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NEW YORK ( TheStreet) -- It's time to follow the market leaders into battle, Jim Cramer announced to "Mad Money" TV show viewers Thursday.
All it takes is a quick glance at the list of new highs to see the very best that American business has to offer, he said.
What are some of these great American companies? Cramer said Berkshire Hathaway (BRK.B) is one. He said Warren Buffett's conglomerate has exposure to insurance, household brands and railroads, to name just a few. If Berkshire is hitting 52-week highs, he said, that's a green light to buy a host of other names in those sectors.
Boeing (BA) is another company on Cramer's list, albeit an unlikely one given a labor strike, exploding batteries, a strong dollar and government sequester. Yet, through it all, Boeing, continues to soar. That's great news for not only Boeing, said Cramer, but also for its suppliers and the airlines and the travel and leisure names as well.Honeywell (HON) is also hitting new highs, said Cramer, and that's great news for aerospace, refining, safety equipment and climate controls, among other sectors. Then there are the new highs from consumer staples Colgate-Palmolive (CL) and Johnson & Johnson (JNJ), signaling the consumer is alive a well. In the banking sector, JPMorgan Chase (JPM) has emerged from the financial crisis as the blue-chip survivor, said Cramer, and its new highs signal great things coming in the financial and banking sectors. Even Cisco (CSCO) is making new highs, as that embattled tech giant has redefined itself as the equipment provider for the backbone of the Internet and telco. Follow all of these leaders, Cramer concluded, because they are in control of the markets.
Rising SunTrustWith the next round of government stress test results due out in just one week, Cramer said the time is now to get into shares of SunTrust Banks (STI), a stock Cramer has been buying for his charitable trust,
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