Here's Why Boeing Stock Gained Back Ground in December

Boeing (NYSE: BA) stock rose by 13.9% in December, according to data provided by S&P Global Market Intelligence. The move put a little shine on a disappointing year for the company and comes down to some positive news for Boeing.The key to Boeing's recovery is ramping up its 737 MAX narrowbody aircraft production. Boeing must also return its defense business to profitability and ensure the 777X stays on its revised track for its first delivery in 2026. However, the stock won't prosper unless the 737 MAX production and delivery rate improve.To that end, Boeing had some good news in December. First, according to a Reuters article, Boeing restarted production of the 737 MAX in early December, a few weeks after the end of a damaging strike over a new labor contract.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool