Boeing Will Bounce Back
Boeing (BA) shares are having a tough time of late and have failed to participate in the recent rally. Much of the negativity surrounding the stock involves merger talks between rival manufacturer EADS, maker of the Airbus, and BAE Systems, which supplies electronic components for Boeing aircraft. The potential tie-up turns a key competitor into the world's biggest defense and aerospace company, and deprives Boeing of a trusted partner.
The likelihood of reduced U.S. defense spending is also a threat to Boeing. The poor performance of the airline industry in general doesn't bode well either, and last week's troubling report from FedEx (FDX) is indicative of the short-term challenges facing the company....367 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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