14 Best S&P 500 Stocks to Buy Now According to Analysts

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6. The Boeing Company (NYSE:BA)

Upside Potential as of June 14: 25.54% 

The Boeing Company (NYSE:BA) is a leading global aerospace company that develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in more than 150 countries.

The Boeing Company (NYSE:BA) announced on June 9 that it delivered 60 commercial aircraft in May, including six 787 Dreamliners and 51 of the company’s best-selling 737 Max jets. The figure marks a sharp increase of 33% YoY as the aerospace firm bounced back from a production setback that slowed deliveries earlier this year.

Aircraft deliveries remain an important detail for investors as they generate the cash Boeing needs to bolster its balance sheet and support its recovery from the company’s recent manufacturing, safety, and quality challenges.

Boeing also revealed that it booked 27 gross aircraft orders last month and recorded 16 cancellations, taking its net new orders to a total of 295 so far this year. The company has already delivered 250 jets through the end of May, including 198 737 MAX ​jets, and maintained a backlog of ​6,178 as of the end of last month.

While we acknowledge the potential of BA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BA and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best S&P 500 Stocks to Buy Now According to Analysts.

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