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Boeing (BA, $221.02) plans to add three new air cargo conversion lines
Boeing announced that it plans to open three new air freighter conversion lines for its 737-800BCF aircraft in North America and Europe over the next two years.
The aircraft manufacturer said it will open one conversion line in 2022 at Boeing's London Gatwick Maintenance, Repair & Overhaul facility, its state-of-the-art hangar in the U.K., and two conversion lines in 2023 at KF Aerospace MRO in Kelowna, British Columbia, Canada.
According to Boeing forecasts, it will need to convert 1,720 passenger jets to air freighters over the next 20 years to meet air cargo demand. Out of these, 1,200 will be standard-body conversions, with almost 20% of that demand coming from European carriers, and 30% from North America and Latin America.
BA in -7.35% downward trend, declining for three consecutive days on May 12, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BA declined for three days, in 226 of 302 cases, the price declined further within the following month. The odds of a continued downward trend are 75%.
Throughout the month of 04/12/22 - 05/13/22, the price experienced a -28% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -15%.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BA as a result. In 46 of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 62%.
The Moving Average Convergence Divergence Histogram (MACD) for BA turned negative on April 25, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 29 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
The Aroon Indicator for BA entered a downward trend on May 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +5.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where BA advanced for three days, in 197 of 290 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
BA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 74%. During the last month, the daily ratio of advancing to declining volumes was 1 to 3.41.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (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 79, placing this stock worse than average.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 65 (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 30 (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (4.566). P/E Ratio (0.000) is within average values for comparable stocks, (196.117). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (10.674). BA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (1.227) is also within normal values, averaging (161.626).
The Tickeron PE Growth Rating for this company is 3 (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 SMR rating for this company is 1 (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.
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.
The average market capitalization across the Aerospace & Defense Industry is 8.6B. The market cap for tickers in the group ranges from 38.5K to 136.7B. RTX holds the highest valuation in this group at 136.7B. The lowest valued company is TURA at 38.5K.
The average weekly price growth across all stocks in the Aerospace & Defense Industry was -4.38%. For the same Industry, the average monthly price growth was -11.26%, and the average quarterly price growth was -13.93%. PSSR experienced the highest price growth at 32.45%, while BOMBF experienced the biggest fall at -61.81%.
- 4/20/22 8:58 AM: Boeing (BA, $185.98) was a top weekly gainer, with a +5.5% jump
- 4/6/22 8:51 AM: Boeing (BA, $182.65) was a top loser this week, declining -5.75%
- 3/17/22 4:20 AM: Boeing (BA, $188.99) was a top weekly gainer, with a +5.84% jump
The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -45.58%. For the same stocks of the Industry, the average monthly volume growth was 69.23% and the average quarterly volume growth was 54.92%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 45%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.82.
25 stocks in the group of tickers exhibit a similar negative trend based on the 15 indicator with an average likelihood of 70%.
The most notable companies in this group are Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).
The average market capitalization across the group is 10.6B. The market cap for tickers in the group ranges from 0 to 136.7B. RTX holds the highest valuation in this group at 136.7B. The lowest valued company is UMAV at 0.
The average weekly price growth across all stocks in the group was -4.79%. For the same group, the average monthly price growth was -13.43%, and the average quarterly price growth was -20%. SNAVF experienced the highest price growth at 19.07%, while HWKE experienced the biggest fall at -42.53%.
- 5/12/22 5:38 AM: General Dynamics (GD, $226.94) was a top loser this week, declining -6.58%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Lilium (LILM, $2.85) is a top weekly loser for penny stocks, falling -20.61%
- 5/11/22 7:46 AM: Tel-Instrument Electronics (TIKK, $2.95) was a top loser this week, declining -6.05%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 451.59%. For the same stocks of the group, the average monthly volume growth was 250.58% and the average quarterly volume growth was 232.71%
- 5/6/22 5:00 AM: The volume for Airbus SE American Depositary Receipts - Unsponsored stock increased for one day, resulting in a record-breaking daily growth of 320% of the 65-Day Volume Moving Average
- 3/31/22 6:34 AM: The volume for Lilium stock increased for one day, resulting in a record-breaking daily growth of 523% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Lilium stock increased for four consecutive days, resulting in a record-breaking daily growth of 171% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).
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.
The average market capitalization across the Aerospace & Defense Industry is 8.7B. The market cap for tickers in the group ranges from 38.5K to 136.7B. RTX holds the highest valuation in this group at 136.7B. The lowest valued company is TURA at 38.5K.
The average weekly price growth across all stocks in the Aerospace & Defense Industry was -4.38%. For the same Industry, the average monthly price growth was -11.26%, and the average quarterly price growth was -13.93%. PSSR experienced the highest price growth at 32.45%, while BOMBF experienced the biggest fall at -61.81%.
- 5/12/22 5:38 AM: General Dynamics (GD, $226.94) was a top loser this week, declining -6.58%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Lilium (LILM, $2.85) is a top weekly loser for penny stocks, falling -20.61%
- 5/11/22 7:46 AM: Tel-Instrument Electronics (TIKK, $2.95) was a top loser this week, declining -6.05%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -45.58%. For the same stocks of the Industry, the average monthly volume growth was 69.23% and the average quarterly volume growth was 54.92%
- 5/6/22 5:00 AM: The volume for Airbus SE American Depositary Receipts - Unsponsored stock increased for one day, resulting in a record-breaking daily growth of 320% of the 65-Day Volume Moving Average
- 3/31/22 6:34 AM: The volume for Lilium stock increased for one day, resulting in a record-breaking daily growth of 523% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Lilium stock increased for four consecutive days, resulting in a record-breaking daily growth of 171% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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