Core Insights - The Boeing Company (NYSE:BA) received positive news from the Federal Aviation Administration (FAA), which allowed the firm to sign off on some Boeing 737 Max and 787 Dreamliner aircraft before delivery to customers [2] - Jim Cramer indicated that his trust has been purchasing Boeing stock aggressively, believing that significant orders were forthcoming from the President [2] - The stock price of Boeing fell from $225 to $215, presenting a buying opportunity according to Cramer [2] Company Developments - The FAA's recent decision marks a significant turnaround for Boeing, which had been restricted from issuing airworthiness certificates since 2019 [2] - Cramer noted that the CEO, Kelly Ortberg, had previously been conservative in his outlook, which contributed to the stock's decline [2] Investment Perspective - While Boeing shows potential as an investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk [2]
Jim Cramer Says His Trust Has Been Buying Boeing (BA) “Hand Over Fist”