Cramer: This Dow stock is amazing

While the Dreamliner has been a nightmare for Boeing's public relations executives, the company's stock has been, well, a dream.

Since the start of 2013, the jet-maker is up 42%, more than double the performance of the Dow Jones Industrial Average of which Boeing is a component.

This morning, Boeing released its second-quarter financials, coming in far above analysts' estimates. While the company reported earnings of $1.41 per share, when items are excluded, it was $1.67. That's $0.09 more than expected. Boeing's revenues of $21.8 billion for the quarter were also higher estimates.

The company also reported a backlog of $410 billion, sparking CNBC's Jim Cramer to say on this morning's Squawk Box:

"Who doubts McNerney? Just two Fridays ago, we thought there was an Ethiopian that's going to sink the whole thing. Meanwhile, you cannot get a Dreamliner. I had thought that they were backed up to 2019. When I look at these numbers from McNerney, I believe that it might be 2020 before you can get a Dreamliner. So, this is a remarkable… Cash flow. I mean, talk about operating cash flow doubling. How do you that year over year. That's amazing."

According to Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, the charts say it can get better. "Earlier this year, we emerged from a 15-month bullish base of support," says Ross. "We like to say, 'the bigger the base, the greater the space up above.'"

But is there a macro story that could decide Boeing's next move. Yes, says Steve Cortes, Founder of Veracruz TJM.

To see Ross' charts and to hear what global factors will make a difference for Boeing in the near and long-term, watch the video above.

Follow us on Twitter: @CNBCNumbers
Like us on Facebook: