09.04.2020 Boeing Co (BA ) Daily Analysis

09.04.2020 Boeing Co (BA ) Daily Analysis

Boeing today is trading on $146.87, it went up with $5.29 from $141.58. The reason why it went up is that Dr. Anthony Fauci, who is the director of the National Institute of Allergy and Infectious Disease publicly announced that by the time we get to the fall they will have coronavirus under control. This gave hopes to investors resulting in stocks going up including Boeing, overshadowing its bad news about its debt. Boeing has a heavy debt load which could climb to $40billion of the net in 2020 from $18billion in 2019 if not settled. According to Myles Walton, Boeing may take out $10billion from the Federal Reserve's new leading vehicle for helping the U.S economy during the coronavirus crisis in a bid to recover its debt.