The Boeing Company (NYSE:BA) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer showed bullish sentiment toward the stock, as he commented:
“Let me give you another one many missed. Boeing just announced some huge second-quarter deliveries, and deliveries are the chief determinant of its stock price. The company delivered 150 planes, up from 92 a year ago. Fantastic. They booked 427 orders, up from 241 in just the previous quarter. If you paid attention, I bet that most didn’t, you could have caught a 14-point move that was there for the taking. But who was thinking about Boeing? I think the stock’s going much higher by the way.”
A commercial jetliner parked at an airport, reflecting the companies success in aviation.
Boeing (NYSE:BA) designs, manufactures, and services commercial aircraft, military systems, satellites, and space technologies. The company also provides logistics, training, and digital solutions to both commercial and defense customers worldwide. On June 5, Cramer mentioned the company and said:
“Here’s a dreamliner of a story: After years of struggling, Boeing’s finally taken off in the last two months… I told you Boeing was ready to make a comeback in March when the stock was at $181 because it started reporting stronger orders and delivery numbers as well as some surprise contract wins… Don’t sell it. I think the stock has a lot more room to run. Why? First and foremost, Boeing’s cleaned up its balance sheet… Second, the numbers coming out of Boeing keep trending in the right direction.
