Boeing is 'not out of the woods,' much riskier than Caterpillar: Trader says $BA $CAT (via TradingNation)
Experts see much more risk ahead for one stock than the other.on Wednesday. "They have, actually, a few things that could still act on their stock negatively more than positively at the moment."and exposure to the U.S. trade dispute with the European Union pose an outsized threat to its stock, she said.
Add to that the seemingly weakening economic layout, and this environment doesn't bode well for Boeing or Caterpillar, Sanchez said. Mark Newton, longtime technical analyst and founder and president of Newton Advisors, is also a Boeing bear. "Getting under [$320] would be a larger negative" for Boeing, Newton said, adding that the stock is still in recovery mode after an overbought rally that took it from around $100 in early 2016 to around $450 early last year.
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