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.
China Order Falls Below Market Hopes
"One thing he agreed to today, he’s going to order 200 jets … 200 big ones," Trump said on Fox News' "Hannity," referring to Xi. The order would be Boeing's first from China since Trump's 2017 Beijing trip, when China agreed to buy 300 Boeing jets.
Reuters noted that China has also been in talks over a similarly sized deal with Airbus SE (OTC:EADSY), Boeing's European rival. Airbus overtook Boeing for the majority market share in the 2010s and operates an A320 final assembly plant in Tianjin, while China continues to need aircraft from both manufacturers to meet rising travel demand.
Boeing Recovery Remains Central Focus
Boeing CEO Kelly Ortberg joined Trump's delegation to Beijing, placing the company at the center of trade and aircraft discussions. Ortberg said during Boeing's first-quarter earnings call that he was "confident" the summit would include aircraft orders and that Trump had been "very focused" on supporting Boeing in international campaigns.
Boeing is expected to report second-quarter 2026 results on July 28. Its first-quarter revenue rose 14% to $22.2 billion, while its core loss narrowed to 20 cents per share as commercial deliveries improved and 737 production stabilized at 42 jets per month.
Benzinga’s Edge Rankings place Boeing stock in the 65th percentile for quality and the 25th percentile for value, reflecting its mixed performance in both areas. The stock offers a favorable Price Trend across ‘Short’, ‘Medium’, and ‘Long’ term.
Price Action: On Thursday, Boeing stock fell 4.73% to close at $229.21, recovering 0.30% in after-hours trading. On a year-to-date basis, the stock was up 0.63%, as per Benzinga Pro.
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