Jim Cramer: This Is a 'Good Opportunity to Buy Boeing' Stock

Katherine Ross

The commercial aviation and services market will continue to face "significant challenges" due to the coronavirus pandemic, said a report from aerospace giant Boeing.

The 2020 Boeing Market Outlook forecast a total market value of $8.5 trillion over the next decade including demand for aerospace products and services, down from $8.7 trillion a year ago due to the impact of the Covid-19 pandemic.

“We’re a long way from the bottom, which was mid-April, and it’s a long way back from here to full recovery,” Darren Hulst, Boeing’s vice president of commercial marketing, told reporters.

The report, Boeing's first market forecast since the outbreak ravaged the travel industry, said that airlines globally have begun to recover from a greater than 90% decline in passenger traffic and revenue early this year, but a full recovery will take years.

Jim Cramer breaks down what he likes about Boeing and why he'd consider this a buying opportunity.

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Comments (9)
Emmanwo8
Emmanwo8

I still believe in Boeing!

JavierFrausto
JavierFrausto

It's going to be hard to tell about Boeing, a real toss up

AlexM5
AlexM5

I don't think boeing will be able to fully recover

Nikhil Gunderia
Nikhil Gunderia

I hope Boeing makes a recovery, they have just been dealing with one bad situation after another

kperkins2
kperkins2

I knew Boeing would start recovering eventually. I'm glad to see the company heading in the right direction. Like the VP of Boeing said, "they are a long way from the bottom". They also are a long ways from the top so we'll continue to monitor them.