Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 15, 2019

Article Excerpt

BOEING CO., $378.99, New York symbol BA, is a leading maker of airliners, military aircraft and satellites. The stock fell 10% this week after Canada, the U.S., the U.K., the EU, China and several other countries grounded (or banned from their airspace) the company’s 737 Max airliners following a crash in Ethiopia. That’s in addition to a similar crash five months ago in Indonesia. Boeing launched the original 737 in 1967, and has updated that model since then. It started selling the current series of 737 Max planes, including the Max 8, in May 2017. To date, it has delivered 376 of its 737 Max planes. As well, Boeing has orders for an additional 4,668 of those 737s. That represents a high 80% of its total backlog of 5,826 planes. Boeing and the U.S. Federal Aviation Administration are now testing the 737 to see how it would respond in conditions similar to the two crashes. The company is also preparing to upgrade the software…