Stock Market Today With Jim Cramer: Buy Boeing
Stocks rose sharply Wednesday after President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program, a day after halting stimulus talks until after the presidential election.
TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from the vice presidential debate tonight, Boeing stock and challenges for General Electric.
Vice-Presidential Debate
The debate between Vice President Mike Pence and the Democratic candidate, Sen. Kamala Harris of California, is scheduled for Wednesday night in Salt Lake City.
Cramer said if we get a steady hand from Pence then Harris would be blunted. “However, if she can get him off his game then no. He’s very firm on certain issues and I don’t think Kamala will be able to throw him off his game. But I want to see if she can make him sweat.”
Boeing: Buy Or Sell?
On Tuesday, Boeing (BA) – Get Report slashed its aircraft demand forecast by 11% for the next decade. Boeing’s outlook said that plane-makers will deliver 18,350 commercial airplanes in the next decade – 11% lower than the comparable 2019 forecast – valued at about $2.9 trillion.
Cramer really likes the Boeing stock right now. “It’s a good opportunity to buy shares of Boeing. Referring to a difficult political environment in the U.S.and the lack of agreement on stimulus for airlines, Cramer said, “The worst case isn’t Boeing right now, right here.”
General Electric: Buy Or Sell?
Cramer said its just history. “I think it has much more to do with things that happened before Larry Culp came in and that’s why the stock is bouncing back. But I’m not willing to go down the food chain and buy GE, their healthcare stuff is not COVID-19 oriented so they have a lot of challenged areas.”
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