Don’t Go Bargain Hunting on Boeing Stock Quite Yet, Says 5-Star Analyst

Boeing (BA) is once again in the headlines. A congressional report released on Wednesday has blamed BA along with the FAA (Federal Aviation Administration) for the design flaws behind the two fatal crashes of Boeing’s grounded jetliner, the 737 Max.The scathing verdict is the latest addition to Boeing’s 2020 woes. Following the pandemic’s onset, Boeing appeared on the verge of bankruptcy, only to pull back from the edge. The decimation of the airline industry, however, has seen cancelations on the deliveries of its commercial aircrafts. Add in a predictable yet still woeful Q2 earnings, and reports of 787 Dreamliner manufacturing …read more

Source:: Yahoo Finance