by Traders Reserve | January 27, 2014 2:21 pmJust a few weeks after my last update on Boeing (BA), I got more exciting news from the airplane developer. The company announced that it sold a record 648 jetliners last year, so it’s looking like Boeing will wear the crown of the world’s largest plane maker for the second year running. This was 8% more than Boeing’s total from 2012 and nearly 5% more than the 620 planes that rival Airbus hoped to deliver this year.
And Boeing looks ready to take off in 2014 as well. United Arab Emirates airline flydubai just ordered 75 737 MAX 8s and 11 737-800s from Boeing, totaling $8.8 billion.
India’s SpiceJet has also just agreed to order 42 Boeing 737 MAX, in a deal worth $4 billion. The fact is that airlines around the world are ordering new jets in record numbers and Boeing is one of the first places that these companies go to.
Looking ahead to Boeing’s next earnings announcement—scheduled for Tuesday, January 28—the company is headed towards 1.5% sales growth and 21.9% earnings growth. The double-digit earnings growth is expected to last through the end of next year as sales continue to pick up.
With analysts revising their consensus EPS estimates up by the week, it appears that the sky is the limit for Boeing. I recommend you buy BA shares.
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