The aerospace giant Boeing (BA) will report earnings before the market opens Wednesday July 25th, so we called in Senior Editor John Pickering to help us out.
Analysts are expecting earnings per share to come in around $3.25, per FactSet, with revenue up 5.5% to $23.98 billion.
Pickering walked us through the tariff concerns and noted that the company recently announced commercial sales of over $98 billion after the Farnborough Airshow in the U.K.
Plus with Airbus (EADSY) being its only competition, Boeing basically has a monopoly, he said
The stock is up around 21% year-to-date and almost 70% over the last year making it one of the best performing stock in the Dow Jones Industrial Average.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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