Jim Cramer and Stephanie Link Stick With Boeing on Alcoa Earnings

TheStreet.com Videos 3:49 mins

TheStreet's Jim Cramer and Stephanie Link discuss Alcoa's good quarter and guidance in aerosopace and auto. They continue to like Boeing. Cramer says Boeing was up the most of any Dow stock last year. he finds it surprising that Boeing went up off of Alcoa and some big orders, only to immediately go down. Patience is required with Boeing even if it goes down more. Cramer advises taking Alcoa at face value: cars and trucks are doing well, which is why they like Cummins and Eaton, and aersopace is doing well too. Link says the stock is not expensive at 8% from its high, the Farnborough Airshow is coming up, at which orders are generally announced, and Boeing is taking some share from Airbus. Link and Cramer think that at some point Boeing will turn around. Cramer says a lot of the misinformation going around is a result of the stock performing poorly. Cramer warns investors to not take cues from the stock because analysts could be too negative. Cramer and Link are focusing on the fundamentals and sticking with Boeing.

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