In the recent “Lightning Round” segment of CNBC’s Mad Money, host Jim Cramer suggested that investors consider purchasing stocks from various companies, including Boeing Co. (NYSE:BA).
What Happened: Cramer is optimistic about several stocks and urged investors to buy them. He singled out Boeing, predicting a favorable year for the firm following its triumph over supply chain disruptions and other challenges, reported CNBC.
“Ok, Boeing’s going higher. I think that this is their year,” he said.
In addition to Boeing, Cramer commended other firms such as Dell Technologies Inc.(NYSE:DELL), healthcare firm Cencora, T-Mobile US Inc (NASDAQ:TMUS), and Cardinal Health Inc. (NYSE:CAH). He expressed faith in these companies’ future performances and suggested investors acquire their stocks.
For stocks like CRISPR and DoorDash, however, he recommended investors wait for a pullback before purchasing. He also gave a thumbs up to Macy’s, comparing its potential trajectory to that of Gap stores.
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Why It Matters: Cramer’s optimism about Boeing follows his previous praise for the company in April 2023, when he referred to it as “really incredible.”
His latest recommendation also coincides with a bullish outlook from RBC Capital Markets, which upgraded Boeing, citing a significant shift in sentiment on the stock. The analysts noted that after a year of supply chain disruptions and lowered expectations, the set-up into 2024 is favorable.
Other analyst predictions suggest a potential rally for Boeing of more than 25%.
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