Aerospace Is Ready to Lead

Does a rising tide lift all B.O.A.Ts? I am talking about the quad-bull that seems to be the leadership here: banks, oils, aerospace (new one, touched on last night on "Mad Money") and tech? Is it enough? I think so.

Aerospace is ready. The new plane cycle the majors have been waiting for is ready. The dollar's down enough to make it pretty stupid to go with Airbus vs. Boeing (BA - commentary - Trade Now) if you are going to expand your fleet. The new planes have just enough oil-saving to make it so the upgrade is almost going to have to happen.

I keyed on Boeing last night because of the Paris Air Show on June 16 because people are so worried about delays and a lot of those delays will go away when the analysts see the planes in the air. Obviously, the ancillary plays are huge too.

Do not, on a day when employment will be a focus, underestimate the power of this cycle to put people to work all over the country. It's a jobs play with actual profit that does not need government help beyond the dollar staying weaker.

Something tells me that won't be a problem.

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

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Know What You Own: Cramer mentioned Boeing. Related aerospace and defense companies are Lockheed Martin (LMT - commentary - Trade Now), Northrop Grumman (NOC - commentary - Trade Now), General Dynamics (GD - commentary - Trade Now), Orbital Sciences (ORB - commentary - Trade Now), Embraer (ERJ - commentary - Trade Now) and Alliant Techsystems (ATK - commentary - Trade Now).

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