Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 12, 2024

Article Excerpt

BOEING CO., $218.71, New York symbol BA, is still a hold. The aircraft maker’s shares fell 4% this week after a fuselage panel came loose on one of its 737 Max-9 planes. That forced the aircraft, operated by Alaskan Airlines, to make an emergency landing. As a result, the U.S. Federal Aviation Administration (FAA) has grounded those planes. In the U.S., only two airlines fly the 737 Max-9: Alaska Airlines with 64, and United Airlines has 79. FAA regulations require planes that carry 200 or more passengers, including the more popular 737 Max-8 model, to have additional emergency exits. The 737 Max-9 carries just 180 passengers, so Boeing replaced its extra emergency doors with permanent panels—each panel is held in place with four bolts. In the Alaskan Airlines incident, it appears one of those bolts failed, which caused the panel to blow off in mid-flight. It’s unclear if this is design flaw with the panels, poor maintenance or defective bolts. Even so, the stock will…