CNBC’s Jim Cramer advised buying the dip in Boeing after shares traded lower for two straight sessions.
“Even with some short-term turbulence, Boeing’s perfectly positioned as the great reopening goes into full swing,” the “Mad Money” host said Monday.
Dozens of 737 Max jets, manufactured by Boeing, were temporarily grounded Friday to address an electrical power system issue in the aircraft. Boeing shares have declined 2% since the announcement, closing below $250 a share Monday.
Cramer, however, said the circumstances do not warrant dumping the stock as Boeing is at an inflection moment.
“Boeing’s got too much going for its shareholders to get spooked by a bad headline,” he said. “I regard…