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Boeing Stock Struggles Amid Ongoing 737 MAX and 787 Issues, But Some See Uptick Ahead

  • Boeing stock had a miserable September, down 18% for the month
  • The stock continued falling in early October amid broad market declines
  • Boeing faces ongoing challenges with its 737 MAX and 787 Dreamliner planes
  • However, some analysts still see upside for the stock as issues get resolved
  • Boeing has a large backlog and stands to benefit as travel demand rebounds
barrons.com
Relevant topic timeline:
Boeing stock falls due to quality concerns with supplier Spirit AeroSystems, which could impact deliveries of 737 models.
Disney stock is falling, on track for its lowest close since 2014, while Boeing is also dragging down the Dow.
Boeing stock declines for a second day after a quality issue in the supply chain for the 737 MAX jet, but Wall Street remains optimistic.
Ambarella stock is dropping due to weak demand and customer inventory reductions, according to the chip maker's disappointing guidance.
September historically has been the worst performing month for the U.S. stock market, and with the recent decline in August, investors should prepare for further volatility and potentially disappointing results in September.
Stocks have historically performed poorly in September, with an average loss of 1.12%, but investors should not base their decisions solely on this statistical trend and should focus on buying fundamentally strong companies at reasonable prices.
Boeing's stock closed at $223.40, with a decline of 0.28% from the previous day, as analysts await its upcoming earnings report. The company is projected to report a year-over-year growth of 94.82%, with estimated quarterly revenue of $20.09 billion. However, recent changes in analyst estimates suggest that short-term business trends are evolving.
Stocks on Wall Street are expected to decline as concerns about inflation raise doubts about the Federal Reserve's decision to cut interest rates, while worries about crumbling demand and falling German industrial orders add to the uncertainty.
Stock indexes decline as concerns about future rate hikes and sluggish market performance in September weigh on investor sentiment, with the tech-heavy Nasdaq Composite falling for the third consecutive day and the Dow Jones Industrial Average and S&P 500 on a two-day losing streak.
Tesla stock experienced a decline, potentially due to market conditions or factors related to Munich.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.
U.S. stock benchmarks remained down in September as investors digested the latest inflation report, which showed a rise in consumer prices and a decline in real average hourly earnings, impacting consumer spending power and raising concerns about inflationary pressures.
Stocks fell last week, experiencing the worst week since March, highlighting the typical volatility of the stock market, but emphasizing the importance of staying invested for the long term as time in the market beats timing the market.
Stock futures decline as Wall Street prepares for the last week of September amidst a drop in the S&P 500 and Nasdaq Composite.
In September, the stock market had a poor performance, which is typical for this month.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
The stock of a major US carrier declined despite better-than-expected earnings due to factors including a strong demand outlook and steady fuel costs.