Jim Cramer Says Buy Boeing 'Right Now'

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:11

What's going on with Boeing  (BA) - Get Report?

The Federal Aviation Administration issued an emergency airworthiness directive that is requiring "immediate or stepped-up inspections" of Boeing 777 airplanes that are equipped with Pratt & Whitney PW4000 engines following the engine failure of a 777 operated by United Airlines over the weekend.

"This will likely mean that some airplanes will be removed from service," said FAA Administrator Steve Dickson in a statement. "Based on the initial information, we concluded that the inspection interval should be stepped up for the hollow fan blades that are unique to this model of engine, used solely on Boeing 777 airplanes."

United said that it's voluntarily halting the operations of 24 of its planes to allow the FAA to inspect the engines.

Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Monday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.