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On CNBC's "Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said shares of Boeing (BA) - Get Boeing Company Report are performing well, up 1.3%. 

The stock appears to be attempting to break out, even though management didn't report a new surge of orders from the Farnborough Airshow. It's important to see the stock trading so well, Cramer reasoned, because many investors would have thought that shares would have been lower on this news. 

Cramer added Intel (INTC) - Get Intel Corporation Report  shares are up 1% after analysts from Bank of America and Cowen made the case that the stock could break out. They argue Intel could make up a large portion of the iPhone 7. 

If that's the case, "that would be big," Cramer said. Intel CEO Brian Krzanich is doing a great job and too many investors continue to underestimate him, he concluded. 

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.