5 Manufacturing Stocks at Risk as Consumer Spending, Orders Decline

In this article, we will look at the 5 manufacturing stocks at risk as consumer spending and orders decline. If you want to find similar stocks that are vulnerable to a decline in consumer spending, you can read 10 Manufacturing Stocks at Risk as Consumer Spending, Orders Decline.

5. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 51

On August 9, The Boeing Company (NYSE:BA) reported that its aircraft deliveries tumbled to a five-month low of 26 in July. This is the company’s biggest monthly decline since December 2020. The Boeing Company (NYSE:BA) delivered 23 737 MAX jets and three wide-body freighters in July, bringing its total deliveries to 242. As consumer spending on air travel declines, The Boeing Company (NYSE:BA) is vulnerable to order cancellations from airlines. The company reported 4 cancellations in July.

On July 28, JPMorgan analyst Seth Seifman revised his price target on The Boeing Company (NYSE:BA) to $200 from $188 and maintained an Overweight rating on the shares.

As of August 19, The Boeing Company (NYSE:BA) has lost more than 20% of its value year to date.

At the end of Q2 2022, 51 hedge funds held stakes in The Boeing Company (NYSE:BA) worth $1.49 billion. This is compared to 52 positions in the previous quarter with stakes worth $1.36 billion. The hedge fund sentiment for the stock is negative.