Boeing Is Cleared for Takeoff

People aren't used to seeing Boeing (BA - commentary - Trade Now) rip because they aren't used to seeing what happens when Boeing has a new plane. Boeing is a product-cycle company -- one of the most product-cyclical companies in the world, kind of like Apple (AAPL - commentary - Trade Now) for all of its products, Intel (INTC - commentary - Trade Now) with its big microprocessor introductions or the old Microsoft (MSFT - commentary - Trade Now) when its new products mattered.

When you see that new plane in the air, you are going to convince the sells -- all three of them -- to go to the hold category and several of the holds to go to buys. There are five buys of this stock, but what's incredible to me is that the sells are all major firms that would have immediate effect.

All of these sell and hold analysts feel the pressure right now. They know that Boeing's gains are going to be multiyear and they are dreadfully afraid of missing this one.

When I used to play Boeing, I would just own the darned thing because the cycle is so powerful. It would always have moves at the start of the run as explosive as this one and the world would say, "Darn it all, I will catch it when it gets hit." But this is a product-cycle play not an unemployment play, and it will not march to the tune of the macro numbers as it is a secular growth story.

If you do not have Boeing, pick up an ancillary play. We are buying one for Action Alerts PLUS and feel strongly that we are in the first inning of the move.

At the time of publication, Cramer had no positions in the stocks mentioned.

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Know What You Own: Other aerospace and defense companies include Lockheed Martin (LMT - commentary - Trade Now), Honeywell (HON - commentary - Trade Now) and General Dynamics (GD - commentary - Trade Now). For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.

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