Cramer's Boeing Labor Strike Losers
915 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons3
DESCRIPTION:

Date updated:10-02-2008

Cramer said with both sides of the labor dispute gearing for the long haul, Boeing's suppliers just cannot be owned.

symbol name last price % change open
  • +
  • BA
    Boeing Co
  • $54.68
  • +1.69%
  • $54.75

With the labor strike at Boeing's (BA) now entering its third week, Cramer said the real loser is not the aircraft maker or its employees but the company's suppliers. He put Boeing, along with all of its suppliers, squarely in the Thursday "Sell Block" segment.

People owning BA also tend to own: AIGCCPWRDISFWLTGSHAL

TheStreet.com Rating: C What is this?

  • +
  • SPR
    Spirit Aerosystem
  • $19.53
  • +1.77%
  • $19.42

He said that Spirit AeroSystems (SPR), which derives 87% of its sales from the now idled Boeing, has already cut its workforce to a three-day work week and said layoffs are looming. The company will see a 6% hit to 2008 earnings if the strike lasts a month.

People owning SPR also tend to own: AAPLAGNALTASCABACOFCSCO

TheStreet.com Rating: C- What is this?

  • +
  • ROK
    Rockwell Automat
  • $45.66
  • +3.77%
  • $44.80

Next on the list is Rockwell Automation (ROK), which depends on Boeing for 14% of its sales. The company has just laid off 80 people.

People owning ROK also tend to own: CROXDDKSSAAPLADBEAGNAMT

TheStreet.com Rating: C What is this?

  • +
  • PCP
    Precision Castpar
  • $110.90
  • +2.79%
  • $109.77

Third is Cramer favorite, Precision Castparts (PCP). Cramer said the company gets 17% of its sales from Boeing and will take a 1.7% earnings hit if the strike lasts a month.

People owning PCP also tend to own: AAAMEATICAGCEGCMICOL

TheStreet.com Rating: B- What is this?

  • +
  • GR
    Goodrich Corporat
  • $61.36
  • +0.62%
  • $61.60

Finally, Cramer said both Goodrich (GR), maker of aircraft wheels and brakes, and composite maker Hexcel (HXL), are at risk of big losses from a lengthy strike.

People owning GR also tend to own: CACLECSCOFITBGEKMPKR

TheStreet.com Rating: B What is this?

  • +
  • HXL
    Hexcel Cp Delawar
  • $10.97
  • +5.48%
  • $10.61

Finally, Cramer said both Goodrich (GR), maker of aircraft wheels and brakes, and composite maker Hexcel (HXL), are at risk of big losses from a lengthy strike.

People owning HXL also tend to own: HANSRSHAAPLCCAKECSCODNDN

TheStreet.com Rating: C What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Dec. 4, 2009 According to Jim Cramer, the bears need a new line of argument. He said the doom-and-gloomers have been very quiet of late, but...

12.04.09 | 09:43 AM
Top-Yielding Monthly Dividend St...

By Fred Fuld Posted on Dec. 3, 2009 Everyone can appreciate the security offered by a regular income, whether in the form of a paycheck or retirement check -- or a divi...

12.03.09 | 16:15 PM
Cramer's Take on Headline Stocks...

Posted on Dec. 3, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much in...

12.03.09 | 14:40 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Dec. 3, 2009 The traders of CNBC’s “Fast Money” think the path of least resistance for the stock market remains to the upside. On Tues...

12.03.09 | 12:05 PM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Banjo's Garden Pic Thread
05.10.09 | 12:33 PM From author banjoman
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
more forums
Q. Does anyone know of a good site,...
12.05.09 | 10:35 AM Asked by rleal

A. im not sure it exists. perhaps it does,
but it sounds more difficult than
finding Santa Claus

today 's lists
Earnings Announcements

Here is a list of some of the companies that will report earnings on Monday (Dec. 7, 2009). For some of the companies below, EPS estimates* are provided. * Analyst op... more

Dividends: Tomorrow's Ex-Divide...

Below is a list of some of the companies that have their ex-dividend date Monday, Dec. 7, 2009. What is the ex-dividend date? The ex-dividend date of a stock is the s... more

Dogs of the Dow

Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on Dec. 3, 2009. more