Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 21, 2024

Article Excerpt

BOEING CO., $176.56, New York symbol BA, is still a hold. The company delivered 131 commercial jetliners in the five months ended May 31, 2024, down from 206 a year earlier. That drop is mainly due to quality control problems with its 737 Max planes. In January 2024, a fuselage panel came loose on one of those planes. That forced the aircraft, operated by Alaskan Airlines, to make an emergency landing. As a result, regulators ordered Boeing to slow 737 production. The company now plans to buy Spirit AeroSystems Holdings Inc. (New York symbol SPR), which builds the fuselages for the Boeing 737 Max jets. That would give Boeing more control over the quality of the parts it receives from this key supplier. However, buying this firm will cost roughly $4 billion. That’s equal to 4% of its $108.4 billion market cap (the total value of all outstanding shares). Boeing is also dealing with quality problems with its 787 Dreamliner planes. Specifically, it’s possible that…