How to buy Boeing stocks (2023) – invest in Boeing
Boeing is a globally renowned aircraft manufacturer. Do you think the stock will experience a significant rise in the near future? Then it can be interesting to buy Boeing shares. However, even when the stock price declines, it can still be attractive to invest in Boeing stocks. Don’t forget to examine the latest stock price before you open a position.
Do you have confidence in the economy and do you believe that the number of aircraft orders will increase in the future? Investing in Boeing by buying shares can be quite appealing. Below, you can see which an overview of reliable brokers you can use to buy Boeing stocks:
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What is the current stock price of Boeing?
Are you curious about the latest price developments of Boeing stock? Have a look at the graph below! You can find the current stock price of Boeing shares there. Additionally, you can use the buttons to open a position directly.
Company Information of Boeing
Below, you can find the key company information of Boeing.
Before deciding whether you want to buy or sell Boeing, it’s important to analyse the stock thoroughly. In the overview below, you can see how Boeing has performed over the past period.
Stock Prices of Boeing over the Last 5 Days
In the table below, you can see the stock prices of Boeing over the last 5 days:
What will the Boeing stock do in 2023?
Are you curious about what analysts think Boeing will do in 2023 and the following years? We have combined analysts’ forecasts using data from Alpha Vantage. Keep in mind that this figure is just a prediction of Boeing’s stock performance and may not come true.
What makes an investment in Boeing stocks interesting?
- Dominant position: Boeing is one of the largest companies operating in the aviation industry. The company produces commercial aircraft, military aircraft and even spacecraft.
- Strong backlog and future demand: Boeing has orders for multiple years, which provides the company with a stable source of income. The aviation industry continues to grow globally, and Boeing can capitalize on this trend.
- Technological leadership: Boeing invests heavily in R&D and advanced aircraft designs, materials, and systems.
- Military contracts: The global market for military aircraft grows rapidly, which offers further growth opportunities for the company.
- Volatility: Boeing’s performance is dependent on the global economic situation and the demand for flights.
- Regulation: Following issues with the 737 MAX, many aircraft were grounded. For Boeing to maintain success, it is crucial for them to comply with regulations and regulatory standards.
- Supply chain risk: Boeing relies on a complex global supply chain for the production of its aircraft and aerospace products.
- Competition: Boeing faces strong competition in both commercial and military aviation. Airbus is its most prominent competitor.
You can invest in Boeing shares through a stockbroker. Boeing shares are listed on the American stock market, which means you invest in dollars. Therefore, it’s important to keep an eye on the conversion costs when you use a different currency. In this overview, you can see which brokers you can use for your investment.
Once you’ve activated your investment account and deposited enough funds, you can invest in Boeing shares right away. Select the Boeing stock and enter the amount you want to invest. You can start investing in Boeing shares with as little as $100.
For long-term investors, a market order is often sufficient. However, if you wish to time your investment, you can use a limit order.
After you’re satisfied with your stock order, you can submit it to the stock exchange. Keep in mind that it may take a few minutes for the stocks to appear in your account.
What are the competitors of Boeing?
- Lockheed Martin
- Northrop Grumman
- General Dynamics
Boeing has a favourable position as it faces limited competition. In the aircraft manufacturing market, there is a duopoly: together with Airbus, they produce the majority of all aircraft.
However, this favourable position may not remain unchallenged. In China, they are trying to compete with the company Comac. Comac currently produces smaller aircraft for 90 and 156 passengers. At the same time, the Japanese companies Mitsubishi and Honda also produce small aircraft.
However, Boeing needs to be cautious of Airbus. Airbus has successfully launched the A320, a narrow-body aircraft that consumes less fuel than the Boeing 737 due to more efficient engines. Boeing sometimes seems to lag behind in terms of new developments. While Boeing primarily pays dividends to shareholders, Airbus develops new aircraft models. Before buying Boeing shares, it’s wise to see how Airbus performs.
Boeing also faces competition in the military market. Lockheed Martin and General Dynamics both produce military aircraft for the US military. Therefore, Boeing must continue to innovate to win new contracts from the military.
Investing in Boeing shares can be interesting as the number of flights worldwide continues to rise. Flying becomes more affordable for a larger group of people. This will lead to increased demand for new aircraft in the future. Greater demand is good news for Boeing as it can generate higher revenue.
