NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at Goldman Sachs (GS) , which is "trying to rationalize its workforce," he said.
The company is putting more focus on businesses that are doing well, such as M&A and corporate finance, and less focus on businesses that aren't doing as well, such as fixed income.
Read More: Warren Buffett's Top 10 Dividend Stocks
"I think it's a very smart move," Cramer added, suggesting that the stock will eventually go back to trading with a premium earnings multiple.Turning to Boeing (BA) , Cramer considered why the stock has struggled since reporting its second quarter earnings results in late July. While there were some concerns in the quarter, investors should not lose faith in Boeing, Cramer said. It should do well in the second half of 2014, he concluded. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell Read More: For Apple Consumers, the iPhone Thrill Is Gone
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts