Jim Cramer Recommends Buying Boeing

The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer commented on. A caller asked for Cramer’s thoughts on the company during the lightning round, and he remarked, “Here’s my thoughts on Boeing, [buy, buy, buy, buy, buy, buy]. Fair enough?”

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The Boeing Company (NYSE:BA) designs, manufactures, and services commercial airplanes, military aircraft, satellites, missile defense systems, and space exploration equipment. The company also provides maintenance, training, logistics, and digital solutions for commercial and defense customers. In a July episode, Cramer said that the company stock is “going much higher.” 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.”

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