Does Boeing’s Q1 Earnings Beat Offer A Buy-The-Dip Opportunity While Investors Stay Bearish?
Boeing Co (NYSE:BA) is currently a mixed bag. The Arlington County, Virginia-based company reported better-than-feared quarterly results and noted stabilization in its 737 Max supply chain, despite outrage and potential lawsuits over two tragic crashes.
Outgoing CEO Dave Calhoun continues to tout safety and quality initiatives, with the goal of providing some assurance towards Boeing’s commitment to long-term viability. Still, its stock price remains below its five, 20, and 50-day moving averages, indicating prevailing bearish sentiment among investors.
Risk-takers may consider this a buy-the-dip moment with a long-term horizon.
Also Read: Boeing Investors Favor ‘Clear Favorite Candidate’ For CEO As Market Challenges Persist
Earnings
Boeing’s stock was up 3.3% at market open on Wednesday, April 24, on the heels of a first-quarter (Q1) earnings beat.
Over the past year, however, the stock is down over 18%, -35% year-to-date.
The higher-than-expected Q1 financial results recorded a 31.52% surprise on the EPS …
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