The Boeing Company (NYSE:BA) is one of the stocks that Jim Cramer shared thoughts on. When a caller mentioned that they have a position in the stock, Cramer commented:
“Get more Boeing. Get more Boeing. They report this week. I think it’s going to be a terrific quarter. Let the stock come in. If it comes in down, let’s say it comes to $220, here’s what you want to do: [buy, buy, buy] Pull the trigger.”
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Boeing (NYSE:BA) designs and produces commercial aircraft, defense systems, satellites, and space exploration technologies. Additionally, the company provides maintenance, logistics, training, and digital services for both commercial and defense sectors. During the July 9 episode, Cramer said that the “stock’s going much higher.” He remarked:
“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.”
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Disclosure: None. This article is originally published at Insider Monkey.
