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Two Ways: Slow Boeing in Aeronautical Sector


Strengthen your portfolio in good times and bad.


Bad News for Boeing

Boeing (BA) shares are in focus this morning. The manufacturing conglomerate, whose products range from commercial aircraft to military helicopters, revised its fiscal 2008 and fourth-quarter earnings report to reflect a bigger loss for the quarter and a smaller profit for the year. In a statement yesterday, the company said the revision is due to "a reduction in collateral values of aircraft in our customer financing portfolio" and increased liabilities from an arbitration award.

Boeing said it lost $0.12 per share in the fourth quarter, $0.04 more than it reported on January 28, and gained $3.67 per share in 2008, also $0.04 less than its prior figure of $3.71.

From the Bull Pen: Bulls can look elsewhere. One can consider US Steel (X) for a trade. A sell stop can be set below $34.

From the Bear Cave
: Clearly, defense stocks face a number of challenges. Professor Jon Markman even mentioned last week on the Buzz that Secretary of Defense Robert Gates said the "spigot of spending opened by 9/11 is closing." Bears can play the downside in Boeing on the thesis that $40 support will break. A buy stop can be set above $43-44.

Quick Check Around the World

Asian trading closed with the Hang Seng 0.81%, Nikkei -0.29%, Sensex 0.66%, Taiwan 0.70% and Shanghai 1.82%.

Glancing towards Europe, we see the CAC -1.26%, DAX -1.34%, FTSE 1.11%

As of 8:00 a.m. EST, S&P futures are trading -3 to 862.00, and Nasdaq futures are -1 to 1275.00.

A Look At Commodities

Crude oil is trading +1.33 to 40.89. Gold is +6.20 to 899.00. Silver is +0.14 to 12.970, and copper -3.70 to 157.60.

The dollar index is +0.2600 to 85.3100.

On the Radar


10:00 Wholesale Inventories -0.7%
10:00 IBD/TIPP Economic Optimism

Click here for the full trading radar.

Good luck today!

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No positions in stocks mentioned.

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