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"When Boeing beats the estimates, and it raises guidance, I need you to think like I do," Jim Cramer told his "Mad Money" viewers on
Investors get to play airplane mechanics -- open up the Boeing plane and buy all of the parts that go into it, Cramer said.
Indeed, at the end of the day,
really just puts all the parts together. So, when Boeing gets lots of orders, all the companies that make the parts go up, he said.
Cramer recommended that investors buy
, which makes a lot of the cabin components;
, which makes most of the stuff in the cockpit; and
, which makes power controls and propeller engine controls.
Other parts makers include
, a Paris company;
, which trades on the London Stock Exchange;
( WGOV), which sells energy control systems for jet engines;
Cramer said that Boeing always moves up before the parts makers, so there is still time to make money with these companies. If you could own only three of them, Cramer said that BE Aerospace, Honeywell and United Technologies are the "must-own" names in the group.
How about a stealth bull market? Cramer said the companies that own the cell-phone towers are in "one of the quietest bull markets I have ever seen." Cramer noted that companies like
( FON) are in an ultracompetitive business. In order to improve their services, and support the booming cell-phone business, "providers must add antennas" to their cell-phone towers, he said. Nobody talks about the phone towers, Cramer said, but "I think they've got a lot more to go."
Cramer said that
are the names to look at.
Of the four, Cramer said Global Signal is best of breed. The company also sports a 4.2% dividend. Crown Castle has seen recent insider selling by management, he said.
American Tower and SpectraSite, meanwhile, are in the middle of merging. And Cramer said that there is no need to do merger arbitrage. At the end of the day, Cramer said that the cell-phone tower business is a really good one. But "Global Signal is best in show."
Boy, Oh Boyd
Finally, Cramer spoke with
CFO Ellis Landau via telephone. On Tuesday night, the company posted mixed second-quarter results -- its earnings topped expectations by a penny, but sales were below forecasts. On Wednesday, shares fell more than $4 a share. Landau said that Boyd reported a great quarter and doesn't know why the stock was down so much on Wednesday.
The company also forecast third-quarter earnings of 53 cents to 56 cents a share, ahead of the 52 cents that analysts polled by Thomson First Call had been expecting. After listening to Landau's take on the quarter, Cramer said that he believes "the stock is right for a buy here," especially with the stock down $4.
'The Lightning Round'
Cramer was bullish on:
Engineered Support Systems
Great Plains Energy
( SIRF) and
Cramer was bearish on:
Charles & Colvard
Las Vegas Sands
Silicon Storage Technology
( SLR) and
At the time of publication, Cramer was long Boeing.
James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by
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