Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 27, 2020

Article Excerpt

BOEING CO., $162.00, New York symbol BA, remains a hold for investors. The company is a leading maker of airliners, military aircraft and satellites. Boeing’s shares have rebounded a whopping 82% since falling to $89.00 on March 18, 2020. That’s due to the U.S. government’s new stimulus bill in response to the COVID-19 outbreak. The bill includes $17 billion in loans for companies deemed critical for national security, which includes Boeing. Meantime, to conserve cash during the crisis, the company is suspending dividend payments and share buyback until the outbreak subsides. Before the crisis, the annual dividend was $8.22 a share. Outside of the COVID-19 disruption, Boeing is seeing more cancellations for its 737 Max airliners. That plane remains grounded following crashes in Ethiopia and Indonesia. However, it looks like many airlines are converting their 737 Max orders into new orders for Boeing’s 787 Dreamliner plane. Boeing recent coverage: March 2020 issue Hotline for December 20, 2019 MICROSOFT CORP., $149.70, Nasdaq symbol MSFT, remains a buy. The…