Is Boeing stock a ‘buy’ after deliveries went up in September?

Boeing Co (NYSE: BA) is in the green on Tuesday after the multinational said it delivered more planes in September than it did a month earlier.

Boeing to report Q3 results later in October

The Arlington-headquartered company delivered 51 aeroplanes last month versus only 35 in August. 787s made up seven of these deliveries – highest in two years.

Boeing could report as much as $1.0 billion in positive free cash flow for its fiscal third quarter (later this month). That, as per Hightower’s Stephanie Link, is a reason enough to remain bullish on this stock.

Versus its year-to-date high, the Boeing stock is currently down more than 40%.

Boeing received close to a 100 new orders

Boeing has until December to secure regulatory approval for its Max 7 and Max 10 – a deadline that it’s unlikely to meet. Investors, therefore, are interested in finding out if it wins an extension from Congress.

More importantly, Boeing received 90 net new orders in September, including 46 737 Max and 44 787 widebody aircraft. Link added on CNBC’s “Halftime Report”:

The 737 Max made its first commercial flight in China since grounding a day earlier. Link’s constructive view is in line with Wall Street that also rates the Boeing stock at “overweight”.