Higher rates could be good news for Boeing
Rising interest rates have historically been good news for Boeing (BA +1.1%) and other aerospace and defense companies, Canaccord analysts say, as strengthening commercial orders correspond with outperformance by both Boeing stock and the broader sector. Commercial transport orders over the past three significant tightening cycles rose by an average of 7% and 140% in the 12 and 24 month time periods after rates started to increase, and total commercial backlog increased over the same periods by an average of 3% and 43%, the firm says. BA stock has outperformed the broader market over the past two tightening cycles by an average of 19% 20% annually while rates are rising, Canaccord adds. Also today: LMT +1.8%, RTN +1.6%, COL +1.3%, NOC 0.3%. I believe this will be especially true with our…