Cramer’s Charitable Trust Plans 40-Share Boeing Purchase After 10% Drop

Jim Cramer’s Charitable Trust planned to buy 40 shares of Boeing (BA) at about $173.23 each shortly after the opening bell Nov. 2. The proposed trade followed a 10% decline in Boeing shares last week after its earnings report. If completed, the addition would bring the trust’s holding to 660 shares and raise Boeing’s portfolio weight to about 3%, from 2.75%.

CEO Kelly Ortberg’s multiyear free-cash-flow outlook came in below analyst and investor expectations. Analysts had expected roughly $10 billion in free cash flow in 2028, but Boeing management shifted the timing of that milestone to 2029. Lower commercial jet deliveries and higher capital spending accounted for most of the change. The added spending supported a next-generation Navy fighter contract Boeing won in September.

Jeff Marks, who outlined the proposed trade, gave two reasons for adding the shares. He argued that the reset lowered the bar Boeing needs to clear and could make its targets attainable as production increases gradually. He also pointed to the multiyear cash-flow view as a source of visibility, since Boeing had not offered that kind of outlook in years. His rationale also cited uncertainty around certification for 737 Max variants, along with production and delivery schedules.

Marks credited Ortberg with efforts over the past two years to improve Boeing’s culture, reduce supply-chain risk and restore trust. The proposed addition followed the share decline and reflected Marks’ view that a gradual production increase could make Boeing’s targets easier to reach.

The Federal Aviation Administration (FAA) has certified Boeing’s Max 7 and Max 10. Boeing is expected to begin deliveries in 2027 tied to a key part of its $612 billion commercial backlog.