BA
🇨🇳 Concerns arose that China might halt Boeing aircraft purchases, causing stock price weakness.
✈️ Airbus (a competitor) cannot meet the production speed required by Chinese airlines alone, creating a potential continued need for Boeing aircraft.
⏳ The Chinese competitor, Comac, is estimated to be 7-10 years away from being a viable alternative, suggesting the current situation between the US, China, and Boeing will likely need resolution sooner.
@bernardodegarcia:
“My father today was saying, ‘Wow Bernardo, did you know this? China is not going to buy any more Boeing planes. The shares are falling, right?’ Yes, Dad. ‘Is it a good time to buy, man?’ Yes, Dad. Because what’s going to happen sooner or later? What’s going to happen? One, the United States will have to reach an agreement with China, and vice versa. Two, Airbus cannot produce planes at the speed Chinese airlines need. Three, Comac, which is the Chinese solution to Airbus/Boeing, is maybe 7-10 years away. So this will have to be resolved sooner or later. But well, I wish it had fallen more. Honestly, the drop in Boeing today left me a bit short. I thought it would fall with much more force.”
Watch the exact part of the video where @bernardodegarcia talks about Boeing here:
Watch the video on YouTube
Read more articles analyzing Boeing (BA) at the provided link. BA stock.
