3 Ways Boeing Shares Can Lift Buy-And-Hold Portfolios
- Date: 22-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
3 Ways Boeing Shares Can Lift Buy-And-Hold Portfolios
Shares of aviation giant Boeing (NYSE:) are up 3.2% so far this year. By comparison, the is up 12.8% YTD.
There are a number of solid reasons to own the Chicago-based company's stock: it's the world’s largest aerospace and defense company, and has a market capitalization of $121 billion; After Lockheed Martin (NYSE:), it is the U.S. Defense Department’s second largest contractor.
However, recently Boeing has been struggling with production issues and a weak jetliner market. In 2018 and 2019, its commercial business took a significant hit following two fatal accidents involving its 737 MAX. And then came the pandemic, which saw the demand for air travel and, thus, commercial planes fall significantly.