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
(BA - Get Report) for his charitable trust,