Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Boeing's Dreamliner Grounded Once Again


Strengthen your portfolio in good times and bad.

Bloomberg reports Boeing (BA) said it will delay the test flight of the new 787 Dreamliner until after the fourth quarter because of the recent strike.

A spokeswoman for the company said that no new timeframe has been established yet but one analyst at American Technology Research predicts the Dreamliner probably won't fly for the first time until February or March, pushing deliveries into the second quarter of 2010.

This is the fourth delay for 787 and delivery for the new plane was already running 15 months late before machinists went on strike for eight weeks. The strike costed Boeing about $100 million in lost revenue each day.

From the Bull Pen: Planes or Trains? The better bull play might be Burlington Northern (BNI). Consider a sell stop below $90.

From the Bear Cave: Boeing finished up on the day, but given today's 4% move in the S&P, BA's performance was quite tepid. For a downside attempt, one can use a trade above the 50 DMA ($54.70) for a buy stop. Another option is to wait and see if it can approach more significant resistance near $60.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos