NYSE Trader: Boeing Stock Slump Isn't an Overreaction

NYSE trader Matthew Cheslock of Virtu Financial doesn't think Boeing's stock slump on Wednesday is an overreaction, after the stock's gains on Tuesday.
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NYSE trader Matthew Cheslock of Virtu Financial doesn't think Boeing's (BA) - Get Report stock slump on Wednesday is an overreaction, after the stock's gains on Tuesday.

Boeing reported an earnings and revenue beat for its latest quarter Wednesday, but its full-year profit guidance came in short of analysts' estimates.

"If you think about Boeing as the largest single exporter to China, they're going to be affected by any trade tariffs," he said.

Boeing shares are up roughly 17.5% since the start of the year.