Jim Cramer Gloats After Getting The Boeing Company (NYSE:BA)’s Shares Right
Jim Cramer is celebrating his accurate prediction about The Boeing Company (NYSE:BA) as the stock shows positive performance, up 2.5% over the year and 2.4% year-to-date. Despite missing analyst estimates on loss per share, Boeing's recent second-quarter earnings report highlighted a strong free cash flow of $631 million, significantly beating expectations and driving a 9.9% increase in share price since the report. The article discusses the ongoing debate between bulls, who cite revenue growth and a large backlog, and bears, who point to a high forward P/E multiple, Q2 loss, and substantial debt.
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