However, it’s important to remember that Boeing shares are quite cyclical. Airlines, in particular, need to place orders for new aircraft, which they will only do when the economy performs well. If the economy is in a downturn and airlines face losses, they will be less likely to place new orders.
Since Boeing also produces equipment for the military, its performance is less sensitive to the economic situation. This makes it more attractive to buy Boeing shares.
Before you buy Boeing shares, it’s wise to analyse the economic situation. When you have confidence in the future, it might be interesting to invest in Boeing shares.
Some highlights from Boeing’s hundred-year history
In 2016, Boeing celebrated its 100th anniversary. The first aircraft of the company was the wooden Bluebill B&W, model 1. During World War I, Boeing built aircraft for the U.S. Army. In the 1930s, the demand for larger and more comfortable commercial aircraft increased significantly. Boeing developed the 307 Stratoliner, the first passenger aircraft with a pressurized cabin. In 1938, Boeing built the 314 Clipper, the largest passenger aircraft in the world at that time.
During World War II, Boeing produced the bombers B-17 and B-29.
After World War II, the demand for commercial aircraft continued to rise. Boeing developed the Boeing 707, the first commercial jet airliner. The Boeing 737 and Boeing 747, developed in the 1960s, became very popular. The Boeing 787 Dreamliner is a successful new commercial aircraft.
Boeing 737 Max
Investors in Boeing shares had no reason to complain from early 2017 until the first months of 2019, as the stock price rose significantly from $158 to $440 during that period. However, two accidents involving the Boeing 737 MAX brought an end to that spectacular rise.
These accidents had a negative impact on the stock price, which caused it to decline by over 15 percent on a weekend. As an active trader, you can respond to such situations with a short position.
Future of Boeing
After investigation, these accidents were found to be caused by a flaw in the Boeing 737 aircraft. Boeing works hard to solve the problem. Each month that the aircraft remain grounded and production is inactive costs a tremendous amount of money, estimated at one billion dollars per year.
One advantage, however, is that the competition is limited. Airbus’s order book is also full, and it’s not easy for airlines to source aircraft from elsewhere. If Boeing manages to resolve the issues, they will still be able to deliver a significant number of aircraft.
Boeing stock price continues to decline
The inventory of aircraft has become massive. Boeing is forced to halt production of the Boeing 737 MAX. The dismissal of the CEO of Boeing caused a slight increase in the stock price. However, shareholders have no reason to celebrate: by the end of 2019, the stock price was approximately $340 per share.
The stock price further declined under the influence of the COVID-19 pandemic. Airlines have been struggling due to the pandemic. They will be less likely to place new orders, and there is also a possibility of cancellations of existing orders. Therefore, when considering buying Boeing shares, it’s important to analyse the economic situation thoroughly, since the stock price of Boeing is strongly influenced by various conditions.
After the COVID-19 pandemic, the stock price has risen somewhat, but it will take a long time before Boeing reaches a new high on the stock market.
Is it wise to invest in Boeing stocks?
Investing in Boeing shares is not without risks. The competition from Airbus is strong, and Boeing also faces challenges in the military market. For example, they recently lost a contract for the development of the Joint Strike Fighter to Lockheed Martin.
Boeing’s financial position has been significantly weakened by the issues with the 737 Max and the COVID-19 pandemic. It may take a long time for Boeing to become profitable again, especially considering the company’s substantial debt. Buying Boeing shares is not suitable for investors who prefer to avoid risks.
Boeing, along with Airbus, dominates the aviation market. As the demand for aircraft increases worldwide, Boeing has established a strong position. This is evident from the full backlog and the many orders already in place. This means that Boeing can rely on a stable source of income in the coming years.
However, it’s always important to analyse the current situation. For example, the problems with the Boeing 737 MAX put pressure on the stock price. If the economy deteriorates, the number of new orders may also decrease. It is favourable that Boeing is also active in the military division, where increased defence budgets can further boost their revenue.
Ultimately, whether it is wise to buy Boeing shares depends on your personal outlook. If you believe that Boeing can continue to rise in the future, it may be interesting to buy Boeing shares.
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