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- Boeing will be the biggest loser if Iran ceases the nuclear deal with the US
Boeing will be the biggest loser if Iran ceases the nuclear deal with the US
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Loading...Donald Trump threatens to broke the 2015 agreement that froze the Iranian nuclear program, and big loser will be the Boeing Company. US aircraft maker has an agreement to sell 80 new airplanes to Iran Air and another 30 to Iranian carrier Aseman. The total value of the deals is $ 20bn.
Boeing is the best-performing company in the Dow Jones index in the past year, doubling its value. If the company fails to deliver its aircraft to Iran, it will inevitably have an impact on their shares. If we see a cancel of the relationship between the two countries, we can expect the impact on the stock in the beginning of 2019, with most market participants believing that the company will continue its growth in 2018.
If Boeing withdraws from the Iranian market he will experience difficulties, but he will surely be able to keep pace with growth.
Technical analysis and when we can take advantage of a possible correction caused by rumors at the moment.
The price is in a high upward pulse after a symmetrical triangle type. RSI (14) forms divergence, suggesting that we can observe a price correction to levels of about 23.6% Fibonacci. Price movement is far from horizontal or diagonal support, so we remain ready to buy as soon as we reach the appropriate levels.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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