Boeing Trading forecasts and signals

Aircraft manufacturer Boeing has signed contracts for the supply of its aircraft worth more than $15 billion with Delta Air Lines and Lufthansa airlines.This is very good news for Boeing, since more recently the corporation predicted a decrease in airline demand for its aircraft due to the consequences of the coronavirus pandemic, geopolitical difficulties and the loss of the Russian market. Nevertheless, orders from Delta AirLines and Lufthansa were expected, and the Boeing corporation itself announced plans to supply its airliners to these companies back in the spring. American media previously reported that Delta AirLines plans to order deliveries of about 100 new Boeing-737 MAX10 aircraft from Boeing.In June, Boeing announced that it had delivered 51 aircraft, bringing its figure for the first half of the year to 216 aircraft, which is 38% more than in the same period last year. June deliveries exceeded the threshold of 50 aircraft for the first time since March 2019 and included 43 Boeing 737 MAX aircraft, demand for which is recovering after almost two years of decline due to safety issues.The company has yet to solve the problem with the certification of the 737 MAX 10. Earlier, Boeing CEO Dave Calhoun said that the aircraft manufacturer may stop producing the 737 MAX 10 if regulators do not accredit the aircraft before the new command alarm system criteria begin in ...

In June, Boeing Co delivered 51 aircraft, bringing its figure for the first half of the year to 216 aircraft, which is 38% more than in the same period last year. June deliveries exceeded the threshold of 50 aircraft for the first time since March 2019 and included 43 Boeing 737 MAX aircraft, demand for which is recovering after almost two years of decline due to safety issues.The company also confirmed that the monthly production volume of MAX has reached the target of 31 aircraft. However, she warned that it has yet to be stabilized at this level, as the aerospace industry is facing problems in the supply chain around the world.Yesterday, on this news, the company's stock prices rose by 7.42% to $147.15 per share. However, in our opinion, the growth may continue to $175 per share if macro statistics from the United States does not collapse the American stock market: inflation data is expected to be published today.However, the company has yet to solve the problem with the certification of the 737 MAX 10. Earlier, Boeing CEO Dave Calhoun said that the aircraft manufacturer may stop producing the 737 MAX 10 if regulators do not accredit the aircraft before the new command alarm system criteria begin in ...

Boeing CEO Dave Calhoun said that the aircraft manufacturer may stop producing the 737 MAX 10 if regulators do not accredit the aircraft before the start of the new criteria for the command alarm system in December.The company's CEO added that he does not expect the cancellation of this model, just such risks are present. The company must receive approval by December 2022, but Congress may extend the time for certification for another six months.Thus, Boeing must receive approval from the Federal Aeronautics Administration (FAA) for the 737 MAX 10 by December. However, the regulator is significantly delaying the process of issuing permits for Boeing aircraft after two fatal collisions of early modifications of the 737 MAX.In December 2020, the US Congress passed a law according to which the FAA must accredit aircraft equipped with a new alarm system designed to help pilots pay attention to warnings that arise during flight. Unlike other Boeing aircraft, the 737 lacks an engine display and crew alert system, known as EICAS, which complies with FAA requirements.Boeing has not yet passed the 737 MAX 10 certification. However, the company already has orders from 17 airlines for more than 640 aircraft.In March, the FAA warned Boeing that the company might not receive 737 MAX 10 certification by the end of the year and asked for an updated certification schedule. In June, Boeing declined to give a clear time frame when it expects to receive approval. The company has attracted hundreds of engineers to work on certification.At the beginning of the month, it became known that Boeing had lost the battle for the Chinese market to its competitor Airbus. China's three largest state-owned airlines have ordered 300 aircraft from a European manufacturer.Boeing shares in the premarket are falling by 1.18%, to $139.97 per ...

Aircraft manufacturer Boeing said it was disappointed with how geopolitical differences continue to restrain aircraft exports from the United States. This is how the corporation reacted to the purchase by China's three largest state-owned airlines of 300 aircraft from the European aircraft manufacturer Airbus. The American manufacturer continues to call for a productive dialogue between the US and Chinese governments, given the mutual economic benefits of a thriving aviation industry. Relations between China and the West have become increasingly tense in recent years.Sales of Boeing 737 MAX aircraft will decline against the background of the fact that the US National Academy of Sciences recommended to the Federal Aviation Administration to make a number of improvements to risk assessment reports after two plane crashes involving these machines. At the same time, the company expects that problems in the supply chain will persist until the end of 2023. Against this background, we expect a decrease in production volumes and, as a result, the company's revenues.China is playing a key role in restoring Boeing production, which has almost come to a halt after two Boeing 737 Max disasters. The Chinese regulator was the first to suspend Boeing flights after the second tragedy. And although China has now approved the use of a modified Boeing 737 Max, local airlines are in no hurry to resume flights on this aircraft and are in no hurry to make orders.Boeing shares rose 2.28% on July 1, to $139.84 per paper. On July 4, trading on American stock exchanges is not held due to the celebration of Independence ...

