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It's been a mixed bag for
BA) business in 2013. But that hasn't stopped the aerospace giant from seeing its share price balloon this year. BA's stock price is up more than 32% year-to-date, with shares taking out the $100 mark in Friday's session. This Rocket Stock's upside doesn't look likely to fizzle out in the near-term.
Boeing manufactures aircraft and aerospace components for the commercial air travel and defense sectors. The biggest blemish on Boeing's track record this year has been the grounding of the firm's new 787 Dreamliner platform, which has experienced battery problems early on in its service life. With a fix worked out for the 787 that's received the all-clear from aviation officials around the world, Boeing should be able to put the issues behind it -- particularly because the airframe's issues didn't cause a more serious outcome.
On the defense side of the business, Boeing enjoys some lucrative projects right now, even if it constantly deals with a gun at its head in the form of the budget debate. The mission-critical nature of Boeing's contracts should make it less susceptible to the worst cuts, but investors should remember that defense if half of BA's business -- it could take a hit on the next swipe of a congressional pen. Less conspicuous offerings, such as the introduction of a next generation 737 with new, more efficient engines, should be huge sales drivers in 2013 as airlines continue to focus on cutting their biggest cost, fuel.
With rising analyst sentiment in BA this week, we're betting on shares.
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