12:10 PM EDT, 06/06/2024 (MT Newswires) -- The Farnborough Air Show set for July 22 to 26 could offer investors a seasonal trading opportunity, providing a venue for high-profile orders and new aircraft announcements, while focusing on supply issues, BofA Securities said in a note Thursday.

Original equipment manufacturers have shown mixed results in 30 trading days before the show, with Boeing ( BA ) and Bombardier underperforming the market by 54% and 62% of the time, respectively, while Airbus and Embraer outperformed 56% and 60% of the time, according to the note.

In 15 trading days after the show, Boeing ( BA ) underperformed 85%, Airbus 55%, and Bombardier 69%, while Embraer outperformed 55% of the time, BofA said.

A key issue at this year's show would be aircraft supply, not demand, considering the recent shortages in the supply chain, the investment bank said, adding it expects discussions on a potential new narrowbody aircraft.

"We expect to get a better read on the trajectory of the recovery, short and medium term aircraft production rates, and where any shortages may continue to be dogging the supply chain," BofA analysts said in the note.

The firm said its investment theses and outlooks for the stocks remain unchanged as "historical seasonal trades may not necessarily reflect the underlying fundamentals of the companies."

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