We are buying 80 s of Boeing at roughly $217. ing the trade, Jim Cramer's Charitable Trust will own 240 s of BA, increasing its weighting to 1.4% from 0.96%.
We initiated a position in the aerospace giant on Monday, and are stepping back in to pick up more s at more than 5% below our basis.
When building a new position, we always aim to make every new purchase at a price point that's lower than the previous one.
Each new buy should serve to reduce the overall weighted average cost basis of the position. Of course, we don't buy blindly; our investment thesis must stay intact.
JPMorgan said Boeing s fell Thursday after CEO Kelly Ortberg said at a conference that the aircraft maker was falling behind on certification for the 777x.
While that isn't good news, delays this are not uncommon. Therefore, the resulting stock drops can be viewed as buying opportunities — so long as the delays don't turn into order cancellations.
Revenue missed in one quarter will show up in the next one. We don't see this altering the company's trajectory of cash flow, and cash flow will drive the stock over the longer term.
The news also doesn't change Boeing's as a key bargaining chip in trade talks.
Despite this hiccup, the turnaround is on as Boeing's balance sheet is in a much better place now ing last November's equity raise. The culture is imving under the leadership of CEO Kelly Ortberg.
We're taking advantage of what is ly a short-term dip to build up our newest holding. (Jim Cramer's Charitable Trust is long BA.
See here for a full list of the stocks.) As a r to the CNBC with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
THE ABOVE INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION VIDED IN CONNECTION WITH THE . NO SPECIFIC OUTCOME OR FIT IS GUARANTEED.