After hovering at a good $125 per share for about six months prior to 2015, Boeing’s January earnings caused the price to jump to $147 within (literally) 2 days. Since the January earnings trader optimism has remained positive on Boeing due to the overwhelming amount of contracts the company seized in 2014. But, what about Boeing’s future? Will 2015 be as good a year as 2014 was?
Let’s examine Boeing’s earnings report from late April, just last week. Firstly, the momentum of Boeing’s growth seems to be slowing down. Meanwhile, the company’s main competitor, Airbus, grabbed investor focus by posting amazing $13 billion in revenue last week, causing Airbus stock to rise 2%.
Such is the story of one of the most trusted names in the American airlines industry. Despite Boeing’s lack of momentum from last week’s earnings, the stock remains the best performing industrial-sector stock of 2015 (so far), with an 11% growth rate since the New Year. In second place for the American industrial sector is General Electric, currently experiencing a 9.1% growth rate since the New Year.
The Boeing Company: 1-Year Chart.
Boeing’s former CEO, Frank Shrontz, told reporters this week that he believes Ray Conner (Boeing’s current CEO) is leading the company in a positive direction, saying: “I think he’s doing a great job. I’m very impressed… He has some of what I think is the old Boeing approach. He’s supportive of the community, and I think he does all of those things very well. I’m delighted he’s in that job.”
