Jim Cramer Thinks "Boeing (BA)'s Got a Bright Future"

We recently published a list of 15 Stocks on Jim Cramer’s Radar. 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.

The Boeing Company (NYSE:BA) was mentioned during the episode, and here’s what Mad Money’s host had to say:

“Here’s a dreamliner of a story: After years of struggling, Boeing’s finally taken off in the last two months… I told you Boeing was ready to make a comeback in March when the stock was at $181 because it started reporting stronger orders and delivery numbers as well as some surprise contract wins… Don’t sell it. I think the stock has a lot more room to run. Why? First and foremost, Boeing’s cleaned up its balance sheet… Second, the numbers coming out of Boeing keep trending in the right direction.

In late April, the company reported a solid quarter with slightly higher than expected sales and operating earnings that trounced the estimates. Boeing’s combined backlog stood at $545 billion at the end of the quarter… So the numbers have been great, but there’s a third thing that’s been happening here. Boeing’s likely to be a big winner from President Trump’s global trade war… Now, we’re already seeing evidence that Boeing’s a trade war winner so far. Trump’s only closed one trade deal since Liberation Day, and that’s that new agreement with the United Kingdom.

Alongside that deal, the parent company of British Airways, no coincidentally, agreed to buy $13 billion worth of jets from Boeing. Plus, during President Trump’s visit to the Middle East, earlier this month, Qatar Airways placed an order for up to 210 wide-body aircraft, including 130 Dreamliners. That’s the largest order for that plane in history… At the end of the day, there’s a whole lot going right for Boeing, and the stock has rightfully reflected its momentum these past couple of months.

But here’s the bottom line: With a cleaned up balance sheet, rapidly improvement results and the prospect of the president of the United States becoming the world’s number one aircraft salesman as part of these trade negotiations, I think Boeing’s got a bright future and knowing how the stock tends to trade historically, I’m betting it could really still soar.

My only concern with Boeing is that they do have a not-so-great track record of dropping the ball just when the stock takes off. But I doubt that will be a problem anymore under Kelly Ortberg’s new leadership team. Boeing’s on the way to restore its greatness, and you want a piece of that promise as this one, once it gets going, can exceed any of the price targets that the analysts have ever dreamed of.”

Boeing (NYSE:BA) focuses on designing, building, and selling products such as commercial aircraft, military jets, satellites, missile defense systems, and space programs.

Overall, BA ranks 3rd 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 some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.