Better Buy: General Electric vs. Boeing
Aerospace giant Boeing (NYSE: BA) and industrial conglomerate General Electric (NYSE: GE) have both seen their stocks fall sharply. Although they each have iconic names, you need to understand a little more about what's happening at these companies before buying either stock. The truth is, they are each working through material headwinds right now. That said, as Boeing and GE muddle through their respective rough patches, does one look like a better buy than the other?
If you pay any attention to the news, you know that Boeing's 737 MAX aircraft has been grounded because of a pair of crashes. It was supposed to be a major product for the aircraft maker and was expected to support financial results for years into the future. Boeing is working with regulators to get the 737 MAX back in the air, but it hasn't been going well. In the meantime, airlines have been canceling orders. Cancellations have only picked up since the effort to slow the spread of COVID-19 has led to economic shutdowns around the world. That's not shocking given that travel has slowed to a crawl and Boeing's customers are in a financial bind.
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Source Fool.com
