Cramer's Mad Money Recap: Come Fly With Boeing

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"When Boeing beats the estimates, and it raises guidance, I need you to think like I do," Jim Cramer told his "Mad Money" viewers on CNBC Wednesday night.

Investors get to play airplane mechanics -- open up the Boeing plane and buy all of the parts that go into it, Cramer said.

Indeed, at the end of the day, Boeing(BA Quote) really just puts all the parts together. So, when Boeing gets lots of orders, all the companies that make the parts go up, he said.

Cramer recommended that investors buy BE Aerospace(BEAV Quote), which makes a lot of the cabin components; Honeywell(HON Quote), which makes most of the stuff in the cockpit; and United Technologies(UTX Quote), which makes power controls and propeller engine controls.

Other parts makers include SAF, a Paris company; Rolls Royce, which trades on the London Stock Exchange; Moog(MOGa Quote); Ducommun(DCO Quote); Woodward Governor(WGOV Quote), which sells energy control systems for jet engines; Parker Hannifin(PH Quote); and Triumph Group(TGI Quote).

Cramer said that Boeing always moves up before the parts makers, so there is still time to make money with these companies. If you could own only three of them, Cramer said that BE Aerospace, Honeywell and United Technologies are the "must-own" names in the group.

Cell Side

How about a stealth bull market? Cramer said the companies that own the cell-phone towers are in "one of the quietest bull markets I have ever seen." Cramer noted that companies like Verizon(VZ Quote) and Sprint(FON Quote) are in an ultracompetitive business. In order to improve their services, and support the booming cell-phone business, "providers must add antennas" to their cell-phone towers, he said. Nobody talks about the phone towers, Cramer said, but "I think they've got a lot more to go."

Cramer said that Global Signal(GSL Quote), Crown Castle(CCI Quote), American Tower(AMT Quote) and SpectraSite(SSI Quote) are the names to look at.