Candle

April

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BA stock fell 1.80% a week but rallied 20.37% YTD and 37.20% in a year.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Chinese economic data caused the Dow Jones Industrial Average to slip 300 points.&nbsp;</a> </li> 
</ul> 
<p>The Boeing Co. (NYSE: BA) stock fell 1.88%, and the Dow Jones Industrial Average declined over 300 points, citing weaker Chinese economic data. On August 15, 2023, the reports of a weaker economy and a surprise drop in interest rates came from China, causing ripples across the American market. However, the investors needed help to handle the U.S. retail sales data from the Commerce Department a while back.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-the-boeing-co-ba-stock-financial-analysis-strong"><strong>The Boeing Co. (BA Stock): Financial Analysis</strong></h2> 
<p>China’s central bank lowered the interest rates by 15 points to 2.5%. This drop was in tandem with the weaker-than-expected industrial output and retail sales data in July 2023. In comparison, U.S. retail sales gained 0.7% in July, surpassing the estimated value of 0.4%.&nbsp;</p> 
<p>The quarterly sales growth has been 10.21% which is considerably higher than a drop of 10.31% in the previous quarter. The cost of goods sold (COGS) was $17,362 Million, $16,013 in the previous quarter and the COGS growth has been 11.27%. The gross income growth in the previous quarter was 3.41%, while it was reported to be 1.31% in the last quarter.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-the-boeing-co-nyse-ba-technical-analysis-strong"><strong>The Boeing Co. (NYSE: BA): Technical Analysis</strong></h2> 
<p>BA stock, at press time, is trading at $232.26, falling 1.88%; previous close and open were at $236.71 and $235.00, respectively. The 52-week range is from $120.99 to $243.10, hinting that a strong push could make the price fly. With an average volume of 5.80 Million shares, the market cap is $139.726 Billion.&nbsp;</p> 
<p>The trailing twelve-month (TTM) earnings per share (EPS) is reported to be negative $7.09, showcasing weak financials. Analysts placed a 2.67 rating for moderate buy and estimated a price target at $244.07 with an upside of 5.1%.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/71DfZo37eEi_Ty2PdZ4JLp_C1J_pMCzW3oggsLJ-5ytvgxQaXvbUK15lrMjN7ATTPb597f6dk65Ug0UNSo9kKZdWMnQVhM9p_E_FArkrXKVDmUEyIVlvyMps4-n4l1Sq5winMP0ldBUse7EvVpaAag" alt="The Boeing Co. (BA Stock) Facing Chinese Market Turbulence"> 
  <figcaption class="wp-element-caption"> <strong>Analysts Chart; NYSE: BA; MarketBeat</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Boeing reported its latest earnings on July 26, 2023, where the reported revenue of $19.751 Billion surpassed the expected value of $18.592 Billion by 6.53%. At the same time, the reported earnings of minus $0.82 per share also exceeded the estimated value of negative $0.911 per share by 9.95%. This positive report caused the BA stock to gain 15%.&nbsp;</p> 
<p>Compared to the previous quarter, revenue gained 18.40%, while EPS fell by 121.62%. The operating expenses gained 71.09% to $1.94 Billion, but the operating margin declined by 1.13%. Net income suffered by 177.20% to negative $149.00 Million, and the net profit margin declined by 164.66% to minus 0.75.&nbsp;</p> 
<p>The (TTM) revenue is $73.61 Billion, and the year-over-year (YoY) quarterly revenue growth is 18.40%. BA share price fell 1.80% a week but rallied 7.03% in a month, 20.37% YTD, and 37.20% in a year.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-the-boeing-co-nyse-ba-candle-exploration-strong"><strong>The Boeing Co. (NYSE: BA): Candle Exploration</strong></h2> 
<p>After forming a double bottom pattern since April 2022, <a href="https://www.thecoinrepublic.com/2023/08/02/boeing-stock-price-analysis-will-ba-stock-surpass-238-mark/" target="_blank" rel="noopener noreferrer nofollow">BA stock price </a>action began base formation from the beginning of 2023. During the rise in December 2022, the price also went through a golden crossover. When 50EMA crosses the 200EMA from below, it’s a golden crossover that bulges the momentum for the long term.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/qS4keJ7m3W_d-FXiNL5FZVZesThbjmAePqclVlLv2gtyAydEmwUNQCckYOkLtodCioUOdcaEBWuHO6NKpNa7HSCh5nxT1OIEPMYgHmqMINz3DYEpung49MzihqfqjQQjeuVGRIRaYxUVbkTessujtg" alt="The Boeing Co. (BA Stock) Facing Chinese Market Turbulence"> 
  <figcaption class="wp-element-caption"> <strong>Candle Chart; NYSE: BA; </strong><a href="https://www.tradingview.com/chart/Z6vc2GHY/?symbol=NYSE%3ABA" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>Even though it broke out from the base with a gap, but is coming to fill it. It should bounce off immediate support at $222.32. Ascending 200EMA and 50EMA hints at a price jump, but the RSI at 56.36 suggests a drop. A bullish momentum could be seen if the price breaks through the selling zone.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer:</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

The Boeing Co. (BA Stock) Facing Chinese Market Turbulence

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