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3/25/15: Wall Street experts have been bearish on Boeing Co. (NYSE: BA) stock since oil prices started falling in July 2014. But that’s not a reason to sell the stock.
Boeing estimates global air traffic will increase by an average annual rate of 5% for the next 20 years is a major bullish sign. All told, Boeing expects the aircraft manufacturing industry to see $5.2 trillion in new orders over the next two decades.
BA has beaten earnings estimates by an average of 12.8% in each of the last four quarters. This quarter, the company is expecting earnings growth near 7% year over year. Revenue should climb 9.8% this quarter to $22.5 billion. BA stock is already up 16.4% in 2015.