A crackling bull market in aerospace
I think the main chance lies with this group -- and with their leader, Boeing.
You can talk about froth. You can talk about what the meaning of Zulily (ZU) and its huge premium, or The Container Store (TCS). You can be furious that Twitter (TWTR) hasn't broken down, and that the short that is Tesla (TSLA) hasn't broken down.
But then you go look at the airplane orders this weekend at the Dubai air show, $100 billion of Boeing (BA) orders, and you say, "I am not going to let these distractions keep me from this incredible bull market in aerospace." These orders for Boeing are orders for Honeywell (HON) and for Precision Castparts (PCP) and for B/E Aerospace (BEAV) and for Alcoa (AA) and Spirit AeroSystems (SPR) and Triumph (TGI). We simply can't let what happened with Obamcare, or with social and mobile, keep us from making that money even as Boeing shares are up huge.
I think Boeing has much further to go. Plus, follow this union issue closely. This company makes a great deal of money off planes, and it has managed to outsource whole functions to other names and then force them to take less than they might otherwise get. That's all simply because Boeing is so powerful to those companies' fortunes.
But the unions are causing huge issues both for timing of planes and margin pressure.
If Boeing moves production for this next iteration jet to another state -- say, South Carolina -- then the out numbers should go even higher.
So, let people jabber on about the high valuations of tech -- including those of the names I am interviewing today at the Dreamforce conference, brought to you by Salesforce.com (CRM). I think the main chance remains with the industrials and their leader, Boeing.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long HON.
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If you think about it, transportation manufacturing is really about the only thing we've got left. We still do a fine job of making cars, trucks, boats, planes, tractors and trains, with or without union labor. Now if only we could structure trade agreements to where it would be beneficial to use US companies to build all the components here, too.
Not really sure what happened here, besides another train wreck....
Saw a little somewhat civil discussion about Boeing and then Unions...More about Unions, then the building of Aircraft and being built in the U.S.
Then we wander around the Political spectrum, eventually coming back to discussion of the Constitution and the Founders...
Eventually breaking down into a name calling session...Yup I'm learning a lot here..
Pretty soon there will be a full blown discourse on "scumbags and manipulators.."
Well we have storm damage all around us, and things aren't too pretty...Be happy with what you have and appreciate it....Time for me to start hooking up generators if we are going to survive...
And I only have about an hour left on this thing...Miss LILLY'S laptop...
The South Carolina non-union production line can't get the planes built as fast as the Everett union production line. The wages are higher with the union, but when you have to deliver planes as fast as you can, you have to deliver planes.
Liberals hijack this forum as often as Conservatives - Thumbs Up
Conservatives are always the ones to hijack this forum - Thumbs Down
ABS....Wish I had time to chime in, on your quest and for your son to consider.
He's young, he has a decent job I take it; That's great..
#1....401Ks are IRAs or are treated accordingly, they can be pre-tax or after-tax, go with PRE.
He realizes more gain on his income at this time, can and probably will pay tax on later on withdrawls.
Make sure he maxes to get employer's full match.
Put most into Funds about 60% safe domestic blend, 20% aggressive tech, 10% Foreign, 5-10% in cash type, guaranteed interest.
He's young, he's got time and he can weather storms...Don't let him panic if Markets correct..
I only wish I could have done something similar...AT THAT AGE....
Meanwhile some forget that our economy has been built on a Fiat Based farce system for DECADES. A bull market built on a shady foundation always ends badly. Our job is to profit form it and cash out before everyone else does. The bigger the Scam the bigger the Bust. This will be no different. Yellen is embracing the same BS that Uncle Ben and Greenspan has before her. She will carry the historical blame along with those two. It will soon be an American Tragedy.
Rally? Not so sure ... haven't we just caught up to where the markets were before the financial melt down?
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These hot movers could rise by double digits in coming months.
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