Boeing looks like a 'survivor' among beat-up aerospace and air travel stocks, portfolio manager says $BA (via TradingNation)
The aerospace company is set to report earnings before the bell in one of the most closely watched releases of the industrial stocks.
Analysts anticipate a second-quarter loss of $2.57 a share, narrower than the $5.82 loss a year earlier when the company was grappling with itsWhile still dealing with 737 Max issues, Boeing now must contend with a slowdown in the global economy and a sharp drop in air travel demand tied to the"The air travel industry is having some issues," Steve Chiavarone, portfolio manager at Federated Hermes, told CNBC's" on Tuesday.
"We're stuck between gap resistance up around $250, and then sort of minor support which is holding which is constructive at $170. So it's kind of in no man's land here," Gordon said during the same segment.
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