Investors looking to play the Airbus fiasco should think about buying TransDigm (TDG) - Get Transdigm Group Incorporated Report and selling Goodrich( GR), Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
Cramer said the news that Airbus will again delay shipment of its giant A380 airliner is worse for commercial aerospace contractor Goodrich than it is for Transdigm, which Cramer said has much more of a military business.
Cramer also said infrastructure stocks such as
are worth a look. He said Fluor just got another order from
( TXU) and that the stock could be waking up from a slumber, going by its chart.
Cramer said he worries that Wednesday's selloff in bank stocks points to further tightening by the Federal Reserve, but he added that the action could also be driven by options action in the bank stock index, the BKX. "Maybe that's why the banks are down, not just Bernanke," Cramer said, referring to Fed chief Ben Bernanke, whose hawkish comments on inflation Cramer blames for the recent market misery.
Cramer noted that
are getting crushed by
cut prices on some stock trades. Cramer said he believes E*Trade is "interesting" for those eager to play the sector, adding of E*Trade management, "They think the business is really good" right now.
Cramer also noted that
is trading at eight times forward earnings estimates, which makes the brokerage house worth a look.
At the time of publication, Cramer was long Ameritrade.
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