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Boeing Stock end of 2024
The first stock we will explore is going to be Boeing.
It’s currently trading at $176.41, an increase of 4% in the past five days. Oddsmakers have set a price of $170.50 for this stock.
Let’s examine the stock’s performance this year. It has declined 2% in the past month, with a year-to-date decline of nearly 30%!
2024 has not been kind to Boeing stock. However, despite the stock’s decline year to date, oddsmakers have set the price low.
NEWS: NASA says there will be no major announcement made on today’s media teleconference regarding the crippled @Boeing Starliner and the astronauts Butch and Suni marooned on the International Space Station. pic.twitter.com/1b9D0d4scn
— ALEX (@ajtourville) August 14, 2024
There haven’t been many times when the Boeing stock dipped below the $170 price this year. Despite the bad press the stock has received and the low number, I would actually have to advise to bet over $170.50.
While there isn’t an advantage from the oddsmakers one way or the other on this one, as both Over/Under are priced identically at -120, the over is the play.
Ford Stock end of 2024
The following stock we will examine is going to be Ford Motor Company.
Oddsmakers have priced Ford at $12.50 but have placed greater odds on the over at -130, while the under is priced at -110.
It currently trades at $10.46, considerably lower than the $12.50 price point.
Ford is another company that has struggled this year. Although it has increased by 3% this week, it is on the downswing this month, having seen a 26% decline in the past month.
All these stocks hit new 52 WEEK LOWS at some point today
American Airlines $AAL
Intel $INTC
Celsius $CELH
Snowflake $SNOW
Lululemon $LULU$SOFI
Ford $F
Occidental $OXY$ETSY
GlobalFoundries $GFS
Las Vegas Sands $LVS
Mobileye $MBLY
MongoDB $MDB$ROKU
Walgreens $WBA
Albemarle…— Evan (@StockMKTNewz) August 5, 2024
That is a whopping number. Let’s see how the stock has performed this year. It has decreased 14% this year. All the available information indicates that this stock will not exceed that $12.50 price point.
I disagree with the oddsmakers and would advise fading the stock. I would bet under $12.50 at -110 odds.
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General Motors Stock end of 2024
The final stock we will discuss will also be in the transportation sector. General Motors is one of the most popular car manufacturers in the United States.
Oddsmakers have priced this stock with an identical over/under odds of -120. The price they’ve set for General Motors is $45.50.
General Motors is on the upswing this week, currently trading at $44.86. Before we predict how the stock will perform at the end of 2024, let’s see how it’s done this year.
It has decreased 9% in the past month, but it has increased 24% this year. This seems a little puzzling to me, so let’s take a closer look.
$GM $45.00 +1.39 +3.19%
Strong automotive sales in July provide a boost to automakers. Jobs cuts in China are only a small part of the changes that need to be made in overseas operations.#FinTwit #Stocks #Trading #Investing #StockMarket #GeneralMotors #Detroit #Automotive #Cars pic.twitter.com/o33Id5gXpP— Joey Technicolor (@JoeyTechnicolor) August 15, 2024
This one was tough for me to figure out, but I will go ahead and say it closes the year over the $45.50 price point.
The stock has fluctuated a lot this year, but that price feels a tad low. I would advise to bet over $45.50 for General Motors stock at -120 odds.
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