RealMoney Radio: Sector Sense

MetLife (MET Quote) is just an unbelievable stock, Jim Cramer told a caller on his "RealMoney" radio show Thursday.

Prudential (PRU Quote) and MetLife are two insurers he believes people should own. He also recently added Allstate (ALL Quote) to that list, he said.

MetLife is a company that didn't incur a problem with 9/11, and it is not going to have a problem with Stuyvesant Town, Cramer told the caller.

Southwest Airlines (LUV Quote) had a magnificent quarter and is in great shape, he told a caller who inquired about it.

The aerospace sector is a good place to be as there are so few airlines. Cramer predicted that Southwest will go from $17 to $20,.

The pharmaceutical supply business is a good one to be in, Cramer said, when a caller asked about McKesson (MCK Quote), although he prefers MedcoHealth (MHS Quote).

There are very few companies that are in the pharmaceutical distribution business, and Cramer said he believes that Medco is best of breed. Although he said he likes McKesson, he recommended swapping out of it and into Medco.

Safeway (SWY Quote) had one of its best quarters Cramer said. It is a company that he believes will do well in an economic slowdown.

Cramer said that he likes Safeway a lot and paid it his highest compliment, saying that he wished he owned it for his charitable trust.

After being in the dog house for nearly 10 years, Cramer said Disney (DIS Quote) is a winner.

Cramer told one caller that selling Hudson City Bancorp (HCBK Quote) would be a mistake, and he told another caller that World Wrestling Entertainment (WWE Quote) is an extremely well-run organization.

He would wait for WWE to go down to $15 and then he would buy some. The stock was recently at $16.60.

Merck (MRK Quote) is starting to win court cases and has a bunch of really good products, Cramer said, adding that it's a good place to be.

However, Merck is not his favorite drug stock, he said. His two favorites are Bristol-Myers Squibb (BMY Quote) and Schering-Plough (SGP Quote), both of which he owns for his charitable trust, Action Alerts PLUS.

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