China reportedly is considering leaving the purchase of the 737 MAX out of the trade deal it is currently negotiating with the United States, according to a report.
Automation software stocks have been grounded along with Boeing's 737, creating a good buying opportunity.
Boeing's stock continued its slide Thursday evening in after-hours trading following aircraft maker's decision to temporarily halt deliveries of its 737 Max jets.
Overall, analysts are optimistic that turnaround timelines will be able to remain on track.
A low-risk strategy would be to buy Boeing here with the understanding that the trade will be closed if the stock breaks below the 200-day moving average.
At least those among you who still choose to take a flyer on Boeing will do so better informed.
The Census Bureau reports that new orders for manufactured durable goods orders outside of the transportation industry fell by 0.1% in January. Economists were calling for a 0.2% increase.
China, home to 22% of the 737 Max planes in operation so far, was the first nation to ground the plane.
Be wary of rallies based on hope, warns Jim Cramer.
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