Cramer's Stop Trading!: Buy Boeing Stock


NEW YORK ( TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer recommended Boeing ( BA) as a strong buy.

This week, Boeing was upgraded at Goldman from neutral to buy, but Cramer said he wishes that analysts had been more bullish about the stock earlier.

"Where were they before?" asked a bewildered Cramer.

So which Boeing parts suppliers could benefit from Boeing momentum? Cramer named the following: Honeywell ( HON), which he owns for his charitable trust, and Precision Castparts ( PCP), which he calls a "very pure play."

In the meantime, in a sign that European contagion fears were starting to fade, industrials stocks continued climbing late afternoon Wednesday, with Caterpillar ( CAT) rising 3% to $68.06. Even HP ( HPQ) was up 2.5% to $49.64 -- and HP, of course, was among those companies hurt most by the contagion fears, Cramer pointed out.

"I think Europe's coming back," said Cramer, as he pointed out that the Freight Index was at a new high.

-- Reported by Andrea Tse in New York

RELATED STORIES:




Follow TheStreet.com on Twitter and become a fan on Facebook.
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Defense Stocks Take Off as North Korea Tensions Rise

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

FireEye Says Iranian Hackers Target Aerospace and Energy Firms

FedEx Makes A Comeback: Cramer's Top Takeaways