Jim Cramer Says “Boeing’s Simply Become too Good to Ignore”

The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer shared his opinions on. The company was mentioned during the episode, and here’s what Mad Money’s host had to say:

“If you bought Boeing on weakness during the strike last fall, you’d now have a nearly 36% gain. These guys have been running circles around the unions for decades. I don’t see that changing anytime soon… Long story short, Boeing’s now officially a Charitable Trust holding thanks to the stock’s recent pullback. So you should know the core case for owning the stock. The company’s gradually ramping up production for its key aircraft models, the 7377… and remains mostly on track with these efforts. Boeing’s balance sheet is much, much better than it was after the huge recapitalization effort late last year.

And now there’s a line of sight to positive free cash flow in the near-term future with the promise of $10 billion worth of free cash flow or more per year once the company gets its production levels up to its previously stated targets. Meanwhile, regardless of how you feel about the President’s trade agenda, it’s been phenomenal for Boeing with some huge aircraft orders coming from the Middle East, Korea, and the UK. Potential of a massive deal still to come from China, assuming those trade talks don’t fall apart. On top of everything else, we’re getting, finally getting reasons to be cautiously positive on Boeing’s defense business.

The bottom line: Put it all together and I think Boeing’s simply become too good to ignore, especially after the stock’s recent hard pullback… and why you’ve got my blessing to begin a position tomorrow.”

Pixabay/Public Domain

The Boeing Company (NYSE:BA) designs, manufactures, and services commercial airplanes, defense systems, satellites, and space technologies. In addition, the company provides logistics, maintenance, training, and digital solutions for both commercial and government customers.

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