Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK (TheStreet) -- The smart money is betting with the defense stocks, not against them, Jim Cramer told Lindsey Bell at TheStreet.com Thursday.
He said with defense spending resting solely in the hands of Congress, and Congress needing to be re-elected, no one will stick their necks out, especially given recent events in Libya. Defense spending is a "crowd pleaser," said Cramer.
That's why Cramer has been a buyer of Boeing (BA) for his charitable trust, Action Alerts PLUS, after selling shares at higher levels. He said that other defense names, like Lockheed Martin (LMT), also become attractive when they yield over 4%.Watch the full Cramer interview here. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV