Jim Cramer reiterated his bullish stance on Boeing after the aerospace giant reported second-quarter earnings that featured a free cash flow beat. Boeing posted $24.56 billion in revenue and a loss per share of $0.76, with revenue topping analyst estimates of $24.25 billion while the loss missed the $0.30 estimate. Free cash flow came in at $631 million, far exceeding the $177 million consensus, and shares have risen 9.9% since the report. Cramer told club members that Boeing is ready to run and can go much higher, citing the free cash flow metric as key. The stock is up 2.5% over the past year and 2.4% year to date, with bulls pointing to an 8% revenue increase and a $715 billion backlog, while bears highlight a forward P/E multiple of 833 and $54 billion in total debt.
