New
Why Boeing Stock Is Soaring Today
Shares of Boeing (NYSE: BA) are moving higher Tuesday. The company's stock gained 4.1% as of 1:20 p.m. ET, but was up as much as 7.6% earlier in the day. The move upward comes as the S&P 500 and Nasdaq Composite gained 0.8% and 1.8%, respectively.
Boeing reported earnings Tuesday morning and despite a nearly $12 billion loss for 2024, shares were up.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks »
There's reason to hope
The embattled plane maker released its Q4 and fiscal year 2024 numbers, revealing its largest loss since 2020. Boeing lost $11.8 billion in 2024, including a painful $5.4 billion loss from its once-lucrative defense segment -- competitor RTX reported $7.7 billion in net income for the year.
So why is the stock up? Because this was far from unexpected. Boeing's woes have been highly covered, from major safety concerns to production issues to a labor strike. Wall Street knew the numbers would not look good, and this was already accounted for in the stock price.
Furthermore, there was a silver lining in the report. The company is ramping up production more smoothly than some feared. It has delivered 33 737 jets so far in January and will soon be hitting its cap of 38 per month, according to Boeing's CFO. The company's leadership also indicated the cap, imposed by U.S. regulators, would be removed later in the year and that the company would have the capacity to exceed it.
This was positive news that helped paint a better-than-expected picture of the near future for Boeing.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $307,065!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,532!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $524,132!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of January 27, 2025
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool recommends RTX. The Motley Fool has a disclosure policy.
