A sustained pickup in air traffic is driving Boeing's stock rally: Jefferies

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A sustained pickup in air traffic is driving Boeing's stock rally: Jefferies

Air traffic has been steadily recovering since the week of May 18, fueling a broad cyclical rally in industrials and airlines, according to Sheila Kahyaoglu of Jefferies, which has been tracking global flight schedules. She says the recovery is driving a surge in Boeing stock, and investors are not being discouraged by order cancellations.
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Wed, Jun 10 202010:24 AM EDT