Jim Cramer's Mad Dash: Don't Lose Faith in Boeing, Goldman Sachs

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. 

"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

At the time of publication, Cramer's Action Alerts PLUS held positions in BA and GS.

If you liked this article you might like

Wall Street Looks Past Fed's $4.5 Trillion Balance Sheet for Rate-Hike Signals

Bank Stocks Move Higher Ahead of Federal Reserve Meeting

Former Macy's Herald Square Employees Sue Alleging Racial Profiling of Customers

Morgan Stanley Is Using Snapchat to Recruit College Students and Make Them Rich

The New Goldman Sachs Intern Class Is Revealed -- Here's What They Look Like