logo
ENع
#

Latest news with #SquawkontheStreet

Jim Cramer's stance on Boeing stock as the Air India crash investigation continues
Jim Cramer's stance on Boeing stock as the Air India crash investigation continues

CNBC

time18 hours ago

  • Business
  • CNBC

Jim Cramer's stance on Boeing stock as the Air India crash investigation continues

CNBC's Jim Cramer still likes Boeing stock despite the pending investigation into the tragic crash of one of the company's jets in India earlier this month. On June 12, an Air India 787-8 Dreamliner bound for London went down in the western part of the country seconds after it took off. Hundreds were killed. Investors "have to buy" shares no matter the outcome of the crash probe, Cramer said Friday on " Squawk on the Street ." "This is the kind of company that is working in the market," he said on television, while earlier recognizing the tragedy. Any fault on Boeing will only "hurt the stock momentarily," he added. Cramer's comments come on the heels of a price target increase to $275 from $180 by analysts at Rothschild. In Friday's strong market, Boeing shares rose more than 4% to roughly $211. The stock was only a few dollars below its June 11 close before the crash in India. Shares have gained nearly 20% year to date. BA YTD mountain Boeing YTD Rothschild said monthly delivery rates of 63 Boeing 737s and 14 of the 787s could drive the stock higher. Deliveries would potentially add $1.7 billion in post-tax profits, analysts said, a roughly 13% move up in cash flow estimates for 2029. "This could potentially take Boeing's free cash flow north of $14 billion at the end of the decade, above the historical peak of $13.6 billion reached in 2018," analysts wrote. Boeing stock "used to trade at 18 times for cash flow," Cramer said, also referencing Boeing's 2018 stats. "If it goes back to that [2018 cash flow multiple], you can see a substantial move in the stock." Boeing was added to the CNBC Investing Club portfolio's Bullpen on April 10 , the day after President Donald Trump proposed his most severe "reciprocal' tariff measures. Our theory at the time was that Boeing planes would be leveraged as countries sought to reduce trade deficits with the U.S. to appease Trump. That has, indeed, played out as expected, with Boeing getting tons of orders, including a record-breaking order from Qatar Airways of up to 210 aircraft in May, during Trump's Mideast visit. During the Club's June Monthly Meeting on Wednesday, Cramer was itching to buy Boeing but decided to wait.

Dan Niles says investors have to 'forget about' valuations and names his favorite tech stocks
Dan Niles says investors have to 'forget about' valuations and names his favorite tech stocks

CNBC

time21 hours ago

  • Business
  • CNBC

Dan Niles says investors have to 'forget about' valuations and names his favorite tech stocks

Investors can suspend their focus on price-to-earnings and other multiples as the stock market rises to all-time highs, according to Dan Niles, founding partner of Alpha One Capital Partners. "You kind of have to forget about valuations for now," Niles said on CNBC's "Squawk on the Street." "Then we're going to get to Thanksgiving, and I think things are going to hit a wall. But for right now, I'm really enjoying the ride." Niles' comments come as the S & P 500 rallied to a new record on Friday, the latest milestone in the stock market's dramatic comeback following the April sell-off triggered by President Donald Trump unveiling his tariff policy. Niles said companies should have a good second-quarter earnings season and geopolitics are improving. The Lehman Brothers alum also said he expects the Federal Reserve to cut interest rates, despite his personal belief that the central bank does not need to lower the cost of borrowing. Niles said he's standing by his call for Cisco as a top pick into the second half of this year. The networking equipment maker has sold at multiples below other artificial intelligence plays, and the stock could benefit from a push to invest in the networking side of AI, the money manager said. Cisco shares have climbed more than 16% in 2025, on track for their third straight winning year. The stock hit a 52-week high in Friday's session, its highest since the end of the dot-com bubble in 2000. The majority of analysts have a buy rating on Cisco, according to LSEG. The consensus 12-month price target suggests the stock might rise another 3%. Niles also highlighted Nvidia and Microsoft , saying the two are his favorite members of the Magnificent Seven. Niles said Nvidia is coming off of a major write down and that Microsoft is turning a corner with its Azure business. Both stocks hit all-time highs in Friday's session. Nvidia shares have risen more than 17% so far in 2025 after more than doubling in 2024 and more than tripling in 2023. The consensus rating among Wall Street analysts remains a buy, with the average price target suggesting more than 12% in upside. Shares of Microsoft have jumped about 18%, also placing the stock on track for its third straight winning year. Most analysts also have a buy rating on Microsoft but an average price target implying about 3% upside, according to LSEG. NVDA MSFT YTD mountain Nvidia and Microsoft in 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store