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We recently published a list of Top 10 Stocks to Watch as Investors Brace for Recession. In this article, we are going to take a look at where Boeing Co (NYSE:BA) stands against other top stocks to watch as investors brace for recession.
Despite some optimism in the market after President Donald Trump’s indication of possible talks with China, Wall Street analysts are warning about recession risks due to the impending impact of tariffs and an overall decline in consumer sentiment.
Adam Parker, Trivariate Research CEO, said in a recent interview with CNBC that it’s “hard” to be bullish in this market because the impact of tariffs is yet to be reflected in companies’ earnings.
Parker thinks that in the coming days, earnings reports of many companies will begin to show that we are indeed facing an economic slowdown:
“You know there’s a difference between a growth scare and and then an actual growth slowdown I think in this case it is a growth slowdown I don’t know how much of it is yet and that’s where I think the challenge is but you can’t just say oh it’s an irrational growth scare that everyone has and it’s like an uncertain I think if you have a business with pricing power if you have a business that you know you can be okay. But there’s a lot of economically sensitive businesses we’re going to hear from next week and the week after if you think about how earning season typically unfolds where we may get guidance that isn’t quite as peachy as we’ve seen from you know the original guys in the banks and then some of the higher quality tech companies have reported.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks Wall Street is currently buzzing about. With each company, we have mentioned its hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A commercial jetliner parked at an airport, reflecting the companies success in aviation.
Boeing Co (NYSE:BA)
Number of Hedge Fund Investors: 52
Jim Cramer in a latest program on CNBC said that there are other better ways to gain exposure to the aerospace industry instead of Boeing Co (NYSE:BA).
“I just think that if we don’t respond correctly to help Boeing, instead of just picking them all the time—and the old regime did do some things wrong—then Boeing’s going to be a tough stock to own. But they do have a lot of cash. They don’t have great cash flow. I think it’s okay. I’d rather—I’m picking other ways to play aerospace now because Boeing seems to just have—it’s snake bit. What can I say.”