Jim Cramer Says Boeing is Supply-Constrained

The Boeing Company (NYSE:BA) is one of the stocks on Jim Cramer’s radar recently. Cramer expects the management to discuss supply constraints after its report. He said:

“Who else is supply-constrained outside of tech? Well, how about Boeing? Oh boy. Next week, Boeing reports, and I think they’re going to talk about supply constraints for all their planes, not just the narrow-body 737s that are heavily regulated by the FAA after Boeing’s series of horrendous mishaps. General Electric, RTX, and Honeywell, all big Boeing suppliers and aircraft suppliers in general, are reaping the benefits of the outsized demand for planes in the attendant maintenance boom.”

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The Boeing Company (NYSE:BA) designs, manufactures, and services commercial aircraft, defense systems, satellites, and space exploration technologies. In addition, the company provides maintenance, training, and digital solutions. During the September 22 episode, Cramer called it “too good to ignore,” as he remarked:

“If you bought Boeing on weakness during the strike last fall, you’d now have a nearly 36% gain. These guys have been running circles around the unions for decades. I don’t see that changing anytime soon… Long story short, Boeing’s now officially a Charitable Trust holding thanks to the stock’s recent pullback. So you should know the core case for owning the stock. The company’s gradually ramping up production for its key aircraft models, the 7377… and remains mostly on track with these efforts. Boeing’s balance sheet is much, much better than it was after the huge recapitalization effort late last year.

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Disclosure: None. This article is originally published at Insider Monkey.

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