Why Boeing Stock Is Soaring Today

Core Viewpoint - Boeing's stock experienced an increase despite reporting a significant loss for 2024, indicating that the market had already anticipated the poor financial results [1][2][3]. Financial Performance - Boeing reported a loss of $11.8 billion for the fiscal year 2024, marking its largest loss since 2020, with a notable$5.4 billion loss from its defense segment [2]. - In comparison, competitor RTX reported a net income of $7.7 billion for the same period, highlighting the challenges Boeing faces in its defense sector [2]. Market Reaction - The stock price of Boeing rose by 4.1% on the day of the earnings report, having peaked at a 7.6% increase earlier, while the S&P 500 and Nasdaq Composite also saw gains of 0.8% and 1.8%, respectively [1]. Production Outlook - Boeing is ramping up production more effectively than anticipated, having delivered 33 737 jets in January and is expected to reach its cap of 38 jets per month soon [4]. - The company's leadership indicated that the production cap imposed by U.S. regulators would likely be lifted later in the year, allowing Boeing to exceed its current production capacity [4][5].