5 Oversold Blue Chip Stocks to Buy Right Now

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1. The Boeing Company (NYSE:BA)

14-day RSI: 24.82

Number of Hedge Fund Holders: 69

Founded in 1916, The Boeing Company (NYSE:BA) is one of the world’s largest aerospace companies and a leading provider of commercial airplanes, defense, space and security systems, and global services.

On January 31, The Boeing Company (NYSE:BA) released its financial results for Q4 2023. Its revenue increased by 10% y-o-y to $22 billion while net loss shrunk by 95% y-o-y to $30 million. Its normalized EPS of -$0.47 surpassed consensus estimates by $0.32.

Following the earnings release, RBC Capital lowered the price target for The Boeing Company (NYSE:BA) shares to $260 from $285 and maintained an ‘Outperform’ rating for its shares.

You may also like to read 11 Best Beaten Down Dividend Stocks to Invest in Now and 10 Best Industrial Machinery Stocks to Invest In

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