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Tom Essaye Interviewed On Schwab Network

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 Boeing’s loss this quarter is breathtaking: Tom Essaye Interviewed On Schwab Network

Boeing (BA) Plummets on Double Earnings Miss

The size of Boeing’s (BA) loss this quarter is “breathtaking,” says Tom Essaye, going on to call the numbers “horrific.” But, he adds, what’s important is how well they execute on their recovery plan. Nicolas Owens notes the recent machinist strike cost Boeing billions of dollars, and that the new CEO is looking for “fundamental culture change.”

Also, click here to view the full interview with Schwab Network published on October 23rd, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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Tom Essaye Quoted in MarketWatch on December 26, 2019

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Shares of the beleaguered aviation company make up 20% of the iShares U.S. Aerospace & Defense ETF ITA, -0.11%, pointed out Tom Essaye, president of the Sevens Report, in a research note out Tuesday. The exchange-traded fund has gained 31% in the year to date, even though Boeing shares are up less than 5%.

And Essaye thinks there’s room for Boeing to gain altitude. “I’m not a Boeing analyst,” he cautions, but lays out a strong case for upside. The decision to halt production on the 737 may have been negative…Click here to read the full article.

Boeing planes

Time to Buy Defense Stocks?

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What’s in Today’s Report:

  • Was that the Bottom in Boeing? (Time to Buy Defense Stocks?)
  • Durable Goods Takeaways (Not as Bad as It Appeared)

U.S. stock futures are marginally higher this morning while international markets were little changed overnight as news wires were very quiet and attendance is notably thin ahead of the Christmas holiday.

There were no economic reports overnight and no market-moving headlines have crossed since yesterday’s close.

Looking into today’s holiday-shortened session (the NYSE will close at 1:00 p.m. ET), there are no notable economic releases and no Fed officials are scheduled to speak.

The only potential market catalyst on the calendar is a 5-Yr Note Auction by the Treasury at 10:00 a.m. ET. Any significant moves in the belly of the yield curve could affect stocks today as computer trading will dominate the price action due to the low attendance ahead of Christmas.