Jim Cramer Recently Commented On These 12 Stocks

3. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 103

While Cramer acknowledged that The Boeing Company (NYSE:BA) was in hot water, he noted that the company is a way for countries to “extend an olive branch to the White House”.

“Okay… let’s go back to the obvious, Boeing. See, for the longest time, Boeing stock was a pariah because it seemed like they’d forgotten how to make airplanes. Now, we know a couple of things about Boeing. First, it’s one of the only two major aircraft manufacturers in the whole world, the other being Airbus. Second, it had a hideous balance sheet. I mean, just awful… thanks to all the accidents in recent years. As long as it was hobbled by a bad balance sheet, the stock was too dangerous to own, and you were right to be critical.

But in October of last year, Boeing used the capital markets as they are intended, tapping investors for $24.3 billion in stock and bonds. They sold… 112.5 million shares at $143. That was enough to put the balance sheet, let’s say, on even keel so that the company could start playing offense. Now, Boeing just won the biggest order…. It’s a deal the president helped broker when he was in the Gulf.

Every country we trade with wants to extend an olive branch to the White House, and the easiest way to do that is by placing gigantic orders with Boeing. Now the stock’s at $206. The stock rallied more than $60 from its lows last fall. You just needed to be sure the balance sheet was fixed, and suddenly, the loser became a winner, much to the cynic’s dismay.”

Boeing (NYSE:BA) focuses on designing, building, producing, and promoting various products. including commercial airplanes, military jets, satellites, missile defense systems, and space exploration projects.