Boeing Investing: The Cost of Ignoring Market Signals Post-Cramer Praise

Thursday, 10 October 2024, 09:17

Boeing investing strategies may lead to losses, as shown by the decline in BA stocks since Jim Cramer called the company 'incredible.' A $1,000 investment in April 2023 would now be worth just $741, highlighting significant market risks. The turbulence surrounding Boeing continues with ongoing strikes and management changes that threaten recovery.
Finbold
Boeing Investing: The Cost of Ignoring Market Signals Post-Cramer Praise

Boeing Investing: Understanding the Current Lows

For months, Boeing (NYSE: BA) has been struggling, facing a decline that has raised eyebrows among investors.

Performance Overview of BA Stocks

  • Down 6.44% in 30 days
  • Down 10.75% in 6 months
  • Down 40.51% YTD

In April 2023, market analyst Jim Cramer praised Boeing, stating it was 'incredible.' Had an investor acted on this advice and invested $1,000, the value would have plummeted to $741 by October 2024. The downward trend raises questions about Boeing's resilience.

The Prelude to Boeing's Downfall

Minor incidents compounded larger issues over the past few years, beginning with fatal crashes that shook public confidence.

Challenges Following the Crashes

  1. March 2019 Ethiopian Airlines Flight 302 crash sparked scrutiny.
  2. Ongoing lawsuits and quality control complaints.
  3. CEO compensation often criticized amid failures.

Current Crisis: Boeing's Strike

In July 2024, Boeing workers voted for a strike, demanding better wages and safety measures. The strike began on September 13, negatively impacting Boeing's operations.

Financial Impact of the Strike

  • Potential daily losses between $50 million to $150 million.
  • Negotiations appear stalled; workforce relations deteriorating.

With Boeing's future in jeopardy, the investment landscape looks grim for shareholders.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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