The market the day beforeThe session on June 16, the main American stock exchanges ended in the red zone. The S&P 500 fell 3.25% to close at 3,667 points. The Nasdaq and Dow Jones indices declined by 4.08% and 2.42%, respectively. All 11 sectors of the S&P 500 closed in negative territory. Energy companies (-5.58%) and manufacturers of cyclical consumer goods (-4.76%) looked worse than the rest.Company newsAMC shareholders (AMC: -7.67%) rejected the proposed executive compensation plan.Boeing (BA: -0.27%) plans to resume deliveries of 787 Dreamliners suspended from the end of 2020.A Tesla investor (TSLA: -8.54%) is suing Elon Musk and other company executives, accusing them of neglecting to consider complaints of discrimination and harassment in the workplace, as well as creating a "toxic corporate culture".We expectBefore the markets opened, several major central banks announced the transition to a more aggressive monetary policy. The Swiss regulator intends to raise the key rate by 50 bps, the Central Bank of Brazil has already done so, and the Bank of England has raised the rate by 25 bps, while forecasting a 0.3% decline in GDP in the second quarter. These changes to the DCP have increased investors' concerns about business growth and issuers' profits. In addition, according to market participants, regulators are taking measures to curb inflation with some delay, which increases worries about a political mistake that could lead to a recession.These fears are growing against the background of negative data published yesterday on the state of employment and the residential real estate market. In May, house commissioning decreased by 14.4% mom, to a seasonally adjusted annual rate of 1.549 million units (consensus: 1.730 million), while the number of construction permits (leading indicator) decreased by 7.0% mom, to 1.695 million (consensus: 1,800 million). At the same time, the number of initial applications for unemployment benefits for the week ended June 11 fell by 3 thousand, to 229 thousand (consensus: 215 thousand).Yesterday, at the beginning of the session, there were small sales of treasuries, but then the situation on the debt market improved significantly, as investors began to shift from stocks to bonds. As a result, the yield of 10-year securities decreased by 9 bps, to 3.31%, while the indicator for "two-year-olds" fell by 11 bps, to 3.16%.Trading on June 16 on the sites of Southeast Asia ended in different directions. China's CSI 300 gained 1.39%, Hong Kong's Hang Seng rose 1.10%, and Japan's Nikkei 225 adjusted 1.77%.Brent crude futures are quoted at $120 per barrel. Gold is trading at $1,849 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 3600-3670 points.MacrostatisticsToday, data on the dynamics of industrial production for May is expected to be published (consensus: +0.5%; previous value: +1.1%).Sentiment IndexThe sentiment index decreased by four points to 29.Technical pictureThe broad market index continues to adjust for the second week in a row, falling below the resistance at the level of 3700 points, and is now moving towards the 3600 mark. The crossing of the increasing downward channel was mainly caused by the tightening of monetary conditions in many ...

