Thursday, October 3, 2013

The Boeing Co. (NYSE: BA): Flying First Class

We'll start with The Boeing Co. (NYSE: BA), a longtime favorite of ours that's up 90% (96% including dividends) since we first recommended it two years ago. It's also up 57% since Jan. 18 - when we told subscribers to ignore the whole "Dreamliner battery" media frenzy and buy the stock while it was trading down.

Boeing recently hit a record high of $120.38, but this is a great company with powerful global trends acting as a tailwind, and is a stock we believe you'll want to own for the long run.

This is a company that I've followed for years and know well - which is why it was one of the first stocks we recommended after launching Private Briefing. It clearly had some issues to work through, but has tackled most of them.

And Boeing's own projections show us the aerospace firm is pushing its throttles "to the stops" as it heads for the stratosphere.

In Boeing's latest annual forecast - a highly read document the company updates each year - the Chicago-based venture says there will be $4.8 trillion worth of passenger-jet sales over the next 20 years. That represents a 20% increase over the prediction that Boeing made just two years ago.  (more)

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