Cramer's 'Mad Money' Recap: Aerospace: The Next Bull Market (Final)

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"We've got a new aerospace cycle coming, and you need to get in," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

He said that aerospace will be following in the heels of the current market leaders: technology, oil and the financials.

Cramer made his pronouncement of the coming bull market in aerospace after reading a Page 1 article in the Wall Street Journal that reported that Boeing (BA) had been invited to bid for up to 150 new jets by UAL Corporation (UAUA), parent of United Airlines.

Cramer said investors should never invest after reading something in the newspaper, but after a little research, he confirmed the thesis. Cramer said if a troubled airline like United is still able to buy new planes, the bull market in aerospace has arrived.

According to Cramer, Boeing is still unloved on Wall Street, with only three analysts rating the stock a buy, along with 13 holds and three sells. This leaves lots of room for upgrades said Cramer, especially with the touted Paris Air Show beginning on June 16.

Another catalyst working in Boeing's favor, said Cramer, is that its beleaguered 787 aircraft will shortly be in the air. This, coupled with the weaker dollar, which makes the 787 cheaper than its rivals, should generate the long awaited interest for the new model.

The aerospace tide will lift all boats, said Cramer, including the dozens of Boeing suppliers like Allegheny Technologies (ATI), Alcoa (AA), Precision Castparts (PCP), United Technologies (UTX) and BEA Aerospace (BEAV).

Cramer said he's be a buyer of Boeing, or any of these suppliers, on any weakness.