Why Boeing Stock Just Popped
Boeing's prospects just improved dramatically...and the stock still costs too much.
Boeing (NYSE: BA) shares soared Thursday, up 3.4% through 11:30 a.m. ET -- not just because of today's tariffs news, but because of a pair of positive news reports from Reuters.
Last night, Reuters reported that Boeing "expects to finish certification of its best-selling 737 MAX family," specifically the 737 MAX 7 and 737 MAX 10 models, "by the end of the year." Boeing has orders for 1,200 MAX 10 airplanes and 332 MAX 7s awaiting fulfillment, worth tens of billions of dollars to the aerospace giant at list prices.
Separately, this morning, the news agency reported that Boeing plans to accelerate production of all 737 MAX models, from 38 airplanes per month currently to 42 later this year -- then to 47 planes per month by early 2026.
