The Boeing Company BA

BA delivering more 787’s but not one peep from the media! One 787 delivery is similar to delivering five 737’s people! Next earnings report is next month and will show a huge bump in revenue!

TSA passes 2019 levels yet media’s not talking about the fact they did it with less flights and fewer pilots! TSA isn’t a measure of airline pricing which demonstrates the DEMAND for travel is higher than ever!

Just an old Greek, BA already reported ramping production to 31 per month. They also have 300+ planes in inventory so delivering those while ramping production says a lot about demand!
BA needs to take a stand with China after the deal they made with Airbus. If Calhoun had any balls he’d tell them the inventory of 130 planes on hold for China will go to India or whoever else wants them. There shouldn’t be any assembly line excuses when BA has 300+ planes sitting in inventory!

Boeing can’t deliver enough planes to move higher and are having supply chain issues!

BA is being held hostage by the US, China and the Fed. US not willing to approve of 737 max 10, China won’t recertify 737 max and s&p still trading at a high forward multiple.

Unfortunately, there’s no catalyst until

1. Inflation trends meaningfully lower
2. Job market slows
3. Democrats get slaughtered in midterms

the reason for today’s negative market action is the US requiring NVIDIA to obtain a license to sell certain high end chips to China. Essentially forming another barrier on the trade war. Some chip stocks are now trading below the June low. This is negative for BA since it adds more political pressure…..delaying if not removing hopes for China recertification anytime soon

Btw this administration sucks

2 days ago this literally spiked back to $169. Sentiment can change on a dime….if S&P holds 3900 and job report comes in soft tomorrow BA could snap right back. If not, we’re looking at a June low retest. 787 Deliveries are happening now so BA investors shouldn’t panic!

We were warned by Morgan Stanley Mike Wilson, you haven’t seen the worse yet!

Boeing down $777!!