Quality control concerns and a machinists’ strike sent shares of Boeing down 32% last year, but investors would be making a mistake to walk away from the stock now, according to Tim Seymour, founder and chief investment officer of Seymour Asset Management. Seymour appeared on CNBC’s ” Power Lunch ” on Friday to share his take on the aerospace stock, alongside two other formerly beaten-down stocks. Here’s what the investor had to say. Boeing Since reaching its 2024 closing low of $138.14 last November, Boeing has managed to stage an impressive comeback. The stock has risen nearly 34% from that level, through Friday’s close. With this recent surge in mind, Seymour said that now is not the time to give up on the aerospace giant. “I can’t quit Boeing, and it’s the wrong time to quit Boeing,” he said. “The reality is, Boeing’s got to get their own house in order. I think they’ve done that … This company — it’s burned cash, it’s made no money , and I think that’s about to change.” Seymour emphasized his belief that Boeing should become free-cash-flow positive in 2026, while 2025 will be spent “getting to that place by the end of the year.” “Then I think this is really a free-cash-flow machine as you look at the future,” he added. CVS Health CVS Health was another company that underperformed last year, ending 2024 with a 43% decline. But shares have surged to start the new year, up about 47%. CVS cinched a roughly 22% gain this week following its strong fourth-quarter earnings report on Wednesday. The pharmacy retailer earned an adjusted $1.19 per share on revenue of $97.71 billion in its fourth quarter. The results exceeded the earnings of 93 cents per share on $97.19 billion in revenue that analysts surveyed by LSEG had expected. Seymour called CVS “a turnaround story,” attributing much of the company’s success to its recent C-suite changes. Seymour also applauded new CEO David Joyner, who took on the role in October, for his focus on growing the margins around Aetna’s health insurance business. “This has been a disaster for probably two or three years … But we just got numbers,” Seymour said. “I think the floor is in. I think there’s a margin story. I think they’ve right-sized the business.” Intel On the other hand, Seymour singled out Intel as a stock to leave. Shares of Intel tumbled 60% in 2024, but they rose almost 24% this week after Vice President JD Vance said that the U.S. will defend American artificial intelligence and chips against potential “adversaries.” Despite this reassurance from the Trump administration, Seymour said that he felt “betrayed” by the stock. “The reality is this is a rudderless ship. We need a CEO, we need a plan,” he said. “I think you’re fading this one.”
