They’re fundamentally beaten up, and they’ve lost most of their business and there’s no certainty when that will continue. Keep in mind, Warren Buffett dumped ALL of his airline stocks too.
Boeing is still to expensive relative to its earnings and it doesn’t have great guidance yet either. And if their customers aren’t flying people…they won’t be buying planes. So I’m not a fan of it either right now. Also, there are too many novice Robinhood traders chasing after these and getting beaten up by it.
So when the dumb money is chasing it, it’s even more reason to stay away.