This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer: A Crackling Bull Market in Aerospace

NEW YORK (Real Money) --You can talk about froth. You can talk about what the meaning of Zulily (ZU) and its huge premium, or The Container Store (TCS). You can be furious that Twitter (TWTR) hasn't broken down, and that the short that is Tesla (TSLA) hasn't broken down.

But then you go look at the airplane orders this weekend at the Dubai air show, $100 billion of Boeing (BA - Get Report) orders, and you say, "I am not going to let these distractions keep me from this incredible bull market in aerospace." These orders for Boeing are orders for Honeywell (HON - Get Report) and for Precision Castparts (PCP - Get Report) and for B/E Aerospace (BEAV - Get Report) and for Alcoa (AA - Get Report) and Spirit AeroSystems (SPR) and Triumph (TGI - Get Report). We simply can't let what happened with Obamcare, or with social and mobile, keep us from making that money even as Boeing shares are up huge.

I think Boeing has much further to go. Plus, follow this union issue closely. This company makes a great deal of money off planes, and it has managed to outsource whole functions to other names and then force them to take less than they might otherwise get. That's all simply because Boeing is so powerful to those companies' fortunes.

But the unions are causing huge issues both for timing of planes and margin pressure.

If Boeing moves production for this next iteration jet to another state -- say, South Carolina -- then the out numbers should go even higher.

So, let people jabber on about the high valuations of tech -- including those of the names I am interviewing today at the Dreamforce conference, brought to you by Salesforce.com (CRM - Get Report). I think the main chance remains with the industrials and their leader, Boeing.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long HON.

Editor's Note: This article was originally published at 7:40 a.m. EST on Real Money on Nov. 18.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Our Tweets

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs