Homepage / Investment / A surprising stock is leading the Dow this year
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Enjoy the many benefits of the meet asian singles app – test it today Hướng dẫn chơi slot game tại casino HappyLuke HappyLuke Casino Trực Tuyến Get prepared to have the full time of one’s life The Remarkable Globe of Tarot Card Reading Cards Numerology Calculator by Day of Birth: Taking Advantage Of the Power of Numbers Discover Numerology Name by Day of Birth Free Psychic Analysis Online: Your Key to Insight and Assistance Are Tarot Cards Evil? Play 22,546+ Casino Slot Demo Games Водка БЕТ Казино официальный сайт и зеркало Vodka Casino Find your perfect match with quick hookup near me Top 7 Best Lesbian Cougar Internet Dating Sites in 2022 ◉ Sugar Daddy Ireland: Seeking Sugar in IE | SugarDaddySeek Online Kasino & Sportovní Sázení Oficiální Web Melbet Bonusları: Türk Oyuncular İçin En İyileri Roulette In Italiano Situs Slot Judi Bola Casino Online PutriJP Bagaimana Cara Memainkan Slot? 9 Kiat Terbaik Provider Permainan Kasino & Slot Online Terbaik Pragmatic Play Pragmatic Play Slot Mainkan Demo Gratis best name for boy 4718 best name for boy 2378 Purchase Lyrica Online Safely and Discreetly Do Any Kind Of Online Casinos Approve Bitcoin? Free Dime Slots Online: Your Ultimate Overview to Playing and Winning Ideal Online Casinos that Approve Mastercard Deposits The Safest Online Online Casino: Making Certain a Secure Gaming Experience No Wagering Casino Incentives: A Game-Changer for Online Gaming DMSO Cream: A Functional Solution for Various Ailments Exactly How to Decrease High Blood Pressure: A Comprehensive Guide Top Online Casinos that Approve Neteller Deposits Online Gambling Establishments Accepting Mastercard: A Comprehensive Guide Finest Mobile Online Casino Site: The Ultimate Overview Live Casino Site Online: The Ultimate Overview The Power of Psychic Analyses Bier Haus Fruit Machine Online Free: A Fun and Thrilling Experience Why Do Blood Vessels Look Blue? What is Mometasone Furoate Cream Made Use Of For? Open the Keys of Numerology with a Free Numerology Calculator The Ultimate Overview to Online Tarot Card Readings Numerology Calculator: Opening the Mysteries of Figures Opening the Keys of Online Free Tarot Analysis Online Online Casinos with Neteller: A Convenient and Secure Settlement Option Online Gambling Enterprises That Accept Bitcoin: A Comprehensive Overview A Guide to Finding Online Casino Bonus Money Opening the Mysteries of Psychic Card Analysis GIS Support Top-3 kasyna online na prawdziwe pieniądze w Polsce 7slots ile En Ýyi Slot Eðlenceleri ve Ödüller Resting around: From Chaucer to Castro | Life and magnificence | Intercourse Story: The Mom Giving Nudes From a cafe or restaurant Restroom Reasons Behind the Increase in Sex Shops Официальный сайт букмекерской конторы 1Вин 1win Team Россия Результаты, расписание матчей календарь игр Dota 2 The International 2024 Киберспорт Чемпионат Christchurch Casino facing money-laundering allegations Otago Daily Times Online News Best NZ Online Casinos 2024 Top Real Money Online Casinos Los mejores casinos online en Argentina 2024 mostbet Verimli Açýlýþ Hediyesi! mostbet En Büyük Fýrsatlar Sizinle! Get started now and revel in the many benefits of adult hookup dating TITRE II : JEUX D’ARGENT ET DE HASARD, CASINOS Articles L320-1 à L324-16 TITRE II : JEUX D’ARGENT ET DE HASARD, CASINOS Articles L320-1 à L324-16 Азино777 на деньги ️ Играть в игровые автоматы казино онлайн Mostbet-az90 Qazanmaq Kazinoda və onlayn mərclərdə Azərbaycan Online Dating Is Damaged. Can The Metaverse Fix-it? Enjoy the many benefits of on line dating with your rich people dating website Jogo do aviãozinho: o que são as apostas de cassino e como PL aprovado pode legalizar prática? what to anticipate from an asian chatroom Online Turnkey Casino and Gambling Software Platform CasinoEngine What makes a gay daddy chat room unique? Get ready to chat and flirt with sexy singles Аудиокниги на английском языке топ лучшей литературы по теме Читайте и слушайте онлайн на MyBook Как делать ставки на сайте российского букмекера 888 ru: инструкция Get ready for exciting and fun local hookup chats Benefits of joining a couples seeking third person dating site Start your search now and meet your perfect match for nearby hook ups What makes interracial dating in buffalo unique? La Females Dating: Call Cute Ladies Trouble-Free Get prepared the ultimate asian hookup experience things to look for in a gay sugar daddy website 10 Most Readily Useful More Mature Females Hookup Sites – Victoria Milan Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia 1xSlots Partners: здесь твой трафик будет дожат Обзор ПП от прямого рекламодателя онлайн-казино 1xSlots Winning Tips for Live Roulette at 1xSlots PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal Nasıl kumarhane başari bet casino çevrimiçi seç müşteriler2024’te Get started now – find the perfect hook up site for couples PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal Ways to get Laid in Abu Dhabi – where you should get and Date women Зеркало Casino — Доступные фриспины, игровые слоты джекпот Đại lý mua bán thẻ cào Gate: Thẻ Game Online, Thẻ Mobile, Thẻ Gate Coin Price Forecast How Accurate Are Their Predictions?

