波音公司的股价前景依然充满挑战，除非该公司面临的各种困境（无论是内部因素还是外部因素造成的）能够得到解决。目前存在三个主要的不确定性：波音重返中国市场的具体方案仍不明确；美伊战争的局势持续不明朗；以及波音自身的生产率问题。在首席执行官凯利·奥特伯格（Kelly Ortberg）推出的改革计划实施两年多后，波音公司的股价表现一直疲软——今年以来其股价下跌了约9%，而同期标准普尔500指数则上涨了约12.5%。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
对于本周唐纳德·特朗普总统与中国国家主席习近平举行的高层峰会可能带来的重大波音相关消息，市场普遍持悲观态度。习近平于周三晚抵达华盛顿，两国领导人在白宫进行了会谈，主要讨论了贸易和人工智能等议题。据路透社报道，在会谈开始前，市场对于波音能从中国获得新订单的期望其实很低。实际上，波音公司目前更关注的是促使中国履行其今年5月作出的购买200架飞机的承诺。这笔订单是中国自2017年以来首次向波音公司下达的重大采购订单。然而，由于尚未收到任何来自中国航空公司的正式采购订单，波音很难真正证明自己已经成功重新打入中国市场。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
去年9月，投资者选择买入波音股票的一个主要原因在于：波音公司具有独特的“谈判筹码”作用——特朗普可以利用这家公司在贸易谈判中的影响力，来促使其他国家减少对美国的贸易逆差。虽然中国在今年春季作出的采购承诺是一个积极的信号，但我们希望看到更多具体的后续行动。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
美伊战争：本周，特朗普与伊朗总统马苏德·佩泽什基安在联合国发表的激烈言辞，并未能为华盛顿与德黑兰之间的持久和平或霍尔木兹海峡这一重要石油运输通道的重新开放带来任何希望。这场冲突导致油价飙升，这对航空业构成了严重威胁。由于燃油成本上升，波音公司的股价受到冲击——航空公司因此面临利润压力，可用于购买新飞机的资金也随之减少。波音股票的下跌趋势始于8月初，当时油价再度开始上涨。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
周四，路透社报道称美国和伊朗正在就分阶段结束这场持续七个月的战争以及重新开放霍尔木兹海峡的方案进行谈判。然而，投资者对此类谈判早已习以为常；由于尚未达成任何正式协议，油价和债券收益率依然维持在高位，这对整个股市造成了负面影响。作为美国原油市场的基准品种，西德克萨斯中质原油（West Texas Intermediate）的年度涨幅已超过65%。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
除了这些波音公司难以控制的地缘政治因素外，该公司自身也面临着内部经营困境——多年来由于管理不善，公司仍在努力扭转经营状况。上周四，波音公司再次遭遇挫折：在摩根士丹利举办的拉古纳会议上，管理层表示由于机翼制造问题，737 Max系列飞机的生产恢复至每月47架的计划进度被推迟了。奥特伯格（Ortberg）在会议上表示：“737 Max系列飞机的机翼实际上全部在伦顿（Renton）生产，但我们并未在预定的时间内看到生产流程的改善。”
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
然而，在上周参观了位于华盛顿州伦顿市的波音737飞机制造工厂后，Wolfe Research公司对分析师们所提到的波音公司的“被低估的进展”感到鼓舞。在周三发给客户的一份报告中，Wolfe Research的分析师们虽然承认了Ortberg发布的那些令人失望的消息，但他们表示：“波音公司实现这些目标的时间似乎已经临近（机翼制造将于9月完成，最终组装将于10月完成）；最近几周工艺上的改进确实起到了关键作用。”简而言之，Jim Cramer仍然看好波音公司的前景，但他也承认这是一家需要投资者耐心等待的个股。他在9月的月度会议上表示，在地缘政治紧张局势缓解之前，投资者不应对波音股票过于兴奋。Wolfe Research预计波音公司明年将拥有良好的现金流，这是一个值得期待的积极因素。在当前这个企业复苏阶段，华尔街最关注的就是公司的现金流；如果Wolfe Research分析师们对737 Max飞机制造前景的乐观预测能够成为现实，那么生产更多能够交付给客户的飞机无疑将极大地改善公司的现金流。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
（Jim Cramer的慈善信托基金持有波音公司的股票。完整的投资名单请参见此处。）关于与Jim Cramer共同运营的CNBC投资俱乐部：在Jim做出任何交易决策之前，投资者会收到相应的交易提醒。Jim会在发送交易提醒后的45分钟内，才会在其慈善信托基金的投资组合中买入或卖出相关股票；如果Jim曾在CNBC电视节目中讨论过某只股票，他会在发送交易提醒后的72小时内才执行该交易。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
以上关于CNBC投资俱乐部的信息均受我们的服务条款和隐私政策约束。您收到与投资俱乐部相关的任何信息，并不意味着您需要承担任何信托责任或义务；同时，我们也无法保证任何具体的投资结果或利润。
Boeing stock faces a tough road ahead until some of the headwinds facing the jetmaker — both those in and out of its control — can clear up. We're talking about three areas of uncertainty: Boeing's still-ambiguous re-entry into the Chinese market, questions about the U.S.-Iran war, and the company's own internal production rates. Boeing has become a wait-and-see story as management navigates these challenges, just over two years into CEO Kelly Ortberg's turnaround plan. The Club stock has been an underperformer — down about 9% year to date versus the S & P 500 's roughly 12.5% gain over the same stretch. China trade Expectations for major Boeing news out of this week's big summit between President Donald Trump and Chinese President Xi Jinping are low. Xi arrived in Washington on Wednesday evening. The two leaders held talks at the White House on Thursday, focusing on trade and artificial intelligence ahead of an evening state dinner. According to Reuters, hopes for new Boeing orders from China were sinking going into the talks. Instead, the company is said to be focused on trying to get China to finalize a commitment it made back in May to buy 200 