Can Boeing Continue This Bullish Run?
T = Trends for a Stock’s Movement
Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corporation.
On Saturday, Boeing’s 777 jet crashed in San Francisco, but luckily, the plane had several built-in safety features that helped save lives in the accident. One of the greatest features of the 777 jet is a flame-retardant cabin, and engineering that ensured the plane wouldn’t break up too much after the impact. For now, it doesn’t appear as though any mechanical failure caused the crash, which is good news for Boeing after the safety issues that have plagued the company’s other aircrafts this year. As a leading provider of aerospace products and services to large corporations, not to mention the U.S. government, look for Boeing to continue to advance and develop this space and fuel aerial progress.