Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

The Boeing Company (BA) Shares Get Some Irish Spring

The S&P 500 (INDEXSP:.INX) declined by roughly a quarter of a percentage point today — its first loss of the month. However, the narrower, price-weighted Dow Jones Industrial Average (INDEXDJX:.DJI) did manage to extend its March winning streak — by a hair’s breadth — with a 0.02% gain. The Dow’s eight-day streak is the longest since February 2011. For a discussion of the potential significance of winning streaks, let me refer you to yesterday’s column.

Consistent with a decline in the broad market, the VIX , Wall Street’s fear gauge, dropped 6% to close at 12.26. (The VIX is calculated from S&P 500 option prices and reflects investor expectations for stock market volatility over the coming 30 days.)

The Boeing Company (NYSE:BA)The Boeing Company (NYSE:BA) shares aren’t levitating
I have been marveling at the resilience in Dow component The Boeing Company (NYSE:BA)‘s share price since the beginning of the 787 Dreamliner crisis, which began with a fire at Boston’s Logan airport in early January. See for yourselves:

BA Chart

BA data by YCharts.

The Boeing Company (NYSE:BA)’s stock is actually beating the market — in a rallying market, no less! Let me remind you that regulators worldwide grounded the Dreamliner — The Boeing Company (NYSE:BA)’s “next generation” flagship aircraft — on safety concerns after a series of incidents that originated with the plane’s lithium-ion batteries.

Perhaps the share performance isn’t simply the product of rose-tinted glasses after all. This morning, the Irish Independent reported that low-cost airline Ryanair has placed a massive $18 billion order for 200 787s. According to the report, President Obama and the Irish prime minister, Enda Kenny, are set to confirm the order next week. On the back of this news, The Boeing Company (NYSE:BA) shares rose almost 1.5% today, to close at $84.16 — their highest closing value since November 2007. I continue to think The Boeing Company (NYSE:BA) and investors may be underestimating the delay in getting the 787 Dreamliner back in the air, but I have to give it to the market: The shares’ resilience no longer looks like luck … of the Irish.

The article Boeing Shares Get Some Irish Spring originally appeared on

Fool contributor Alex Dumortier, CFA, has no position in any stocks mentioned; you can follow him on LinkedIn. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!