CNBC’s Jim Kramer still likes Boeing Stock despite pending the tragic crash of the company’s jet in India earlier this month. On June 12th, the Air India 787-8 Dreamliner headed for London, descended into the western part of the country seconds after it took off. Hundreds have been killed. On “Squawk on the street” on Friday, Cramer said investors “need to buy” the stock regardless of the outcome of the crash probe. “It’s a kind of company that works in the market,” he said on television, but previously recognized the tragedy. Boeing’s only negligence would “scarry the inventory for a moment,” he added. Cramer’s comments will increase from $180 to $275 by analysts at Rothschild. In a strong market on Friday, Boeing shares rose more than 4% to around $211. The stock was just a few dollars below the end of June 11th, before the crash in India. The stocks earn around 20% per year. Ba ytd Mountain Boeing Ytd Rothschild said the monthly delivery rate and stock price of 63 Boeing 737 and 14 of 787 can be increased. Analysts said the delivery increased tax by around 13% on its 2029 cash flow estimate. Boeing stock was “used to trade with cash flow 18 times,” Cramer said, referring to Boeing’s 2018 statistics. “If that’s back to it [2018 cash flow multiple]On April 10, Boeing was added to the bullpen of the CNBC Investing Club portfolio, the day after President Donald Trump proposed the toughest “mutual” tariff measures. Our theory at the time was that Boeing planes would be used as the country wanted the country to reduce its trade deficit with the US to appease Trump. In fact, it’s unfolding as expected, with Boeing receiving a massive amount of orders, including record orders from Qatar Airways of up to 210 aircraft in May during Trump’s visit to the Middle East. At the club’s June monthly meeting on Wednesday, Cramer had been itching to buy a Boeing, but decided to wait.
