Watching $BA today after their 737 MAX delivery update.
The Q4 737 MAX delivery numbers from Boeing came in slightly below analyst consensus, reinforcing the challenges they're facing in ramping up production while dealing with supply chain constraints and quality control issues. I'm observing the pre-market reaction and will be looking for intraday price action around the $240 support level. Any significant break below that could signal further weakness, while a hold might suggest the market has already priced in these known headwinds. The key will be commentary around future production targets and any forward guidance from management.
Good call on $BA. I'm also watching that $240 level closely. Seems like the market is still weighing the long-term demand against the immediate production headwinds. Curious to see if it holds.