Yahoo Finance Live examines Boeing shares after United Airlines orders dozens of 787 Dreamliner jets.
JARED BLIKRE: I want to move on here because my play is Boeing, and the stock is climbing to its highest level since April. Let me pull up our industrials map. There we go. And here's Boeing, up 24% for the month. And I'm going to dial this down to a two-year chart. The plane giant is nearing a deal with United Airlines to buy dozens of 787 Dreamliners. No parties are commenting on the record.
But Boeing competitor Airbus reportedly in the running for some of the orders. The Dreamliner sports a $300 million price tag. It's noted for its fuel efficiency and ability to make long haul routes in a single stop without the need to refuel. And the deal, if it goes through, would be a major win for Boeing, which has been beset by setbacks since those two 737 MAX planes crashed in 2018 and 2019.
This is a two-year chart. Just want to show you, this chart right here is showing a breakout, very nascent breakout on a longer term basis. It could mean something. When you take a look at the other industrial companies here over the last month, Boeing is actually one of the big leaders. I got some materials companies thrown in there, too, but if readers will remember-- viewers will remember all the way back to 2017, this was the stock market in 2017. Of course, that was in the past-- not so much anymore.
DAVE BRIGGS: Very interesting to watch them against their competition. Boeing had dominated that category that the Dreamliner plays in, so it's a big win against them, but they've taken very different paths to the same place, which is both down 12% year to date in a year where travel truly has bounced back to pre-pandemic levels. All right.