, according to analysts surveyed by FactSet. Quarterly free cash flow for the three months to June is estimated to fall 96%.

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Boeing 737 Max crisis prompts calls for shakeup at companyIn the wake of the 737 Max crisis, two leading shareholder advisory firms are urging Boeing stock owners to shake up the company's management and board. interesting! That's not a 737 max haha. It literally says 777x on the nose. That’s a 777...
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