XLI Jul 2020 70.000 call

OPR - OPR Delayed Price. Currency in USD
1.4400
0.0000 (0.00%)
As of 3:54PM EDT. Market open.
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Previous Close1.4400
Open1.5600
Bid0.0000
Ask0.0000
Strike70.00
Expire Date2020-07-17
Day's Range1.1000 - 1.6100
Contract RangeN/A
Volume49
Open InterestN/A
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    This year has been a difficult one so far for investors in Boeing (NYSE:BA). Year-to-date, BA stock is down about %63. Now that the earnings season is behind us, investors are wondering if it may be an opportune time to buy.Source: Shutterstock Due to the COVID-19 pandemic, the story of tourism, air travel and the aviation industry has become a painful one. For example, as of April, air travel in the U.S. is down 95% from a year ago. And we do not yet know when air travel, especially international travel, may start fully again.Therefore, if you are not yet an investor in BA shares, you may want to wait several more weeks to have a better appreciation of when especially global air travel may restart. Long-term investors with a 2-3 year horizon may consider investing in Boeing stock if it declines further, especially toward $110 or below.InvestorPlace - Stock Market News, Stock Advice & Trading Tips BA Stock and Q1 EarningsBoeing is our biggest manufacturing exporter, offering commercial planes, defense systems, software and services. After Lockheed Martin (NYSE:LMT), it is also the second-largest defense contractor in the world based on revenue. * 7 Stocks to Buy That Have Nothing But Upside In Their Future On April 29, the aviation giant announced its first-quarter results that showed revenue of $16.9 billion. GAAP loss per share was $1.11 or core (non-GAAP) loss per share came at $1.70. These results primarily reflected the negative impacts of the COVID-19 pandemic as well as the 737 MAX grounding that followed the two fatal accidents of 2018 and 2019.Bowing reported revenue in three main segments: * Commercial Airplanes (about 37% of revenue); * Defense, Space & Security (about 36% of revenue); * Global Services (about 27% of revenue).CEO David Calhoun said, "The COVID-19 pandemic is affecting every aspect of our business, including airline customer demand, production continuity and supply chain stability."Understandable liquidity concerns have been at the forefront too. The group burned through $4.7 billion in cash during Q1. As of the end of 2019, it had around 160,000 employees. Management highlighted plans to cut payroll by about 10% through both voluntary measures and involuntary layoffs.Finally, InvestorPlace readers may remember that the group has already axed dividends and stopped share buybacks. Therefore, passive income seekers are unlikely to return to Boeing as a reliable dividend investment any time soon. I expect it will be at least several quarters before the Board would even re-consider dividend payouts or share buybacks.In case of further supply or delivery questions, Q2 results can also pretty dismal. Can Boeing Stock Recover Soon?Boeing stock started 2020 around $330. At the time, the Street was wondering whether the shares could re-test the all-time high of almost $450 it had seen in March 2019.However, on March 18, 2020, BA stock saw a 52-week low of $89. Now it is hovering at around $120.Boeing's business for the rest of the year has been deeply impacted by the developments on the health and economic front. For example in an April update, Boeing said that customers have canceled 150 of the 737 Max planes. In comparison, during the last quarter of 2019, it had delivered 79 airplanes.Yet Boeing is no ordinary company. It has an undeniable importance to our economy and the aviation sector.In mid-March, President Trump said, "I think we have to protect Boeing."On March 27, he signed the economic stimulus legislation, called the CARES Act. Although Boeing is not specifically mentioned in the aid package, the bill sets aside $17 billion for "businesses critical to maintaining the national security."However, at this point, we do not have the full details of a potential bailout for Boeing.On the other hand, it is likely that an upcoming rescue deal has already been factored into the recent increase in the Boeing stock price. In the past few days, broader markets have been losing steam. They are in part reacting negatively to comments from Federal Reserve Chair Jay Powell. And there may soon be further profit-taking in broader markets. Then I'd expect BA shares to come under pressure, possibly until the next earnings report that would be expected in July. Investor Takeaway on Boeing StockThe steep decline in air travel levels may continue to adversely affect Boeing's revenue, profit, and cash flow. And it will likely drag on the earnings as well as the BA stock outlook, too. There is no doubt that the group is facing an extremely important crisis.Although I expect the Dow Jones Industrial Average member to eventually weather the adverse effects of both the pandemic and the MAX fallout, it will likely take several quarters for Boeing stock price to stabilize. In the coming weeks, I expect range-trading, between $100 and $125.If you already own Boeing shares, you may want to wait and ride out the choppy waters. Alternatively, you may consider initiating an ATM covered call position, for example, with a one- or two-month horizon. A June 19- or July 17-expiry covered call would decrease the volatility in your portfolio, offer some downside protection and also enable you to participate in a potential up move.Finally, those investors who would like some Boeing stock exposure but are nervous about the prospects for the year may consider buying into an exchange-traded fund (ETF) that has the stock as a holding. Examples such ETFs would include the Industrial Select Sector SPDR Fund (NYSEARCA:XLI), the SPDR Dow Jones ETF (NYSEARCA:DIA) or the Vanguard Industrials ETF (NYSEARCA:VIS).Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, she did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post It Will Be a Very Long Road to Recovery for Boeing Stock appeared first on InvestorPlace.

