Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “As Boeing goes so often goes the Dow Jones Industrial Average.
“It is hard to imagine a company more levered to long-term global economic trends than Boeing,” contends DataTrek co-founder Nicholas Colas.
Boeing derives about 56% of its sales internationally. China accounts for 14% of Boeing’s sales, while Europe weighs in at 14% of the business. As the global economy goes, so does Boeing”….
Read the full article and the rest of Nick’s quotes here on Yahoo Finance!