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"We've got a new aerospace cycle coming, and you need to get in," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.
He said that aerospace will be following in the heels of the current market leaders: technology, oil and the financials.
Cramer made his pronouncement of the coming bull market in aerospace after reading a Page 1 article in the
Wall Street Journal
that reported that
had been invited to bid for up to 150 new jets by
, parent of United Airlines.
Cramer said investors should never invest after reading something in the newspaper, but after a little research, he confirmed the thesis. Cramer said if a troubled airline like United is still able to buy new planes, the bull market in aerospace has arrived.
According to Cramer, Boeing is still unloved on Wall Street, with only three analysts rating the stock a buy, along with 13 holds and three sells. This leaves lots of room for upgrades said Cramer, especially with the touted Paris Air Show beginning on June 16.
Another catalyst working in Boeing's favor, said Cramer, is that its beleaguered 787 aircraft will shortly be in the air. This, coupled with the weaker dollar, which makes the 787 cheaper than its rivals, should generate the long awaited interest for the new model.
The aerospace tide will lift all boats, said Cramer, including the dozens of Boeing suppliers like
Cramer said he's be a buyer of Boeing, or any of these suppliers, on any weakness.
In this Thursday segment, Cramer said it's time to ring the register on
Wind River Systems
, after the company received a takeover bid.
Cramer recommended the stock almost 18 months ago and cited the possibility of a takeover as one of the things he liked about the company. Since that call, the stock has seen a 35% gain.
Cramer also issued a sell on another company about to be acquired,
. Cramer recommended this stock on Feb 13 and shares are up 30% since that call.
Also in the Sell Block, Cramer added
, a high flying biotech company up 82% from its lows in early March.
Cramer said he sees weakened demand for the company's DaVinci surgical robot, with so many hospitals teetering on bankruptcy, crippled by increasing loads of bad debt.
With the company suspending earnigns guidance, Cramer said it's time to ring the register, take profits and move on.
Weathering the Storm
Cramer spoke with
president and CEO Michael Sutherlin about the company's negative outlook for the mining and minerals industry on its conference call earlier today.
Sutherlin said his forecast come from his conservative nature and the fact that he sees the commodities markets declining for another year and a half before beginning to recover. While there are bright spots in the world's economies, the mining industry has huge backlogs to work through first, he said.
Sutherlin said Joy Global has been able to weather the storm be delivering better gross margins through better supply chain management, strong operational excellence programs and cost controls. The company is also seeing better pricing as it begins to work through orders placed in early 2008.
Regarding China, Sutherlin said that country is coming back in a big way, with imports of top commodities at record levels. By comparison, he said, the U.S. market is still working on brining down production levels to meet current demand.
Cramer said he still sees a bright future ahead for Joy Global, given its margins, and despite weak demand domestically.
Cramer told a viewer that he recommends against stop loss orders to protect profits, instead favoring a more hands-on approach of selling partial positions to lock in profits.
Cramer told a second viewer that he's not a fan of
Cramer was bullish on
Advanced Micro Devices
Cramer was bearish on
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At the time of publication, Cramer was long ConocoPhillips.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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