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Boeing (#BA) stock is currently trading at $235 and looks primed to take-off!
Last month, the aviation company reported Q1 earnings and left investors feeling mixed. They announced Q1 Non-GAAP EPS of -$1.53 (misses by $0.46) and revenue of $15.22B (-10.0% Y/Y).
But is the light at the end of the tunnel? Commercial airplane deliveries are up +54% and defense revenues also grew. To top it all off, they have a backlog of $364B, which is more than double the current market cap of $133B. Things are only looking up from here!