3 Ways Boeing Shares Can Lift Buy-And-Hold Portfolios

boeing ways shares hold portfolios
Middle East

3 Ways Boeing Shares Can Lift Buy-And-Hold Portfolios

SummaryGiven the importance of the company for the U.S. economy, Boeing stock gets significant investor attention. BA stock is up over 3% so far in 2021, but 20% off the highs seen in March It's been a turbulent three years for Boeing, and the road to price recovery is unlikely to be smooth 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. Still, commercial airliners are not its primary business. Rather, three main segments contribute to Boeing’s :Commercial airplanes (about 28.1%); Defense, space and security (about 47.2%); Global services (about 24.7%). This segment focuses on “supply…