jets. That deal was the first major Chinese order for the aircraft since 2017. However, in the absence of a firm order from a Chinese airline, it will be difficult for Boeing to get full credit for regaining a foothold in the Chinese market. One of the reasons the Club initially bought Boeing last September was because of the company's unique position as a bargaining chip that Trump could use in trade talks with countries that want to reduce deficits with the United States. The spring commitment from China regarding Boeing was a step in the right direction, but we would like to see more concrete follow-up. U.S.-Iran war The fiery rhetoric from Trump and Iranian President Masoud Pezeshkian in competing speeches at the United Nations this week did little to inspire hopes for a lasting peace between Washington and Tehran and a full reopening of the crucial Strait of Hormuz oil transport waterway. The conflict has led to soaring oil prices, which are viewed as a hurdle for the aviation industry. Boeing shares have been hurt on the thought that elevated fuel costs pressure airlines' margins, leaving less cash on deck to buy more planes. The stock's current downtrend began in early August, around the time that oil prices began another march higher. BA YTD mountain Boeing YTD On Thursday, Reuters reported the U.S. and Iran are in talks about a phased deal to end the seven-month-long war and reopen the strait. However, investors have seen this movie before. And with no announced deal, oil prices and bond yields remained firmly higher on the session, which pressured the overall stock market. West Texas Intermediate crude, the American benchmark, is up about 65% year to date. Turnaround challenges Adding to these geopolitical pressures, over which Boeing has little control, the company is still working on turning things around internally after years of mismanagement. Last Thursday was another black eye for Boeing, as management said at the Morgan Stanley Laguna conference that stabilization of its 737 Max production at 47 planes per month is taking longer than planned due to wing issues. "We actually produce all the wings in Renton for the Max line, and we just have not seen the flow improvements that we expected in the timeframe," Ortberg said at the conference. However, after a trip last week to Boeing's 737 manufacturing facility in Renton, Washington, Wolfe Research was encouraged by what analysts called Boeing's "underappreciated progress." In a Wednesday note to clients, Wolfe analysts acknowledged Ortberg's disappointing news but said, "That achievement does appear imminent (wings in Sep; final assembly in Oct), with process improvements in recent weeks making a difference." Bottom line Jim Cramer likes Boeing but admits that it's one of the stocks "we have to bide our time on." Simply put, he said during our September Monthly Meeting that investors "can't get all that excited" about Boeing until geopolitical tensions ease. The Club does expect Boeing to have pretty good cash flow next year, which is a positive to look forward to. Cash flow is what Wall Street cares most about at this stage of the turnaround— and if optimism about 737 Max manufacturing expressed by Wolfe analysts proves prescient, nothing helps cash flow better than producing more planes that can be delivered to clients. (Jim Cramer's Charitable Trust is long BA. See here for a full list of the stocks.) As ar to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.