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Boeing's (BA, $237.26) 737 MAX 10 takes off in test
On Friday, Boeing's latest version of its 737 MAX made its first test flight. This was the beginning of a comprehensive test program.
The aerospace behemoth’s MAX 10 took off near Seattle. 737 chief pilot captain Jennifer Henderson said the airplane performed "beautifully". According to Henderson, the profile flown allowed the team to test the airplane's systems, flight controls and handling qualities, and all of these met expectations.
The next steps of the testing program will involve Boeing working closely with regulators to certify the airplane. It is expected to enter service in 2023.
The 737-10 has a capacity of 230 passengers. It lowers noise by 50% and cuts carbon emissions by 14% compared to Next-Generation 737s (737NGs).
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 04/13/22 - 05/16/22, the price experienced a -32% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -7%.
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 45 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 61%.
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 27 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 66%.
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 7 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 15 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 4.13.
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 (4.596). P/E Ratio (0.000) is within average values for comparable stocks, (193.940). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (10.675). 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 (163.460).
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 8.7B. 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 -1.53%. For the same Industry, the average monthly price growth was -11.74%, and the average quarterly price growth was -12.73%. NSKFF experienced the highest price growth at 33.77%, while BOMBF experienced the biggest fall at -62.38%.
- 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 -66.63%. For the same stocks of the Industry, the average monthly volume growth was -38.57% and the average quarterly volume growth was -59.38%
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 Aroon 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 47%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.95.
29 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 69%.
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), Maxar Technologies (NYSE:MAXR), Virgin Galactic Holdings (NYSE:SPCE).
The average market capitalization across the group is 12.1B. The market cap for tickers in the group ranges from 261K to 136.7B. RTX holds the highest valuation in this group at 136.7B. The lowest valued company is GSPT at 261K.
The average weekly price growth across all stocks in the group was -0.49%. For the same group, the average monthly price growth was -12.16%, and the average quarterly price growth was -17.97%. ISSC experienced the highest price growth at 24.35%, while SNAVF experienced the biggest fall at -41.07%.
- 5/14/22 4:23 AM: Mace Security International (MACE, $0.26) was a top loser this week, declining -5.2%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: General Dynamics (GD, $226.94) was a top loser this week, declining -6.58%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Howmet Aerospace (HWM, $33.54) was a top loser this week, declining -8.21%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 25.19%. For the same stocks of the group, the average monthly volume growth was 265.58% and the average quarterly volume growth was 393.76%
- 5/11/22 7:39 AM: The volume for ComSovereign Holding stock increased for one day, resulting in a record-breaking daily growth of 231% of the 65-Day Volume Moving Average
- 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 ComSovereign Holding stock increased for one day, resulting in a record-breaking daily growth of 219% 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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