The market the day beforeThe US stock exchanges ended the trading session on June 15 with growth. The S&P 500 gained 1.46%, returning to 3,790 points, the Nasdaq rose 2.50%, the Dow Jones rose 1.00%. The discretionary goods sector (+2.81%) and telecoms (+2.47%) became the leaders of growth. The negative dynamics was demonstrated by energy companies (-2.21%) and suppliers of raw materials (-0.03%).Company newsBoeing (BA: +9.46%) is working to stabilize the production and supply of 737 MAX aircraft. Earlier, the Chinese airline China Southern Airlines conducted a successful test flight of the 737 MAX, which signals the likelihood of resuming the use of aircraft of this brand in China due to high demand for air transportation.Nio (NIO: +7.77%) has officially introduced a new model of the ES7 electric car, which has become the most powerful serial crossover. The start of sales of the ES7 is scheduled for the end of August.Ford (F: +0.57%) is recalling 2.9 million vehicles produced in 2013-2021 to fix transmission problems. This was the third recall of the automaker's products in a week.We expectFollowing the meeting on June 14-15, the Fed for the first time since 1994 raised the discount rate immediately by 75 bps, in the range of 1.50–1.75%. By the end of this year, the FOMC plans to bring the upper limit of this range to 3.5%, despite the fact that 2.8% was predicted in March. Thus, at the July meeting, the regulator may raise the rate by 75 bps again, and in September it will be raised by 50 bps. The intensification of monetary policy tightening is expedient in conditions when inflation has already tripled the target of the Federal Reserve, and consumer inflation expectations are rising, despite the fact that the situation on the labor market remains prosperous. At a press conference dedicated to the Fed meeting, Jerome Powell noted the acceleration of real GDP growth in the current quarter. Consumer spending remains steady, but the increase in capital investment is starting to slow down. Along with this, the increase in mortgage rates significantly cools the demand for housing. The day before, statistics were released reflecting a decrease in retail sales in May by 0.3% mom, as inflation and a shortage of supply of some goods, primarily cars, restrain consumer activity. It is likely that the weakening of demand will reduce the pressure of price growth, which will be the reason for a less active tightening of the PREP next year. The Fed is considering a rate cut in 2024.The regulator has raised the inflation forecast for the personal consumer spending Price index (PCE) for the current year from 4.3% to 5.2%, taking into account the rise in the cost of energy and food under the influence of geopolitical factors. The benchmark for the dynamics of US GDP for 2022 assumes its growth by 1.7% against the previous forecast of 2.8%. Unemployment is expected to reach 3.7% at the current 3.6%, next year the indicator may rise to 3.9%.The stock exchanges of the Asia-Pacific region ended trading on June 16 in different directions. Japan's Nikkei gained 0.40%, Hong Kong's Hang Seng dropped 2.57%, China's CSI 300 lost 0.66%. EuroStoxx 50 has been losing 1.80% since the opening of the session.Brent crude futures are trading at $119 per barrel. The price of gold is $1,834 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 3710-3800 points.MacrostatisticsData on the real estate market for May will be published today. The number of construction permits is projected to decrease to 1.78 million with a reduction in the volume of construction started from April's 1.724 million to 1.7 million.Sentiment IndexThe sentiment index lost two points, dropping to 29.Technical pictureThe S&P 500 showed a recovery of quotations after five sessions that ended in negative territory. The RSI remains near the oversold level, which indicates the likelihood of a short-term rebound. MACD does not signal the approach of a reversal, while morning futures suggest a further decline in quotations. The nearest resistance for the broad market index may be located at around 3900 points, and the range of 3660-3700 points will serve as support.ReportsAdobe (ADBE) will present quarterly results this Thursday. The consensus forecast assumes that the revenue of one of the leading representatives of the IT sector will reach $4.3 billion (+13.2% YoY) with EPS at $3.3 (+8.9% YoY). Adobe's competitor in the segment of marketing and e-commerce technologies Salesforce.com (CRM) aims to boost business development by expanding the product line, while strengthening the main software direction. In March, management presented a weak quarterly forecast based on the assumption that increased competition is damaging the design software segment. According to Adobe Chief Executive Officer Shantanu Narayen, for the first time since 2017, the company will have to significantly change the prices of its most popular products. It is expected that this will affect earnings in the second half of the fiscal year. ADBE shares have lost 30% since the beginning of ...

Boeing's Starliner spacecraft has successfully completed a test unmanned flight and landed in New Mexico. The ship fulfilled one of the most important test goals – it reached the ISS and successfully docked to it. The mission lasted six days.This was the second test flight of the ship without a crew on board. 360 kg of payloads were delivered for astronauts on the ISS. In the future, the ship is planned to be launched with astronauts on board.Boeing is developing its Starliner spacecraft as part of NASA's Commercial Crew program, having won almost $5 billion to create a capsule. As part of this project, Boeing competes with Elon Musk's company SpaceX, which has already completed the development of its Crew Dragon spacecraft. Previously, the aerospace giant was on equal terms with SpaceX in the race to launch NASA astronauts. However, delays in the development of the Starliner constantly pushed Boeing back, both on schedule and financially.Boeing shares on the NYSE on May 25 rose 2.23% to $122.06 per ...

Aircraft manufacturer Boeing reported a net loss in the 1st quarter of 2022 of $1.24 billion or $2.06 per share, which is twice as much as the same indicator last year – $561 million. Boeing's quarterly revenue fell by 8% to $13.99 billion, missing analysts' expectations of $16.02 billion.Earlier, the company announced the suspension of production of 777X aircraft due to the delay in its commissioning and certification problems.Boeing shares on the NYSE on April 27 fell by 7.53% to $154.46 per ...