Investors Seek Reason To Buy Boeing, Aerospace After Rally

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Investors Seek Reason To Buy Boeing, Aerospace After Rally

by Wochit 0:43 mins

Investors Seek Reason To Buy Boeing, Aerospace After Rally

by Wochit 0:43 mins

Despite booking billions of dollars in new plane orders at the year's biggest air show this week, Boeing and other aerospace companies approach second-quarter earnings as victims of their own success. Boeing's stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. Many suppliers to the world's biggest plane maker also beat the market. But as indexes pushed higher this year, investors sent Boeing down 5.7 percent amid concern that the aviation business cycle may have peaked and that Boeing's ability to produce positive surprises is limited.

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