Jim Cramer: Boeing Is Better Than We Thought

Boeing  (BA) - Get Free Report posted its first quarterly profit in more than two years, reporting adjusted earnings per share of 40 cents on revenue of $17 billion. 

The surprise profit paired with strong cash flow had Jim Cramer optimistic on the stock Wednesday. 

"What I see from Boeing is a much stronger Boeing than we thought," Cramer told Action Alerts PLUS senior analyst Jeff Marks. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 7/28

Boeing is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.