Should You Invest in Boeing Again?
@Profitable Investing Tips:
In 2019 when Boeing was still flying high, we wrote about why to invest in Boeing. We noted that Airbus and Boeing controlled 80% of the commercial aviation market and Boeing was a major defense contractor. Then the crashes of two 737 MAX jets due to a faulty autopilot happened and Boeing stock fell. At the end of 2019 we were asking how bad will it get for Boeing? The stock had fallen by a fourth. Then things went from bad to worse when the Covid-19 pandemic hit and Boeing stock fell by another 69%. Its post-pandemic recovery was mostly wiped out when the Fed raised interest rates to figh