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We are looking at Boeing (BA) today.
Why Boeing (BA) stock fell today?
The news is that airlines have gradually started to cancel their 737 Max orders, which means the company will have a tough time moving its already 400 manufactured planes. This corporate crisis is much deeper and lingering longer than most investors had previously expected.
Moreover, a 52-page report is expected to get released on Wednesday by the U.S. Department of Transportation's Office of Inspector General (IG) to outline what has gone wrong during the certification process of 737 Max jets that ended up causing two fatal crashes.
Boeing's story is a perfect reminder to investors that corporate crises last much longer than we all expect. There is no rush to buy the dip. True dips are extremely painful. True dips are hard and agonizing, and they typically take longer than expected to recover. This means to generate an outsized return from a stock dip, and you need to be extremely patient. Visit Boeing's Stock Card to review the 737 Max's impact on the company in more detail.
Investing in companies such as Boeing takes patience. If you choose to invest in it to benefit from its lower historical price, you need to have a long-term horizon as part of something like a retirement account with decades of waiting time. Personal Capital is an excellent platform we came across to manage your long term goals. Check it out: