Jim Cramer sees a massive Navy contract and decides not to buy more Boeing. Two issues are stopping him. Not one. Two.
The man who screams at cameras for a living found exactly two reasons to hesitate on a company that just won a defense contract large enough to require the word "huge" in the headline. This is the same investment philosophy that brought you Bear Stearns at $62.
Boeing builds planes that occasionally forget how to fly. The Navy wants to give them money anyway. Cramer sees this transaction and thinks "I need to pump the brakes." The brakes he never touched when recommending anything between 2005 and 2008.
Retail traders are now reading this headline and nodding along. Yes, they think. Jim has identified two problems. Two is a number I can understand. That's one more than one. They will write this down in their trading journals next to the entry about how Dogecoin is a inflation hedge.
The issues are not specified in the summary. Could be anything. Could be that Boeing's CEO parks across two spaces. Could be that the Navy contract includes payment in ships instead of cash. Could be that Cramer already owns so much Boeing that his broker sent him a physical letter asking him to stop.
None of it matters. The stock will do what it does regardless of whether Jim Cramer buys more of it. The technical chart doesn't care about your two issues. The 50-day moving average has never watched Mad Money.
But sure. Wait for confirmation. Wait for the third issue to appear so you can finally have permission to ignore a winning defense contractor. By then the stock will have moved thirty points in either direction and you'll be explaining to your spouse why you took investment advice from a man whose job description is "be loud near a soundboard."
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