Message #7 From:
Stock News Bot Date: March 29, 2007 03:00:00 AM
BA News Zacks Analyst Interview Highlights: Boeing
CHICAGO--(BUSINESS WIRE)--Zacks.com releases the latest Analyst Interview. Today’s interview is with Director of Research Dirk van Dijk, who discusses Boeing (NYSE: BA).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
Which particular industries look promising going into, say, the second half of ’07?
I’d say that you’d want to play it fairly conservatively. I do think there is a risk that the dollar continues to decline, so I’m a little more positively disposed to foreign markets than the U.S. market right now. Or, in the U.S. market, maybe look for some quasi-foreign companies: multi-nationals that make a big chunk of their earnings from abroad. These should benefit from a falling dollar.
You could also look toward a company such as Boeing (NYSE: BA) that exports an awful lot of stuff. A falling dollar will work to their benefit, as well. Suppliers to Boeing are maybe a more leveraged and interesting way to play this, actually. Also think consumer staples and healthcare names – they’re looking pretty good on their earnings data. And I would at least be market-weighted in energy at this time.
Speaking of energy, where do you think oil prices are headed, going into another summer season?
Clearly, supplies are fairly tight. I don’t see energy prices running away, particularly where we are with slightly slower economic growth in the U.S. We are still by far the biggest consumer of oil in the world. Even though China and India are growing, they don’t use anywhere near the amount of oil per capita that we do.
So I think prices will be in a range. In fact, I think right now we’re at the high end of the current range on oil prices. However, all this is predicated on the U.S. not doing something like going to war with Iran. Things right now look like they’re coming full circle again from last summer, when the markets sold off and oil prices had a high risk premium to them. I think there will be some risk premium in oil prices going forward, but we look to be on the high end of that right now.
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