Power Plays Update: BA

June 6, 2023

By Scott Redler

Boeing (BA) is taking a hit on news of a defect on its 787 Dreamliner plane.

The stock dropped about $11 intraday to $200.61 before rebounding up to $206ish.

The last time the company dealt with a defect issue, it led to a corrective phase in the stock.

It's hard to tell if we'll see a repeat of that, but you should be on guard.

If you really want to play it safe, there's nothing wrong with getting out or putting in a hard stop.

For now, Power Plays is giving it to the $188 to $198 area. If the stock gets in there, I'll look to switch gears.

Good luck out there.


Scott Redler Positions Disclosure as of 2023-06-06 at 2.31.34 PM