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🇨🇳 Boeing faces potential headwinds as China reportedly considers halting aircraft purchases, causing some stock pressure.
✈️ Despite challenges, Boeing remains one of only two major global aircraft manufacturers, with a Chinese competitor still years away from full operation.
🤔 The speaker maintains that Boeing stock remains interesting even at $160, referencing a previous deep dive and suggesting resilience.
@bernardodegarcia:
“Among the companies reporting earnings are giants like the aerospace company Boeing. We had news last week that China might stop buying planes from them. The stock fell, but not enough to say, ‘Wow, it’s super interesting.’ Remember, Boeing is only one of the two companies that make these kinds of airplanes. It’s true there’s also a Chinese company, but it still needs a couple of years to be fully online, at least in my opinion. I remember doing a deep, deep dive on Boeing last year, and I still think it remains very interesting, even at these $160 levels. Obviously, if it had fallen drastically negative, like perhaps during that drop, but ultimately it didn’t go anywhere significant then.”
Watch the exact part of the video where @bernardodegarcia talks about Boeing here:
Watch the video on YouTube
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