Boeing Co (NYSE:BA) saw its shares climb by 3.14% to $207.86 during Thursday’s trading session. This uptick followed the company’s presentation at the Bernstein Strategic Decisions Conference, where Boeing outlined its ambitious plans to ramp up production of the 737 Max to 47 units per month by the end of the year.
Additionally, per Bloomberg, the company reported a significant reduction in quality defects, down by approximately 30%, which likely contributed to investor optimism.
What Happened: Boeing’s announcement comes amid efforts to recover from past production challenges and enhance its market position. The company is also poised to resume airplane deliveries to China in June, a significant development given the previous halt due to trade tensions. This resumption is expected to bolster Boeing’s international sales and strengthen its global footprint.
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The strategic move to increase production is part of Boeing’s broader plan to meet growing demand and improve operational efficiency. The reduction in quality defects is a critical factor in achieving these goals, as it enhances the reliability and safety of their aircraft.
Boeing’s leadership expressed confidence in these initiatives, emphasizing their commitment to addressing past issues and delivering on future promises.
Why It Matters: The decision to boost production and resume deliveries to China is pivotal for Boeing’s recovery and growth trajectory. The 737 Max is a crucial component of Boeing’s commercial aircraft lineup, and increasing its production rate signifies a positive shift in the company’s operational capabilities.
Furthermore, reestablishing ties with China, one of the largest aviation markets, could significantly impact Boeing’s revenue streams and competitive standing. According to CNBC, these moves are part of Boeing’s strategy to navigate the complex geopolitical landscape and reinforce its position as a leading aerospace manufacturer.
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How To Buy BA Stock
By now you're likely curious about how to participate in the market for Boeing – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Boeing, which is trading at $208.54 as of publishing time, $100 would buy you 0.48 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, BA has a 52-week high of $212.28 and a 52-week low of $128.88.
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