The post Here’s how much you’d have if you invested in BA stock when Jim Cramer called Boeing ‘incredible’ appeared on BitcoinEthereumNews.com.

For months, the aeronautics and defense giant Boeing (NYSE: BA) has been imploding due to what can best be described as self-inflicted wounds. BA stock has been on a downward path, falling 6.44% in the last 30 days, 10.75% in the last six months, and 40.51% year-to-date (YTD) to a Boeing share price today, at press time, of $149.77. BA stock YTD price chart. Source: Finbold One expert who has been surprisingly consistent in his bullishness for the aircraft company, even through the turbulence, is Jim Cramer.  Here’s how much Jim Cramer’s Boeing optimism could’ve cost investors For example, in January 2024, the analyst ensured his followers Boeing would soar again, and in November 2023, he said that this year would be ‘their year.’ Still, perhaps the most ironic comment came in April 2023, as Cramer said that the company is ‘incredible.’ Had an investor listened to the popular market analyst and invested $1,000 in BA shares that April, they would have, by October 10, 2024, found that the most incredible thing about Boeing is its downfall. At press time, the aircraft stock is trading at lows not seen since 2022 and is 25.85% below its price on April 13. Thus, the $1,000 investment would have diminished to $741 – a $259 loss. The prelude to Boeing’s downfall Boeing’s woes arguably started in March 2019 with the fatal crash of Ethiopian Airlines Flight 302 – an event that not only killed all 157 aircraft occupants but showed the shortcomings of Boeing aircraft in a rather grim fashion. Equally concerning was the Lion Air Flight 610 crash in October 2018. A similar issue with electronics caused the calamity that killed 189.  Despite the higher toll, the accident did not generate as many headlines as the 2019 catastrophe, as the Ethiopian Airlines…

---

Filed under: News - @ October 10, 2024 9:27 am