Stop Trading Recommendation From Cramer – Boeing Is Hot!

Jim Cramer appeared pretty bullish on Boeing BA on Wednesday in his Stop Trading! segment on CNBC. Goldman Sachs GS upgraded Boeing’s status from “neutral” to “buy,” but Cramer wishes to see more bullish activity on the trading front. Cramer added that Boeing suppliers such as Honeywell HON and Precision Castparts PCP may benefit from what he calls “Boeing momentum.” Moreover, according to Cramer, due to rising optimism in the European markets, industrial stocks like Caterpillar CAT and tech stocks like HP HPQ are surging. Boeing’s shares were down 4.40% to close at $65.60 and Honeywell’s shares fell 3.71% to $41.81 yesterday. Meanwhile, Precision’s shares lost 4.04% to close at $117.43. Read more on Jim Cramer.