I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

Well, why don't we talk about some buys, some trades we made for the portfolio?

So we added to Boeing today.

Shares have basically given back all of the positive FAA news we saw last week where they're easing restrictions, allowing them

to deliver more planes and produce more planes per month.

People feel they need to raise money to do it.

I think they might have the cash flow to do it.

The one thing I point out is this thing, this is when it was desperate, okay?

It's not desperate.

It's not in a situation where we have to worry anymore

about the balance sheet, but I think people are thinking, whoa, they have to raise a lot of money.

I don't think so. So they're thinking they might raise money in reaction to the story by the

Wall Street Journal that said Boeing is in the early stages of planning a 737 max successor.

Developing a new program, look, it's necessary here because they

lost share from the 737 max, has a messy history, don't need to go down memory lane. So they do

need to make a new product, but it might eat up cash flow. Bank of America, they have a buy

on it. They write this morning. It's about time that Boeing does this. So they're actually in favor of it.

I agree you. They got to catch up to Airbus. But they say maybe the headline might be too strong. They don't see a new program launch for at least the next few years. So I think that should ease some concerns. We also bought some Costco. Yeah, and this is a reaction to the fact that it's finally gotten the price journey's

multiple lower. Remember, the multiple is really important. We've been waiting. We've been waiting. You know, we had this nice run up. I'm sure that people say, wait a second, it's head and shoulders pattern. What I'm saying is we've now given back almost everything except for the fact that all Costco's done is continue to put up great numbers. Now it does violate our very low cost basis.

I mean, it's like $290.

But again, the stock is down 15% from its high.

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