Boeing beats the rest of the Dow
On Financial Tides I always try to find the stocks that are having positive price momentum. For the last month Boeing (BA) has had a 17.07% price increase, the best of any Dow component. The Boeing Company is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications.
During the last 20 trading sessions BA has had a price appreciation on 11 days and has been 4 for 5 this week. Barcharts's technical indicators have 12 of 13 buy signals with just one hold for a 96% weighted buy rating.
Analysts are high on the stock with 10 buy recommendations and 11 holds. Although this may be a loss year in sales, increases in earning are expected to show a 117.1% improvement. Next year sales are expected to increase by 4.6% coupled with a 7.4% increase in earnings per share. Wall Street is expecting a 5 year compounded growth of EPS of 8.5%.
Investor sentiment as measured on Motley Fool is very positive. The CAPS members feel the stock will out perform the market by a vote of 3438 to 363 with the All Stars in agreement 887 to 55. The Fool Wall Street journalists are positive also 25 to 3.
Please do your own due diligence to see if BA belongs in your portfolio. It has a positive price momentum, Wall Street buy recommendations and a very broad and positive investor following.
Boeing (BA) trades around 70 with a 50 day moving average of 61.75.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email JimVanMeerten@gmail.com
Disclosure: no positions in BA at the time of publication