A flying Uber car sounds cool, and we're definitely willing to try it out, but it's not going to make Money Morning readers any money.
Fortunately, we found a way for you to profit today from flying taxis....
The flying Uber car isn't expected to be ready until 2020, and Uber won't even be a publicly traded company until 2019 at the earliest.
But one publicly traded company is already ahead of Uber in the flying taxi sector...
"One company I've followed closely for decades just bought a startup focused on autonomous air taxis," Money Morning Director of Technology & Venture Capital Michael A. Robinson said on Oct. 18.
"And I believe that company is the single best way to play this emerging tech trend," said Robinson.
You wouldn't think a 100-year-old company would be interested in this new field, but this defense juggernaut just bought a startup in October that has already run tests for flying taxis.
In fact, one brokerage firm projects the stock price for this company will climb 22% in the next 12 months, according to FactSet. That estimate could be conservative now that this company is set to beat Uber into the flying car sector.
The profit opportunity isn't even counting the $1.42 dividend it pays, which is a yield of 2.13%.
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Here's exactly how to profit...
How to Make a 22% Gain on Flying Cars Right Now
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The way to profit from flying cars right now is Boeing Co. (NYSE: BA).
Boeing acquired Aurora Flight Sciences, a Virginia startup that builds unmanned vehicles for commercial and military use, on Oct. 5.
Aurora just completed its first test flight, in April, of its LightningStrike XV-24A Demonstrator Craft, a vertical takeoff and landing craft (VTOL).
The vehicle is 325 pounds, but the company plans to test a 12,000-pound, full-scale XV-24A when the kinks are worked out in the smaller version.
"Boeing's exposure to the commercial, military, and space markets brings a strong and profitable platform," Robinson said.
"And its early push into autonomous air taxis is just one of the ways the firm plans to bring even more gains to investors in the future," said Robinson.
In addition to the future revenue Aurora Flight Sciences will bring Boeing, it also has billion-dollar contracts rolling in for its current vehicle lines.
Recent deals include:
- A $1.3 billion deal with Ethiopian Airlines for four large cargo planes, on Nov. 14.
- A $37 billion deal with China Aviation Supplies Holding Co., on Nov. 9
- A $13.8 billion deal with Singapore Airlines, on Oct. 23
That's all just within the last month.
Deals like this have analysts bullish on the BA stock price, with one projecting it will climb to $325 in the next 12 months. From yesterday's (Nov. 27) opening price of $265.38, that's a potential profit of 22.46%.
We don't know Aurora's revenue, because it was a private company, but Robinson believes Aurora is only going to help the BA stock price climb.
"If you hope to hail an air taxi someday, you better start planning now. And one of the best ways to start piling up big gains that you can put aside for just that big ride is Boeing," said Robinson.
You Know What Happens Next... Some of the biggest investors in the world are quietly moving money into a fast-growing sector. Warren Buffett is in for $15 billion and has another $15 billion waiting for the right moment. Bill Gates is fully on board with billions on the line. When that kind of money moves in early, you know there are fortunes to be made. See where the big money is headed, right here.