Show Me the Money! 30 June, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
The Boeing Company (BA) and the US Federal Aviation Administration started running test flights of the company's troubled 737 MAX aircraft yesterday seen as a critical step to getting the planes up in the air again after two crashes in November 2018 and March 2019 that killed 500 people.
Boeing shares surged 5.5% in premarket trades yesterday, and closed almost 13% higher at $192, but the question is where is the music. Even though the lengthy investigation saga, hopefully, may be over, there would hardly be any buyers given the precarious state of the air carriers business. As such at the current price level Boeing is an obvious sell and even short sell, no matter how great holdings of this stocks are among the most popular pension and insurance funds.
Following our story of the day about questionable recovery of The Boeing stock, yesterday the CEO of Airbnb, a well-known private sector tourism aggregator, said Travel will never be the same again.
"It often takes months to see the transformation that will take place over decades," said Brian Chesky. He predicted that in the future, vacation travelers will prefer to stay closer to home, largely restricting their travel to locations that are within a car ride distance, and national parks would become even more popular destinations.
"I think we will soon see that travel becomes more individual and more local," he said, citing Airbnb data that shows that nationwide travel is gradually recovering while international tourism is still knocked down. People are not getting on airplanes, they’re not crossing borders, they’re not meaningfully traveling to cities, they’re not traveling for business.
All of this makes us very critical of any speculations about possible recovery of airlines, cruise ship owners, and aircraft manufacturers.
The Boeing Company (BA) and the US Federal Aviation Administration started running test flights of the company's troubled 737 MAX aircraft yesterday seen as a critical step to getting the planes up in the air again after two crashes in November 2018 and March 2019 that killed 500 people.
Boeing shares surged 5.5% in premarket trades yesterday, and closed almost 13% higher at $192, but the question is where is the music. Even though the lengthy investigation saga, hopefully, may be over, there would hardly be any buyers given the precarious state of the air carriers business. As such at the current price level Boeing is an obvious sell and even short sell, no matter how great holdings of this stocks are among the most popular pension and insurance funds.
Following our story of the day about questionable recovery of The Boeing stock, yesterday the CEO of Airbnb, a well-known private sector tourism aggregator, said Travel will never be the same again.
"It often takes months to see the transformation that will take place over decades," said Brian Chesky. He predicted that in the future, vacation travelers will prefer to stay closer to home, largely restricting their travel to locations that are within a car ride distance, and national parks would become even more popular destinations.
"I think we will soon see that travel becomes more individual and more local," he said, citing Airbnb data that shows that nationwide travel is gradually recovering while international tourism is still knocked down. People are not getting on airplanes, they’re not crossing borders, they’re not meaningfully traveling to cities, they’re not traveling for business.
All of this makes us very critical of any speculations about possible recovery of airlines, cruise ship owners, and aircraft manufacturers.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。