Cramer's Boeing Labor Strike Losers
889 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
  • $50.68
  • +0.80%
  • $49.98

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
  • $17.98
  • -0.44%
  • $18.03

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
  • $43.63
  • +1.37%
  • $43.15

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
  • $102.91
  • +2.02%
  • $101.25

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: DISFRKGEINTCKEYKOMAT

TheStreet.com Rating: B- What is this?

  • +
  • GR
    Goodrich Corporat
  • $59.80
  • +1.93%
  • $58.78

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
  • $11.27
  • +1.62%
  • $11.05

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 According to Jim Cramer, investors shouldn’t read too much into Thursday’s market action. He reminded investors that the market has gone up for six...

11.13.09 | 12:48 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 12, 2009 According to CNBC’s “Fast Money” traders, stocks continued to move higher this week, maintaining their strength off the ...

11.12.09 | 11:44 AM
Squeezing the Shorts: Large-Cap ...

By Jonas Elmerraji Posted on Nov. 11, 2009 Recently we put our short-squeeze focus on smaller stocks; this week we’re going large-cap. With higher trading volumes, mo...

11.11.09 | 15:19 PM
Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 10, 2009 After six straight days of gains, the markets are taking a breather today, which gives us the chance to focus our attention b...

11.10.09 | 15:04 PM
more articles
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
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
today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 13, 2009. more

TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV on Sept. 2. Click the URL below each stock to watch the videos. more

52-Week Lows

Here is a list of some of the biggest stocks that hit 52-week lows on Nov. 13, 2009. more