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
- March 2019 Ethiopian Airlines Flight 302 crash sparked scrutiny.
- Ongoing lawsuits and quality control complaints.
- 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.