For the first two months of the second quarter Boeing (NYSE: BA) was on fire. BA gained significantly during that time, but then the company announced a delay in their much-awaited DreamShip -- a delay that opened the door for the airlines to cancel orders. Speculation based on that scenario slapped the stock back down to the flat line for the second quarter.
Unfortunately, the news does not get better for Boeing. There is too much capacity in the airline space, and new planes are not needed.
I would be a seller of Boeing today.
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