12 Stocks on Jim Cramer’s Radar Recently

3. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 103

A caller asked Cramer’s assessment of The Boeing Company (NYSE:BA) over the next 12 to 18 months. This is what Cramer had to say in response:

“I just think that if we don’t respond correctly to help Boeing instead of just picking on all the time, and then the old regime did do some things wrong, then Boeing’s going to be a tough stock to own, but they do have a lot of cash. They don’t have great cash flow. I think it’s okay. I’d rather, I’m picking other ways to play aerospace now because Boeing seems to just had, it’s snake bit. What can I say?”

Boeing (NYSE:BA) is engaged in designing, building, producing, and promoting a range of products. These include commercial jets, military aircraft, satellites, missile defense systems, and projects related to space exploration. Sound Shore Management stated the following regarding The Boeing Company (NYSE:BA) in its Q4 2024 investor letter:

“The Boeing Company (NYSE:BA): A detractor for the period was global aerospace leader Boeing. We were able to purchase the stock at a prospective 10% free cash flow yield on a normalized scenario. Over the past couple of years the stock rebounded from operational challenges and had surged on improved free cash generation from increasing order activity, driven by global demand for aircraft. It was one of our best performers in the fourth quarter of 2023 after its November plane deliveries increased. When additional manufacturing issues surfaced in January 2024, we believed it would push restructuring efforts back enough to warrant a review by our team. Reacting quickly, we sold our position at a gain in the first quarter, albeit less than before the news.”