Jim Cramer Highlights Boeing as a Beneficiary of Trade War

The Boeing Company (NYSE:BA) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer highlighted why the Charitable Trust holds the stock. He said:

“Then there’s Boeing, which, after taking a non-cash charge or two for whatever issue might be on the table, should offer a restrained set of positives that will get the stock moving higher, and cement it as the most obvious winner from the trade war. That’s why we own it for the Charitable Trust. Remember, if our trading partners want to make nice with President Trump, they need to buy big-ticket items to close the trade deficit. Seems like airplanes will do the trick.”

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The Boeing Company (NYSE:BA) designs, manufactures, and services commercial aircraft, defense systems, satellites, and space exploration technologies. In addition, the company provides maintenance, training, and digital solutions. Answering a caller’s inquiry during the October 10 episode, Cramer said:

“I think Boeing’s a must buy. I think Boeing’s a must buy. I have looked the CEO in the eye. I think he’s a terrific guy, Ortberg. And I will tell you this, this company just gave up a huge percentage of the gain that it has had. And why buy anything at the top when you get something near the bottom? That’s Boeing.”

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Disclosure: None. This article is originally published at Insider Monkey.