BA stock: Boeing Rips Higher - It's in a Full-Blown Breakout

March 13, 2021

Here is the article. 

Here are highlights:

1. March 12, BA up over 6%
2. 20% this week
3. LUV and RCL push higher as vaccinations increase
4. new orders to surpass cancellations
5. February 2021 is the first month to prove that 
6. Check a few more links in the article 

Boeing  (BA) - Get Report shares were ripping higher on Friday, up 6%. The stock continues to ride a wave of momentum, now up more than 20% this week.

On the one hand, the reopening trade is alive and well. Airline stocks like Southwest Airlines  (LUV) - Get Report and cruise stocks like Royal Caribbean  (RCL) - Get Report continue to push higher as vaccinations increase and the U.S. inches toward fully reopening.

On the other hand, Boeing is looking to bury a horrendous year and get its business back on track.

That starts with getting its new orders to surpass cancellations, something it did in February for the first time in 15 months.

Then a 737 MAX deal with Southwest put investors in a good mood a few days ago. Another order for 24 737-8 Jets on Friday is the inspiration for Friday’s rally.

Riding hot off General Electric’s  (GE) - Get Report deal with AerCap, Boeing stock is back.