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5 Rocket Stocks You Should Buy as Stocks Drop

Stocks in this article: CSCOTAPNLSNLULUBA

Boeing

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Aircraft manufacturing behemoth Boeing (BA) is having a rough year -- but you wouldn't know it from the stock's share price. Shares of Boeing have climbed more than 14.6% since the first trading day in January, outperforming the S&P by a big margin. But Boeing has had more attention from the missteps of its 787 Dreamliner program, which finally saw entry to service in the fourth quarter of 2012.

>>3 Huge Stocks to Trade for Gains

As Boeing's Dreamliner saga continues, the firm's other offerings are providing impressive returns for investors. For example, the firm recently opted to offer a new version of its extremely successful 737 jet, replete with newer and more fuel-efficient engines. The move kept airlines with a familiar platform (one that requires less pilot and maintenance training), but gave Boeing a big advantage against top rival Airbus. Ultimately, the battery issues with the 787 are going to be more of a pothole in the product's life than a sinkhole -- and once they're resolved, BA's backlog should allow for some impressive revenue generation.

Airliners are only part of Boeing's business, though. The firm is also a major defense contractor, a line that generates approximately 40% of the firm's consolidated sales. While the defense industry is hardly without risk itself, big-dollar long-term contracts (like the KC-46A tanker project) take some of that risk away in the near-term. We're betting on shares of this Rocket Stock this week.

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