I was at work here at the office last Monday night when I heard about the Boeing 737 crash at New York's LaGuardia Airport. A nose wheel on the jetliner had apparently given way after a hard touch-down just after 5:30 p.m. (EDT), leading to a crash that injured about eight of the 150 folks on board.
"Uh-oh," I thought to myself. "Here comes another feeding frenzy."
The media have had a feeding frenzy at Boeing's expense ever since the tragedy in San Francisco, then the Dreamliner fire and the 737 crash. All it can talk about is the "continuing woes at Boeing." But don't be fooled, appearances can be deceiving.
I've been bullish on this aerospace giant for a while and even in difficult times, I doubled down. Its recent troubles are a thin veil over some great long-term fundamentals.
And its shares are set to soar...
The Boeing Co. (NYSE: BA)
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Don't Be Fooled by the Media, Boeing is a Buy
Stock Market Today: How Will Gold Follow Its Biggest Gain in a Year?
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The stock market today is flat in morning trading with investors focused on earnings and gold this week.
Today's stock market follows a mild day Monday as investors awaited earnings from Netflix Inc. (Nasdaq: NFLX) after the close, and a flood of earnings later in the week. But the S&P 500 Index still managed to eke out another record close
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