Jim Cramer Says Buy Boeing's Equity, Not the Bonds
Boeing is, according to CNBC, considering a bond offering.
CNBC's David Faber cited sources in his report.
So, what does Jim Cramer think? Well, he apparently got a phone call from Boeing's CFO right as he was taping StreetLightning with TheStreet's Katherine Ross.
Following the report, Boeing shares are up in intraday trading.
And this report comes a day after Cramer sat down with Boeing CEO Dave Calhoun after earnings.
"The COVID-19 pandemic is affecting every aspect of our business, including airline customer demand, production continuity and supply chain stability," said CEO David Calhoun in Boeing's earnings release.
The company said its loss per share for the quarter came in at $1.70, exceeding the expected loss of $1.60. The company reported a profit of $3.16 during the same period in 2019.
Watch the full video above for Jim Cramer's full take.
Want to know what Jim Cramer and his team at Action Alerts PLUS are thinking about the markets and the stocks they're watching? Sign up on Action Alerts PLUS for more.
Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show.
Watch More of the Latest Videos on TheStreet and Jim Cramer
- Ignoring Oil Could 'Come Back to Bite the Market,' Warns Expert
- Professional Athletes in Business: NBA Hall of Famer David Robinson Says Teamwork is Recipe for Success
- These Companies Filed For Bankruptcy During the Coronavirus Pandemic
- Jim Cramer: People Don't Live in Fear of COVID-19, They Live in Fear of Death
- Jim Cramer: Apple Is Earnings Report to Watch This Week