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"There's a lot of money to be made in security stocks and military stocks," Jim Cramer told viewers of his "Mad Money" TV show Monday, which was dedicated to his favorite security picks that were highlighted in prior shows.
(To read more on the individual stocks Cramer featured, click on the links in each segment below, which will take you to that particular episode.)
Before Cramer detailed the stocks, he told viewers to keep in mind that this is probably the time to be getting defensive stocks, not defense companies.
"I can't honestly tell you that the security game is in bull mode, but I can tell you that when the bull comes back, you'll want a shopping list of great security and defense companies," he said.
Cramer said he's not sure when defense companies will get a boost, but when they do, he wants his viewers to be ready with the best plays out there.
He started with defense contractor
and referred to the
April 21 show.
Although Cramer said he likes the stock, it is down about 7% since, and he doesn't believe it's a good time to buy it.
"I want you to keep this baby in mind in the future, not buy it up right now, even with their mega-buyback and recent dividend boost," he said.
Cramer reminded his viewers to be especially wary about buying these security stocks, beause they're not always riding the bull. "But when they do, you need to be prepared with your gas mask, and your security cameras, and grenades and a phone to call your broker to buy these stocks," he said.
With that in mind, he named his second stock in the security game,
, and took his viewers back to
March 21, when he recommended it.
Since then, Analogic has gone down almost 25%.
"They've got a health care component, in addition to the security, and they're a high-multiple, a high-growth stock, which meant they got killed in the selloff," Cramer said, adding that it didn't help that the company reported a bad quarter in early June.
However, he still believes Analogic has the right stuff, and if players don't buy it when it's cheap, he said they'll have to "defend themselves from an ugly missed opportunity."
Cramer told his viewers to look at real weakness in the security and defense business as a buying opportunity, as long as it looks like the war on terror will be a permanently profitable fixture.
Next he moved on to
, an Israeli company. Cramer said it's no secret that the Israelis have the most practice in the security game, he said. Cramer
recommended Nice on March 15.
Nice reported a solid quarter, with more than 30% sales growth after Cramer advised viewers to buy it. It is an aggressive play that people should consider when moving into aggressive mode, he said.
is another stock Cramer suggested people look into, and
referred to the March 9 show.
After that show aired, Osi Systems won an impressive $125 million lawsuit against
, Cramer said.
Also, after Cramer called Osi Systems a buy and it came down, the company reported an amazing quarter, with 6 cents a share of earnings, as opposed to the 3 cents expected by analysts, he said. In addition, its security revenue was up 26%.
Having a Viisage
Cramer looked back at
( VISG), which he had featured in the
Feb. 15 show.
Sure the stock went down big after he told you to buy it "but that was all arbitrage pressure from the
( IDNX) merger," Cramer said. "When a face-recognition company merges with a fingerprint ID company, you've got a police-state powerhouse."
Axsys and Edo
Cramer concluded his security show with two stocks:
( AXYS) and
( EDO), both of which he
summed up on Feb. 8.
During the next big rally we get in the security and defense space, Cramer believes any one of these picks -- General Dynamics, Analogic, Nice Systems, Osi Systems, Viisage, Axsys or Edo -- could make people some serious money.
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