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Cramer's 'Mad Money' Follow-Up: Aerospace

On Thursday's "Mad Money" show, Jim Cramer predicted an impending bull market in aerospace and encouraged viewers to get into the sector.

Boeing (BA - Get Report) is rated buy by only three analysts, which Cramer said provides an opportunity for upgrades. Also, the company's 787 plane will be flying soon.

On Friday, Boeing closed up $2.08, or 4.1%, at $52.65.

Boeing's suppliers will also benefit, he said, including Allegheny Technologies (ATI - Get Report), Alcoa (AA - Get Report), Precision Castparts (PCP - Get Report), United Technologies (UTX - Get Report) and BEA Aerospace (BEAV).

On Friday, Allegheny added 55 cents, or 1.4%, to $40.91; Alcoa added 25 cents, or 2.3%, to $10.94; Precision Castparts closed up $2.38, or 2.8%, at $87.68; United Technologies gained $1.26, or 2.3%, to $56.39; and BEA Aerospace closed up 57 cents, or 3.5%, at $16.81.

Cramer put Wind River Systems (WIND) on the Sell Block on Thursday because of Intel's (INTC - Get Report) takeover bid for the company. He'd recommended Wind River about a year and a half ago as a possible takeover play, and the stock is up 35% since then.

On Friday, Wind River lost 13 cents, or 1.1%, to close at $11.63.

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

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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