Comments Off on We’re adding to a stock with future promise whose recent slide has stabilized
We’re buying 45 shares of Boeing at roughly $188 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 535 shares of BA, increasing its weighting to about 2.65% from 2.44%. We’re nibbling on Boeing shares and averaging down our cost basis. This is our first Boeing purchase since the first week of November, when the stock dropped 10% in a matter of days to around $200 after a disappointing third-quarter earnings report, which featured a larger-than-expected charge on its 777x program. The stock continued its slide over the past few weeks, dipping below $180 per share. We didn’t keep adding to this position from $200 all the way down because the stock traded like a falling knife, and we wanted to see it stabilize before putting more money to work. BA mountain 2025-11-01 Boeing since Nov. 1 Over the past week, Boeing has finally shown signs of stabilization. While down Monday, shares were coming off a three-session, 5.5% winning streak. Boeing has been a big disappointment since it was added to the portfolio, but we still think better days are ahead as the aircraft maker increases monthly production and deliveries of its 737 Max jets, leading to a significant boost to free cash flow over the next few years. (Jim Cramer’s Charitable Trust is long BA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club 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 about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB 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 PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
