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Sarah Patel's Avatar
published in Blogs
Sep 15, 2021

Boeing (BA, $213.52) projects $9 trillion aircraft market for 2040

Boeing Co.  published its annual industry forecast that suggests that global demand for commercial aircraft hasn't yet returned to pre-pandemic levels.

The 2021 Boeing Market Outlook projects  overall demand for around 43,610 over the next two decades. This is down from its 2019 forecast of 44,040.

Boeing's ten year-horizon forecast indicates global demand for 19,000 commercial airplanes valued at around $3.2 trillion, as cargo fleets expand to meet expanding e-commerce sales in major economies.

Boeing projects a total addressable market of $9 trillion for 2040, compared to its forecast of $8.5 trillion last year and $8.7 trillion in 2019.

Related Ticker: BA

Momentum Indicator for BA turns positive, indicating new upward trend

BA saw its Momentum Indicator move above the 0 level on May 26, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BA just turned positive on May 15, 2023. Looking at past instances where BA's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

BA moved above its 50-day moving average on May 31, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BA advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BA broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for BA entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (25.408). P/E Ratio (0.000) is within average values for comparable stocks, (309.060). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.842). BA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (1.807) is also within normal values, averaging (170.014).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

Notable companies

The most notable companies in this group are Boeing Company (NYSE:BA), Lockheed Martin Corp (NYSE:LMT), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 10.29B. The market cap for tickers in the group ranges from 1.66K to 140.39B. RTX holds the highest valuation in this group at 140.39B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 18%. RNWR experienced the highest price growth at 113%, while CAMG experienced the biggest fall at -56%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -13%. For the same stocks of the Industry, the average monthly volume growth was -19% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 61
Price Growth Rating: 55
SMR Rating: 76
Profit Risk Rating: 77
Seasonality Score: -5 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of jetliners, aircraft and related products

Industry AerospaceDefense

Profile
Fundamentals
Details
Industry
Aerospace And Defense
Address
929 Long Bridge Drive
Phone
+1 703 414-6338
Employees
156000
Web
https://www.boeing.com
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BA and

Correlation & Price change

A.I.dvisor indicates that over the last year, BA has been closely correlated with SPR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if BA jumps, then SPR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BA
1D Price
Change %
BA100%
-2.12%
SPR - BA
68%
Closely correlated
-2.32%
HWM - BA
66%
Closely correlated
-0.72%
HXL - BA
63%
Loosely correlated
-1.34%
TDG - BA
62%
Loosely correlated
-0.66%
TXT - BA
60%
Loosely correlated
-1.17%
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