Investment

A surprising stock is leading the Dow this year

Far from being a hot tech stock, the best-performing stock in the Dow Jones industrial average this year is a stalwart that action-seeking traders may not think about too much: Boeing.

Year to date, Boeing shares have surged 32.5 percent. Over the past year, the aircraft manufacturer has enjoyed a 56 percent rally, making it tops out of the Dow 30 in that time frame as well. The overall index has risen by 8.3 percent and 17.5 percent in those periods, respectively.

With a 3.9 percent rise in the past week, and 1.1 percent jump on Tuesday alone, Boeing reached an all-time high.

The stock’s rally has come as airplane orders and earnings numbers have impressed. The stock has also been helped by market expectations, following Donald Trump’s win, that defense spending would rise and that the pace of global growth would increase.

But on the whole, Wall Street analysts are not too optimistic. The median target price on the now-$206 stock is $200, and the average rating is hold.

Canaccord Genuity analyst Ken Herbert, who pairs his hold rating with a $170 price target, argues that just holding on is the right thing to do for this high-flying stock.

“You’ve still got a dividend that’s yielding about 3 percent, it looks like economic improvement coming, you’ve got defense improving,” Herbert said Tuesday on CNBC’s “Power Lunch.” There are “some concerns longer term about the free cash flow upside. But, there’s a nice floor on the stock because of the dividend and the current cash flow.”

“Clearly the stocks had a big catch up here in the last few months, especially since the first of the year, but I’m not chasing Boeing at these levels,” Herbert added.

The company is set to report earnings before the bell on July 26, and according to portfolio manager Dennis Davitt of Harvest Volatility Management, investors in the stock appear to show an interest in protecting their profits ahead of the news.

“The options on it are very expensive — and they should be expensive, because if you own Boeing, you have money to spend on insurance. So we’re seeing a premium in the options going into earnings,” Davitt said Tuesday on “Power Lunch.”

“The options market is saying it’s a great stock, hold onto it, but buy some insurance on it — and a lot of people seem to be doing that,” Davitt added.

The Dow is somewhat lucky to have had Boeing lead the way. The Dow is a price-weighted index, meaning that a stock’s impact on the overall group is proportional to its share price. Boeing came into the year as the fifth-highest-priced stock in the index, meaning it has had a much more profound effect on the Dow than if it would have had the shares simply been trading at a lower price.

Coming in behind Boeing on the Dow leader board this year are McDonald’s and Apple, with 27.3 percent and 26.7 percent rallies, respectively. The worst performer is Verizon, which is down 19.7 percent.

Source: Investment Cnbc
A surprising stock is leading the Dow this year

Comments are closed.