Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer's Thoughts on Boeing's Earnings Report

Video Credit: The Street - Duration: 01:40s - Published < > Embed
Jim Cramer's Thoughts on Boeing's Earnings Report

Jim Cramer's Thoughts on Boeing's Earnings Report

In its first quarter earnings report, Boeing announced that it will pause share buybacks and is withdrawing its full-year 2019 financial forecast due to issues surrounding its 737 Max aircraft.

Shares of Boeing initially fell in premarket trading after the release of its report but bounced back slightly into black heading into midday Wednesday.

Jim Cramer weighed in on what Boeing's latest round of earnings could mean for the stock as well as investor sentiment .

"The fact that the stock is up is indicative of the fact that people really feel that they're going to get their arms around this," Cramer said, referring to Boeing's chance of rebuilding its tarnished reputation around safety.

But he added, "Had Boeing from the day of the first crash said, "We're shutting this thing down, we want to find out what happened, Boeing would be at $408.

They fooled around with safety.

Now they basically kept insisting everything's fine...Boeing was, I think, too confident, now they're paying for the confidence and I don't want to pay for the stock here." The company's earnings report was in line with Wall Street expectations.

In the report, costs rose $1 billion due to its 737 Max planes being grounded, the company's revenue fell 2 percent from the year-ago period, while earnings slid 18 percent.

Boeing is Real Money's Stock of the Day.

Related.

Boeing: Whether You're a Bull or Bear - Why Here?

Why Now?

Watch Jim Cramer's Daily NYSE Show and Replays Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer's 7 Deadly Investing Sins: Sin No. 4 - Arrogance [Video]Jim Cramer's 7 Deadly Investing Sins: Sin No. 4 - Arrogance

Jim Cramer's 7 Deadly Investing Sins: Sin No. 4 - Arrogance

Credit: The Street     Duration: 02:17Published

Jim Cramer's 7 Deadly Sin: Sin No. 3 - Too Much Emphasis on Technical Signals [Video]Jim Cramer's 7 Deadly Sin: Sin No. 3 - Too Much Emphasis on Technical Signals

Action Alerts PLUS portfolio manager Jim Cramer sees a fundamental shift in investment cash flows happening as investors rotate toward stocks with lower price-to-earnings multiples and away from stocks..

Credit: The Street     Duration: 01:30Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.