BOEING (#BOEING) Weekly Special Report based On 1.00 Lot Calculation:
AEROSPACE & DEFENSE MARKET INDUSTRY
- GLOBAL AEROSPACE AND DEFENSE MARKET SIZE: According to Price Waterhouse Cooper (PwC), the Aerospace and Defense industry is currently worth around $740.5b as of the end of 2022, growing from $717.98B in 2021.
- THE MARKET: GROWTH IN AEROSPACE AND DEFENSE EXPECTED TO CONTINUE: According to analysts, the market is forecasted to grow to $961.21B by 2026, representing a compounded annual growth rate of 5.3%.
BOEING:
- THE COMPANY: The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. The company is one of two manufacturers of 100+ seat airplanes, with Airbus being the other.
- MARKET SHARE: Boeing is the 2nd largest company in the sector with ~9% of the market share. The biggest aerospace & Defense company is Raytheon Technologies (9.06%), followed by Boeing (9.00%) and Lockheed Martin (8.91%) respectively.
EVENTS AND ANALYSIS
- CHINA WELCOMES BOEING IN ORDER TO DEEPEN DEVELOPMENT IN ITS MARKETS, WITH CHINESE AIRLINES REPORTEDLY TO BUY MORE 737 MAX JETS AFTER 4 YEARS: According to reports, the Chinese government has invited Boeing to deepen its development in China, while also suggesting Chinese airlines could order a fresh batch of the 737-Max plane in the near future. The news would be positive for Boeing, and facilitate revenue growth for the company. OEING SIGNS DEAL FOR $5.9 BILLION CONTRACT TO SELL 16 P-8 POSEIDON SURVEILLENCE AIRCRAFT: Boeing has made an agreement with the Canadian Government over the sale of 16 surveillance aircraft, which are set to expand Boeing’s revenue base and continue the improvement of its defense segment.
- DUBAI FLAGSHIP CARRIER EMIRATES PLACES ORDER FOR 95 BOEING COMMERCIAL PLANES, VALUED AT $52B DOLLARS: The United Arab Emirates flagship airliner placed an order for 95 Boeing planes, all from the 777 Series in a blockbuster deal worth $52B. The deal comes on the back of a successful showing of Boeing at the 2023 Dubai airshow.
- BOEING HAS HISTORICALLY DELIVERED THE MOST PLANES IN Q4, COULD BE A CATALYST FOR THE COMPANY: According to Boeing’s delivery data, the fourth quarter has been the best quarter in terms of plane deliveries, based on the last four years of data. The seasonal effect could be a catalyst for positive stock perception, as the company looks to bring production back to pre-pandemic levels.
- STOCK PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 75% FROM IT'S ALL TIME HIGH OF $445.61. The stock has fallen to its lowest rate since May, 2020, to $111.84. Boeing was last trading around $250.00, and If a full recovery follows recent all- time highs, the stock could see an upside of around ~78%. However, the price could decline further.
- ANALYST OPINION: Jeffries target is at $275 on the stock. Citi Group at $271, while Deutsche Bank is targeting $270 a share.
Boeing, December 12, 2023
Current Price:250.00
|
Boeing |
Weekly |
|
Trend direction |
|
|
310.00 |
|
|
300.00 |
|
|
270.00 |
|
|
230.00 |
|
|
210.00 |
|
|
200.00 |
|
Boeing |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
60,000.00 |
50,000.00 |
20,000.00 |
-20,000.00 |
-40,000.00 |
-50,000.00 |
|
Profit or loss in €2 |
55,524.97 |
46,270.80 |
18,508.32 |
-18,508.32 |
-37,016.64 |
-46,270.80 |
|
Profit or loss in £2 |
47,702.72 |
39,752.26 |
15,900.91 |
-15,900.91 |
-31,801.81 |
-39,752.26 |
|
Profit or loss in C$2 |
81,399.30 |
67,832.75 |
27,133.10 |
-27,133.10 |
-54,266.20 |
-67,832.75 |
1 1.00 lot is equivalent of 1000 units
2 Calculations for exchange rate used as of 11:00 (GMT) 12/12/2023
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