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Boeing stock rose more than 7% but settled closer to 4% gains by the afternoon. Q4 earnings missed the market due to defense contracts and last year’s machinst strike. CEO Ortberg said the company is ahead of schedule on ramping up 737 Max deliveries. BA shares rise to their highest level since August 2024.   Airplane manufacturer Boeing (BA) has seen its stock price pump more than 7% higher on Tuesday despite posting a deeper than expected loss in the fourth quarter. A day after the market shaved a cool $589 billion off Nvidia’s (NVDA) market cap on the surprise success of China’s DeepSeek AI model, investors are jumping back into the market in search of discounts. The Dow Jones Industrial Average (DJIA), which includes Boeing stock, drifted 0.4% higher as the NASDAQ advanced 1%. Nvidia stock, up 7%, is leading the Dow and NASDAQ higher, but the Conference Board’s Consumer Confidence Index showed a sharp decline in sentiment for January.  Boeing stock news Boeing released its results for the quarter ending in December before the market opened on Tuesday. Shares launched higher due to the CEO focusing on the airplane maker and defense contractor’s turnaround plan.  Boeing lost a startling $3.86 billion in the quarter due to several setbacks in defense industry contracts and, of course, the two-month strike that resulted in the production and delivery of planes. Its agreement with the International Association of Machinists & Aerospace Workers put the strike, which lasted from September through early November,  to an end during the fourth quarter. Other unusual costs stemmed from layoffs that were announced last year. Boeing reported an adjusted earnings loss of $-5.90, which missed consensus by $2.67. Revenue of $15.24 billion dropped 31% from a year earlier but surpassed the Wall Street consensus by $60 million. Preliminary guidance…

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Filed under: News - @ January 28, 2025 10:24 pm