"It's hard to believe, but shares of BA are still down close to 52% from 2019 highs. And while the company has gone through more than its fair share of turbulence, it remains just one of two global players. As plane demand comes online again, Boeing will naturally benefit, even with its painful past. With Boeing stock recently correcting off its 52-week highs, perhaps there is an opportunity to snag shares of Boeing before some potentially timely catalysts have a chance to really come into effect."
"Jim Cramer argues that recent delivery and order numbers are remarkable, and the stock could have what it takes to march even higher. I don't always agree with Jim, but I think he's absolutely right to be more upbeat on Boeing. Indeed, it's easy to lose one's patience with a name that's underperformed in the past five years. However, early signs do seem to suggest the winds are turning in favor of the $162 billion plane maker."
Shares of Boeing remain about 52% below 2019 highs despite the company being one of only two global commercial-aircraft suppliers. Aircraft demand is returning and recent order and delivery activity has increased, including new orders from Uzbekistan Airways. The stock recently pulled back from 52-week highs, offering a potential buying opportunity ahead of anticipated catalysts. A leadership change to CEO Kelly Ortberg aims to improve execution and delivery performance. Early signs of order momentum and improving operational footing could support a recovery in Boeing's market position and stock valuation.
Read at 24/7 Wall St.
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