Boeing Stock Forms Rare Bearish Flag as Earnings Loom: Will It Drop Further?

Directly affected

• BA Boeing-10.5%

  Named in this report.

Indirectly affected

• SPR Spirit AeroSystems

  Spirit builds Boeing fuselages, so a Boeing aircraft story reaches this supplier

• GE GE Aerospace-10.1%

  GE Aerospace supplies and competes in commercial aircraft engines

• DAL Delta Air Lines-3.8%

  Delta flies the 737, so a Boeing aircraft story reaches its fleet

• LMT Lockheed Martin+14.2%

  Lockheed Martin is a defense and aerospace peer

• HWM Howmet Aerospace-18.2%

  Howmet supplies parts used on commercial and defense aircraft

• RTX RTX-2.2%

  RTX competes in aircraft engines and defense systems

• UAL United Airlines+1.0%

  United flies the 737, so a Boeing aircraft story reaches its fleet

• NOC Northrop Grumman+5.1%

  Northrop Grumman is a defense and aerospace peer

• TDG TransDigm-0.5%

  TransDigm supplies aircraft components to Boeing and the airlines

• AAL American Airlines

  American flies the 737, so a Boeing aircraft story reaches its fleet

Price reaction, T-5 to T+3

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.