Boeing: New 737 MAX Problem, Stock Down Despite Solid Delivery Performance

Dhierin BechaiInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryBoeing delivered 51 airplanes in February, with order and delivery values stable despite a new 737 MAX wiring issue.Year-to-date, BA’s net orders surged to 118, valued at $10.9 billion, up sharply from last year’s $2.1 billion.The 737 MAX wiring issue will impact Q1 deliveries but is not expected to affect full-year performance.I remain bullish on BA, citing resilient demand, healthy book-to-bill ratios, and long-term attractiveness despite macro and operational headwinds.Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » Aeon Aviation Photography/iStock Editorial via Getty Images The Boeing Company (NYSE:BA) stock has lost 6.7% of its value since my last report, underperforming the S&P 500’s 1.4% decline. Boeing reported its orders and deliveries in February, which showed strength, but amid broader pressure forThis article was written byDhierin Bechai23.28K FollowersFollowDhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.