Why Boeing Was Flying High in January
Boeing (NYSE: BA) has caused a lot of turbulence for investors in recent years, but lately the signs are all pointing to a company that is regaining cruising altitude.
Investors have taken notice. Shares of Boeing gained 11.8% in January, according to data provided by S&P Global Market Intelligence, due to improving fundamentals at the business and increasing optimism that a full-on recession can be avoided.
Few aerospace stocks have faced greater headwinds than Boeing since 2019. The company's 737 MAX, once projected to be among the top-selling airplane designs of all time, was grounded for 18 months after a pair of fatal crashes. By the time those issues were resolved, the global pandemic had airlines on the defensive, grinding new plane sales to a halt.
Source Fool.com
