Jim Cramer on Boeing: “I Think the Stock Is a Buy”

The Boeing Company (NYSE:BA) is featured in Mad Money’s latest recap as Jim Cramer shared his buy, sell, or hold verdict. When a caller inquired about the stock, Cramer said:

Oh boy, okay, so Boeing’s a Charitable Trust name. Here’s the deal with Boeing. The stock was just soaring, and then people started to think that because of the war, there won’t be as many plane orders as people think. Now, there’s like a, the lineup for planes is stretched as far as the eye can see. That’s not going to be what happens. But the narrative’s got negative, not the stock itself. I think the stock is a buy.

The Boeing Company (NYSE:BA) designs and builds commercial aircraft, defense systems, satellites, and space technologies, and provides related support and service solutions. During the March 3 episode, a caller asked why the stock was declining despite “record orders the last few months,” and Cramer replied:

Okay, I think it’s going down because of the travel and leisure… possibly the end of the bull market. A lot of people worry… that there won’t be a lot of plane orders because of what’s going on in the Middle East. I think that’s shortsighted. I think that’s wrong. I think Boeing should be bought, plain and simple. Big position in my Trust. It’s the right stock, right time.

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