Boeing Stock's Bounce Is a Selling Opportunity

Boeing (NYSE: BA) has endured two awful years in a row. In 2019, the 737 MAX grounding disrupted the company's growth trajectory and caused it to start burning cash. The situation has gone from bad to worse in 2020, with the COVID-19 pandemic absolutely crushing aircraft demand.

However, Boeing has gotten some good news this month. First, the Federal Aviation Administration reportedly plans to recertify the 737 MAX for commercial service as soon as Nov. 18. Regulators in Europe could lift the grounding order there by the end of November, too. Second, positive news on the vaccine front has raised investors' hopes that air travel demand will recover steadily next year. As a result, Boeing stock jumped 30% during the first seven trading days of November.