A 10% Boeing share decline after a disappointing earnings report preceded a planned purchase by Jim Cramer’s Charitable Trust as the company reset its multiyear cash-flow outlook, CNBC reported Nov. 2.
CNBC Investing Club writer Jeff Marks said the Trust planned to add 40 shares at about $173.23 apiece shortly after the U.S. market opened. If completed, the order would lift its Boeing holding to 660 shares and raise the stock’s portfolio weighting to about 3%, from 2.75%. The Trust already owned Boeing, Marks wrote.
FactSet figures cited by Marks put analysts’ free-cash-flow expectation for 2028 at about $10 billion. Boeing management had set the company’s equivalent milestone a year later, in 2029, Marks said. He attributed the delay chiefly to lower commercial-jet deliveries and higher capital spending, including costs for the next-generation Navy fighter contract Boeing won in September. Marks said CEO Kelly Ortberg’s outlook fell short of investor and analyst expectations.
Marks argued that the lower target could prove achievable, and perhaps beatable, if production rises at a careful pace. He also said the multiyear forecast gave investors a clearer view of cash generation than they had in years. Before the latest outlook, Marks said, uncertainty around Max certification and manufacturing and delivery schedules had made planning more difficult.
Marks credited Boeing CEO Kelly Ortberg with changes over the past two years that he said improved company culture, lowered supply-chain risk and helped restore trust. The Federal Aviation Administration (FAA) has certified the Max 7 and Max 10, CNBC reported, with deliveries of those variants expected to begin in 2027.
CNBC presented the plan in a subscriber trade alert, where members receive notice ahead of Trust transactions. The Club’s terms set a 45-minute interval between an alert and a trade, and a 72-hour delay if Cramer has discussed a stock on television.
