Here’s why this technical analyst is bullish on Boeing.
Transcript:
BOB LANG: Well, there are some stocks that stand out to me right now. And I’ll tell you what, one of these names is Boeing. And I know Boeing has been a controversial name for the past 6 or 7 years. They had the horrible plane crashes that happened within about four months of each other, and they’re still trying to settle that one out. But I think with new leadership here, Kelly Ortberg is doing a fantastic job. They come out with some new contracts with the us government recently, some new plane orders with some new with some other airlines.
I think the, the, the skies are starting to clear for Boeing. And I think that this is a stock that you really have to pay attention to. Their backlog is huge with orders. They’re starting to make money again. They had a horrible quarter that they reported in January of 2025. I’m going to call that the kitchen sink quarter, where they just threw everything but the kitchen sink in and wiped everything, all the bad stuff away from their from their books. And I think Boeing is a name that you really have to pay attention to. Look, it’s way, way, way off its all time highs, which was in the $430 level and at at $175, $180 bucks. I think it represents a good value for investors.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#boeing #boeing737 #investing
source
