What To Do With The Most Shorted Stocks: Boeing, Chevron, And IBM
What To Do With The Most Shorted Stocks: Boeing, Chevron, And IBM . (MENAFN - Baystreet) 
Stock markets are highly bearish on Boeing's (BA) prospects. After it settled its union strike, BA stock fell from $160 to close last week at $140.19. The short float is ...
América - MenaFN
(MENAFN- Baystreet) Stock markets are highly bearish on Boeing's (BA) prospects. After it settled its union strike, BA stock fell from $160 to close last week at $140.19. The short float is 2.53%.

Boeing lost 10% since the because markets are fearful that the trade relations between the U.S. and China will worsen. Still, has only 2% of its backlog in China.

Investors are pricing in the headwinds from Trump's tariffs. For example, border tariffs of 10% to 20% and 60% against China's goods would hurt Boeing.

Avoid BA stock.

In the sector, Chevron (CVX) has a short interest of 3.28%. Although shares are trading near a 52-week high, the valuation is at a non-GAAP P/E of 14.11 times. By comparison, the sector median is 11.13 times.

CVX stock is attractive if WTI crude prices improve.

IBM (IBM) has a short float of 2.27%. The stock slumped to around $205. This is due partly to the $1.67 a share quarterly dividend payable to investors of record on Nov. 12, 2024.

IBM stock is on a firm downtrend. Wait for the company to post strong quarterly results before considering the company again.
Jordania
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https://menafn.com/1108917946/What-To-Do-With-The-Most-Shorted-Stocks-Boeing-Chevron-And-IBM
2024-11-23
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(MENAFN - Baystreet) 
Stock markets are highly bearish on Boeing's (BA) prospects. After it settled its union strike, BA stock fell from $160 to close last week at $140.19. The short float is ...
What To Do With The Most Shorted Stocks: Boeing, Chevron, And IBM