Boeing

Boeing $BA (-1.36%) has Bill McNabbthe former CEO of Vanguard, as a new member of its Board of Directors. McNabb will join the Audit and Governance and Public Policy committees. This decision reflects Boeing's efforts to strengthen the company with experienced leadership in areas such as corporate governance and strategic management. McNabb brings extensive expertise in asset management and ESG initiatives that are of growing importance to Boeing.

Personal opinion:

The appointment is a small ray of hope in Boeing's current rather poor phase, as his expertise and experience could bring some benefits.

Source:

https://finance.yahoo.com/news/boeing-names-ex-vanguard-ceo-172601581.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHWk2OfAstBqWLt1V-pw84Cw0TGkE6NqGEHeP7fsYV00E0c6rwYLtvKhudxB0S5hUjZjlRA3HwebR1OtnZ8KoFQdtA61s3d3nIgGMPlUH3ZhhPyZ9RQdnCqPD3LQAwZ_VKEJPts4KfqZ7IgL6sNePPncrPZq8b326engMTLFbBVK#

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy.

Hello :)

I can't say yet if there will be a comeback here - but now I have some time to briefly introduce a trade I'm in or in which I'm increasingly going into should I get more bullish signals.

Currently I am still holding a $TSLA (+0.05%) long from May $INTC (+2.41%) from September (even if we are still a bit away from my entry here). $NTR (+2.11%) Long from July (it should move!) and since October a $BA (-1.36%) long - which I am now presenting!

Why is that $BA (-1.36%) ? Well, a colleague at work has told me several times how bad the company is doing and that (to exaggerate) he expects it to go bankrupt next year. So I thought I'd take a look at the chart and lo and behold I found it quite attractive for a long ;).

As you know, I don't pay much attention to fundamental news, so I'm not interested in the bad news. With a few exceptions, everything is priced in before we hear about it and then I can see it in the chart anyway.

Briefly on the basic situation:

Corona crashed to 88$ then a nice rebound to 280$. That would give us our range for the last 3-4 years. Even due to Corona and the latest NASA news etc., we have never broken our breakout zone from the all-time high. We never broke our breakout zone from the all-time high. This means that we have always remained bullish in the monthly structure and higher.

What is my basic target for this trade? Breakout zone from Pre Corona. So 300-400$.

Why now ?

We are basically at the lower end of the range. That means basically in the discount zone. - Anyone who knows me knows that I only take trades from a discount zone - in other words, I always trade anti-cyclically and on trend changes after a clear confirmation. In other words, I don't buy into a bearish candle at random, but after we have already seen a structural change in the order flow.

In addition, we have reached a POC, i.e. a point of control (point of highest volume in a range). We still have a nice POC a little further down at around 133$ but that would break the order flow which would be so bearish that the trade is irrelevant for me anyway. (There is no perfect setup anyway).

We are currently accumulating nicely at the trendline and have obtained a bullish structure on the daily chart. At the beginning I said that I am not yet completely convinced - this is because we are currently still at the breakdown point - so we could expand downwards at any time with a strong downward impulse. However, if we now break the 160 mark again impulsively, this is a clear signal for me that the share wants more and I would then buy even more into my position on a correction.

The first and most difficult target is the 180$ mark. Here we have the point of control of the downward movement that came about after the last test of the range highs at 260$. Above 200 at the latest is practically no man's land and price discovery up to 260$.

So I set my stop loss at 180$ to +-0 (breakeven). If we break and close the range highs at 260$ impulsively with a weekly candle, the path to the target at 300$+ is clear.

Why do I think the trade is good at the moment and I am already in it without having broken the 165$ .... well, I just think the chart is good and wanted to open halfway. A lot comes with time simply by feeling and I have the chance here to set a tight stop loss and thus get a comparatively high R/R with high leverage. So I have a tight invalidation level. Earnings are now over and the news is therefore limited.

It is important to mention that my entry is a RISK ENTRY and a confirmation for me is actually only given from the break of 160$. Before that, anything can happen and it is normally just a watchlist position for me. (So exception)

Enclosed you will find my monthly, weekly and daily charts. Questions as always in the comments. I have probably written complete gibberish again.

PS. $DIS (+1.21%) is currently on my watchlist.

If you have any great stocks on your watchlist - check them out. Due to $TSLA (+0.05%) has freed up some liquidity, so I can enter into a few new swing trades.

Greetings Melon!

The Boeing
$BA (-1.36%)
Starliner could make a cargo-only flight to the ISS in order to reduce the cost of crew certification.

So far Boeing losses of 1,85 billion US dollars on the Starliner project and the NASA that the company will no longer offer fixed-price contracts for space projects.

Steik at $BA (-1.36%) ends.

SEATTLE - The strike by tens of thousands of workers at Boeing is over after around seven weeks. The workers accepted the airplane manufacturer's latest offer of a 38 percent increase in income over a four-year period. The strike began in mid-September and threatened to deepen Boeing's crisis.

The Boeing proposal was accepted in the vote on Monday with a majority of 59 percent. The previous offer of a 35 percent increase over four years had been rejected by the workers a week ago.

With the new contract, the workers will also receive a one-off payment of 12,000 dollars (around 11,000 euros). The union had already negotiated the receipt of bonus payments, which were originally to be abolished, in the second offer. The workers must now go back to work by November 12 at the latest.

The strike in the north-west of the USA, which began on September 13, has paralyzed production of Boeing's best-selling 737 model and the 777 long-haul jet. This is likely to put Boeing even further behind schedule with deliveries.

Boeing workers had accepted several zero rounds over the past decade and now wanted a significant increase. Boeing announced a few weeks ago that it would cut ten percent of jobs. The cuts are likely to affect around 17,000 jobs.

