Let's plot a strategy for BA stock.
BA basically told us they can't provide much guidance in terms of expectations for earnings.
Investors should recognize the ripple effect a company like Boeing can bring.
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Consider setting up buy/write combinations on stocks with good prospects and generous option premiums.
Overall, analysts are optimistic that turnaround timelines will be able to remain on track.
A low-risk strategy would be to buy Boeing here with the understanding that the trade will be closed if the stock breaks below the 200-day moving average.
At least those among you who still choose to take a flyer on Boeing will do so better informed.
China, home to 22% of the 737 Max planes in operation so far, was the first nation to ground the plane.
Boeing's big demand driver is stinging the stocks of its biggest customers.