Tracking where Boeing could be headed on the DJIA
Mumbai, India -- (SBWIRE) -- 10/09/2013 -- It looks like The Boeing Company (BA) is all set to become a noteworthy stock now. Boeing’s scope is not just limited to the air transportation sector, both commercial and cargo but also it’s a major player in national defense. However, a lesser known fact about Boeing is that it is currently ranked 4th of the 30 Dow Jones Industrial Average (DJIA) stocks in terms of weighting, just less than $3 a share to 3M Co. (MMM) at 3rd spot. Currently Chevron Corp. (CVX) is placed at 2nd position with stocks priced at nearly $125 a share and within Boeing’s reach, if it performs well.
What makes Boeing’s case interesting is the increased demand for aircraft around the world, which is set to double to 36,560 from current 17,740 over the next two decades. This is expected to translate into a monetary value of $4 trillion. This is one of the key determinants for major players like Boeing in a sector with very few competitors that include Airbus. This demand for new aircraft is expected to be driven mostly by APAC markets, 36%; Europe, 20% and North America, 19%.
In addition, emerging markets are expected to grow faster than developed markets thus fuelling demand for new aircraft. Another key factor is that the middle class currently is about 32% of the size of the entire global population. It is expected to increase to 62% of the world’s population by 2032 driving the need for aircraft and benefiting BA more.
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