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    Are we having fun yet? These are turbulent times on Wall Street, so today's write up is a little different than most. But first, it is imperative that we acknowledge that this virus pandemic is extremely tragic and our thoughts go out to those who are affected by it. I am confident that just like the flu, our medical professionals will get it under control. The discussion for any equities has to start by acknowledging that the stock markets crashed twice this week and today it's Friday the 13th, so we may not be done yet. Thursday alone delivered a drop of 10% in great stocks like 3M (NYSE:MMM).Source: JPstock / Shutterstock.com Even the Russell 2000, which is a basket of 2000 stocks, fell 11% just yesterday. In total they are down 34% from the highs, so needless to say that Wall Street is in full panic mode.They are selling everything and blaming the coronavirus from China for the damage. I suggest that the way we reacted caused more of the financial damage than the virus. Do not mistake this statement with the human losses, those carry the highest cost, but the discussion here is to ascertain stocks' value versus the financial threat. For example, last night, we learned that even the happiest place on earth will close starting this weekend. For example, Disney (NYSE:DIS) announced that is is closing its California parks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Expect Big Swings On Wall Street Amid Rising FearUncertainty is almost at record highs as the VIX is over 70, so we must expect the unexpected. Mathematically at these levels markets expect a +/-4% move any day.These are levels we haven't seen since the 2008 financial crash. Back then we had almost all global banks near imminent collapse and many of them actually died. Now we are dealing with a flu that all experts are confident they will control with a vaccine this year. Luckily, the total number of dead has remained low considering what could have happened, albeit one death is too many. This is extremely tragic but nowhere near the tragedies that happen every year from the regular flu. * 7 Earnings Reports to Watch Next Week This is all to say that this too shall pass and that we need time to come to terms with this new version of the threat. But what could fix stocks overnight is a "V" bottom -- "V" for vaccine. Sentiment is the real problem for stocks and it's horrendous, so people need a reason to flip. If we can learn of a tangible schedule for a vaccine arrival then we can look at this threat from a different perspective.Until then, the smart investors search for great stocks that have been beaten down to levels that warrant attention. And that classification certainly applies to MMM stock. Why MMM Stock Is a Buy On the DipSource: Charts by TradingView The industrial sector was riding high until February when it fell off a cliff. This correction has so far exceeded the 2018 Christmas crash and much faster this time. The Industrial Select Sector SPDR Fund (NYSEARCA:XLI) is down 36%, but MMM stock is down 50% already from its highs. These are scary statistics, but therein lies the opportunity. Once all the madness abates, 3M will still have a real business. The stock yields almost 4% in dividends, which is more than alternative investment vehicles. Part of this Wall Street tizzy stemmed from the collapse in U.S. bond yields. So the 4% that 3M pays is even more attractive than before and it will bring buyers.If a stock is down, it doesn't mean it's necessarily cheap. Fundamentally, it still sells at an 18.8 price-to-earnings ratio and almost three times sales. So if the market-wide selling persists, this one could have more bad days ahead of it as well. Meanwhile, smart investors do not seek to find the perfect bottom. In this case, we have enough data to tell us that near $130 per share, the stock has entered a support zone with emphasis on the term zone. When the VIX is this high, there are no hard lines in the sand. It's hard to count on one line to act as support because daily price ranges are too wide. Caution Is Warranted for Technical and Economic ReasonsMMM stock has defended the $125 area hard since 2013. Furthermore, it has now been cut in half from its all-time high of 2018. Nevertheless, since there's still so much uncertainty, investors must be humble with their assumptions. I am fairly confident of my opinion, but I have to leave room for the possibility that markets might disagree with me for a little bit longer. So taking full size positions at once is reckless.In addition, there is a technical threat. Once 3M lost $158 for share, it triggered a bearish pattern that targets the $100 mark. Whether it fills the entire potential lower or not depends on sentiment on The Street. These are unprecedented times and only once before has 3M's relative strength index (RSI) been this low. All the signs point toward the fact that we are near bottom. Keep in mind that we remain in headline mode and everyday politicians around the world are shutting down businesses in panic. So it is inevitable that companies will have to revise their forecasts.Stocks will fall on those headlines.This madness has to stop, but we need more data on the virus before people can relax a little. To that end, the best sample comes from South Korea because they have done the most testing. I contend that all other ratios are wrong because they use wild estimates. It is impossible to state a ratio without an accurate denominator. Eventually cooler heads will prevail, but unfortunately we've already caused tremendous financial damage on a global scale. We will likely get negative GDP reports soon, so may have already self inflicted a recession.Stocks like 3M are crashing from no fault of their actual fundamentals or executions on plan. They are caught in this panic storm over a virus that has yet to prove itself as deadly as feared. Unfortunately, only time will tell if this reaction is warranted or not. Until then, stay healthy and be patient and take small bites.Nicolas Chahine is the managing director of SellSpreads.com. Join his live chat room for free here.  As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks to Sell as We Enter a Bear Market * 4 Energy Stocks Paying Jaw-Dropping Dividends * 3 Stocks to Buy That Will Dodge Any Volatile Market The post Why 3M Stock Is a Buy On the Coronavirus Dip appeared first on InvestorPlace.

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