NEW YORK (TheStreet) -- If you are looking for cycles that have not peaked, then TheStreet's Jim Cramer suggests defense stocks.
Cramer likesLockheed Martin(LMT) - Get Report , which has fallen quite a bit, and Northrop Grumman (NOC) - Get Report , which works with cyber security systems and unmanned drones, is coming in for sale. Cramer also points to weapons maker Raytheon (RTN) - Get Report and Alliant Techsystems (ATK) .
Cramer says he does not believe investors should abandon these stocks with all the hotspots around the globe. He expects the defense budget to increase, so these stocks would be a good place to be if that were to happen. Cramer also notes the companies' decent buybacks and great dividends. Therefore, he calls this group a place to go in the downturn.