Boeing, ADM and Qualcomm Poised After Trump-Xi Beijing Deal

The May 14–15 Beijing summit between President Donald Trump and Chinese President Xi Jinping produced a framework covering aircraft orders, agricultural purchases and tariff reductions across roughly $30 billion of goods. The White House said China committed to buying at least $17 billion of U.S. agricultural products annually, and a direct order for 200 aircraft was confirmed during the visit.

Boeing emerged as the most direct beneficiary on the aircraft side. The company confirmed an initial 200-aircraft order during the summit and Boeing CEO Kelly Ortberg joined the U.S. delegation in Beijing. Deliveries to China had been halted during the 2025 trade tensions. Boeing shares fell 3.8% on May 15 and moved from a $243 peak on May 14 to a $213 local low by May 19. The stock bounced to $222 on May 21 on a reported 7.71 million shares traded. Market participants noted the decline occurred on rising volume between April 30 and May 20. Technical levels discussed by traders include a rising channel anchored at a late-March $187 swing low, a close above $227 opening a path to $241, and extended targets near $258 and $270; a break below $213 would expose $201 and the $187 channel floor.

Archer-Daniels-Midland benefited from the agricultural commitments. The White House confirmation of at least $17 billion in annual agricultural purchases aligned with ADM’s May 5 upgrade to its 2026 earnings guidance, which cited expected normalization of Chinese soybean demand. ADM shares rose 7.2% on the guidance, the largest single-day gain in more than six years. On charts, ADM rallied 25.9% from mid-April lows to an $83 peak on May 13, with a subsequent tight pullback between $83 and $77 forming a flag pattern. The Chaikin Money Flow stayed above zero since late April and read 0.16 during the pullback. Traders noted a minor CMF divergence versus February, while technical participants identified a confirmed close above $81 as a target toward roughly $102 and a drop below $74 as a pattern invalidation.

Qualcomm’s presence at the meetings reflected its exposure to China. CEO Cristiano Amon traveled with the U.S. delegation, though no specific Qualcomm contract was announced. The company derives about 46% of revenue from China. Qualcomm reported Q2 FY2026 revenue of $10.6 billion and EPS of $2.65 on April 29 and the stock rallied 15% on April 30. The share price reached a $247 peak on May 11 and formed a flag pattern in the subsequent pullback. The Chaikin Money Flow crossed back above zero on May 19, reading 0.02. Risks cited by market observers include Apple’s gradual shift to in-house modems and an antitrust probe in China into Qualcomm’s Autotalks acquisition. Technical thresholds noted include a close above $248 to target $262 and higher levels around $281 and $306, while a drop below $191 would expose a $164 floor.

The two-day meeting restarted large commercial talks between the United States and China. The aircraft order, the agricultural purchase commitment and the tariff framework coincided with trading moves and technical patterns in Boeing, ADM and Qualcomm.