Source: aero.de

Spirit AeroSystemsthe most important supplier of Boeing
$BA (-1.36%)recorded a net loss in the third quarter net loss of 217 million dollars and had to utilize its entire credit line of 350 million dollars.

These financial difficulties are due to the failure to make advance payments of 425 million dollars from Boeing caused by the ongoing employee strike.

The cash reserves have been reduced to only 218 million dollars.

The company plans to 700 employees on compulsory leave for 21 days and warns of possible layoffs if the strike continues. -Handelsblatt

Bloomberg reports that Boeing
$BA (-1.36%) will have more than 15 billion dollars as early as tomorrow, through a capital increase.

Share sales are planned in order to avoid a downgrade of its credit rating. credit rating to junk status.

Photo: Randall Hill

Boeing
$BA (-1.36%) is considering the sale of its space businessincluding the troubled Starliner-spacecraft and operations to support the International Space Station - according to the WSJ.

Photo: NASA

28.10.2024

Porsche AG: "The ban on combustion engines must fall" + E. coli bacteria at McDonalds: number of cases on the rise + Focus on advertising market, AI and split-up at Google parent Alphabet + Meta with solid advertising business + Boeing apparently planning capital increase

The quarterly figures presented after the Xetra close were lean as expected, but the outlook for the year as a whole was confirmed. Between the lines Porsche $P911 (-2.39%) criticized the upcoming tightening of EU CO₂ emissions regulations. In the subsequent conference call, the sports car manufacturer then dropped a bombshell. Is a roll back towards the combustion engine coming?

https://www.deraktionaer.de/artikel/aktien/porsche-ag-das-verbrenner-verbot-muss-fallen-20368996.html

The number of confirmed cases of illness with coli bacteria in the USA, which according to the US authorities can be traced back to the consumption of a certain McDonald's-burger $MCD (-0.18%) has risen to 75. According to the US health authority CDC, 42 of those infected stated that they had previously eaten at the McDonald's fast food chain. At least 22 of them had to be treated in hospital. Two people developed hemolytic uremic syndrome (HUS) as a result of the infection, which can lead to acute kidney failure and can be fatal, the CDC said. US authorities are investigating the outbreak after people in 13 states fell ill between September 27 and October 10 after being infected with E. coli bacteria. One of the illnesses was fatal. According to initial investigation results, the US Food and Drug Administration (FDA) attributes the outbreak to sliced onions in McDonald's Quarter Pounder Burger, the American equivalent of the Hamburger Royal. However, the authorities are not ruling out the possibility that the burger patty itself could also be the cause.

The growth of the online advertising market, the most important source of revenue for Google $GOOGL (-5.23%)has recently slowed down somewhat. But that is complaining at a high level. The Group is nevertheless likely to have grown significantly in the third quarter and posted a higher profit. It is more preoccupied with other issues anyway. Google has to make sure it keeps up in the race for artificial intelligence. And it has to deal with the US anti-trust authorities. In the course of the 3Q reporting, the possible split-up of Alphabet will certainly also be discussed. Quarterly figures on Tuesday at 21:05.

Like Google Meta $META (-0.47%) is largely dependent on online ads in its social networks. The online advertising market is likely to have been solid, with Meta Platforms once again showing significant growth. Analysts expect profit growth of 19 percent and an 18 percent increase in sales compared to the previous year. Investors are also interested in the AI offerings of the parent company of Facebook, Whatsapp and Instagram and how it can monetize them. Quarterly figures on Wednesday at 21:05.

The ailing US aircraft manufacturer Boeing $BA (-1.36%) is on the verge of a massive capital increase, according to insiders. The cash injection of over 15 billion dollars (13.86 billion euros) is to be raised today through a mixture of share sales and convertible preference shares, a person familiar with the matter told Reuters news agency. This is intended to improve the company's financial situation, which has deteriorated as a result of the ongoing strike by around 30,000 employees at its US plants. Boeing initially declined to comment. However, the company had recently announced in regulatory documents that it could raise up to 25 billion dollars in stock and debt to bolster its ailing finances and protect its investment-grade rating. The Airbus rival is in deep crisis after a cabin door came loose during a flight in early January. Since then, the company has been struggling with stricter regulatory controls, production restrictions and dwindling customer confidence. In the first quarter of 2024, Boeing recorded a loss of around six billion dollars. In order to secure liquidity, the Group recently concluded a loan agreement worth ten billion dollars with leading banks. Boeing also announced the reduction of 17,000 jobs, which corresponds to around ten percent of the global workforce. However, the rating agencies S&P, Moody's and Fitch are threatening to downgrade the company to junk status if Boeing takes on new debt without repaying existing liabilities.

Monday: Stock market dates, economic data, quarterly figures

US: Trading hours from 14:30 - 21:00 (instead of 15:30 to 22:00, until Nov. 1)

ex-dividend of individual stocks

Blackstone USD 0.86

Quarterly figures / company dates USA / Asia

21:10 Ford quarterly figures

Quarterly figures / company dates Europe

07:00 Wacker Chemie | Royal Philips Electronic Quarterly figures

07:30 KPN quarterly figures

08:00 Traton quarterly figures

09:00 Traton Analyst Conference

16:00 Wacker Chemie Analyst Conference

Untimed: Bawag quarterly figures

Economic data

• 11:30 DE: Government Pk, Berlin
• 14:30 US: Stock market opens (instead of 15:30, until Nov. 1)
• 15:30 US: Dallas Fed Manufacturing 10/24
• 20:45 ESECB Vice President De Guindos, speech at Grupo Hotusa event
• 21:00 US: Stock markets close (instead of 10 p.m., by Nov. 1)
• No time specified: DE: Expiry of the peace obligation collective bargaining in the metal and electrical industry - warning strikes possible