Jim Cramer Calls The Boeing Company (BA) 'an Up Stock'
We recently published a list of . In this article, we are going to take a look at where The Boeing Company (NYSE:BA) stands against other stocks that Jim Cramer discusses.
A caller asked what Cramer thinks of The Boeing Company (NYSE:BA), and he replied:
'I think Boeing goes higher, okay. I think that Kelly Ortberg got a handle on things…. It's an up stock and when I say that, what it means is that if it comes down, buyers immediately come in, they pounce and they [buy, buy, buy] and I'm with them.'
A commercial jetliner parked at an airport, reflecting the companies success in aviation.
Boeing (NYSE:BA) is engaged in the design, production, and marketing of various products, including commercial airplanes, military jets, satellites, missile defense systems, and space-related programs. On May 15, Cramer extensively commented on the company as he said:
'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.
Overall, BA ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BA and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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