CNBC host Jim Cramer said that Thursday’s pullback in Boeing Co. (NYSE:BA) shares looked ‘good’ after President Donald Trump announced a new China jet order that fell well short of Wall Street expectations.
Cramer Sees Boeing Drop As Opportunity
The “Mad Money” host wrote on X, “Boeing is very good down ten,” referring to the roughly $10-to-$11 drop in the stock after China agreed to buy 200 Boeing aircraft. The announcement sent Boeing shares down more than 4%, as investors had expected a much larger order.
Details of the agreement were not immediately available, including delivery timing or aircraft types, although the number was far below the expected package. Bloomberg News reported in March that the deal package could include as many as 500 737 Max jets.
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