** Boeing (BA.N) shares down 3.3 pct ahead of its results Weds before the opening bell. This along with disappointing action in a number of other DJI (.DJI) stocks that reported results , and steep losses in broader market

** YTD, BA up 10.8 pct vs the DJI decline of roughly 3 pct

** Options activity implies a 5.5 pct swing in either direction for BA shares by Fri, compared with an avg move of 3.9 pct over past eight earnings days, according to Trade Alert

** Consensus estimate for BA Q1 adj EPS is $2.58, up from $2.01/shr in the yr-ago qtr, while Q1 rev forecast at $22.2 bln, according to Thomson Reuters data

** Consensus recommendation for stock is buy. Recommendations from analysts include 8 strong buy, 8 buy and 11 hold ratings

** Q1 conference call likely to address, among other things, recent move by Trump administration to impose tariffs on Chinese imports, Cowen & Co analysts write

** "BA trade concerns seem overblown as China likely will negotiate trade issues rather than pursue retaliatory measures. Q1 estimates may have to reset from Street's $2.58, but 2018 outlook is well intact," they write

** BA has surpassed the TR consensus estimate for adj EPS for 7 straight qtrs