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.