Jim Cramer Urges Investors to “Stay Long Boeing”

A caller inquired about The Boeing Company (NYSE:BA) during the episode, and here’s what Cramer had to say:

“I continue to pound the table on Boeing ever since Kelly Ortberg got in and they raised the capital. It’s going to be up again tomorrow… I just listened to Phil LeBeau talk about the monthly deliveries. They’re fantastic. You must stay long [on] Boeing.”

A commercial jetliner parked at an airport, reflecting the companies success in aviation.

Boeing (NYSE:BA) focuses on designing, developing, producing, and selling a range of products, including commercial planes, military aircraft, satellites, missile defense systems, and space exploration projects. In April, when Cramer was asked about the company, he said:

“I just think that if we don’t respond correctly to help Boeing instead of just picking on all the time, and then the old regime did do some things wrong, then Boeing’s going to be a tough stock to own, but they do have a lot of cash. They don’t have great cash flow. I think it’s okay. I’d rather, I’m picking other ways to play aerospace now because Boeing seems to just had, it’s snake bit. What can I say?”

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