Despite the ongoing 737 Max issues and a decimated customer base, Boeing (BA) has already rallied back to $200 from below $90. Sure, the stock has a 52-week high near $400, but the airline no longer has any new commercial passenger jet orders after seeing their backlog as constrained due to production limits.Boeing has borrowed the money to survive the near global shutdown of air travel, but the company has a very weak customer base here. Without a substantial rebound in passenger travel, the aircraft manufacturer could see the backlog plunge in coming quarters in a negative sign for the stock.As far as the troubled aerospace giant's verdict on the Street, it is a toss-up among analysts. Out of 21 analysts tracked by TipRanks in the last 3 months, 9 are bullish on Boeing stock, 11 remain sidelined, and 1 is bearish. The stock’s consensus target price stands at $18.83, which...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]...
Sean Hennessey, Assistant Professor at NYU's Tisch Center of Hospitality, joined Yahoo Finance's The Final Round to discuss how the hospitality has been faring since the COVID-19 pandemic and what the road to recovery will look like for the industry. ...
In this article we will check out the progression of hedge fund sentiment towards GrowGeneration Corp. (NASDAQ:GRWG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]...
