Jim Cramer -- Buy United Technologies, Costco Despite the Naysayers

On CNBC's "Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, focused on several analyst ratings, starting with Goldman Sachs' downgrade of United Technologies to neutral from buy.

While UTX is up big from the February lows -- when Honeywell (HON) - Get Reportattempted to buy it -- United Technologies is a part of the secular trend in aerospace. Just listen to the conference calls from AAP holding General Electric (GE) - Get Report , United Technologies and Boeing (BA) - Get Report , Cramer said. The trend here is "so good."

This is an industry where the negatively doesn't fit with the reality of the situation, he said. Demand for aircraft is very strong, particularly from China. If United Technologies stock pulls back, investors should consider buying it, Cramer said. 

Turning to Costco (COST) - Get Report , Cramer noted analysts at J.P. Morgan put the retailer on its Focus List. While Costco is another AAP holding, Cramer acknowledged the comp-store sales results have been struggling.

Don't expect much out of Costco's upcoming quarter, he warned, suggesting investors will be much happier if they can get the stock on a pullback.

However, short-term struggles aside, Cramer likes the stock for the long term. Costco has a lot of pricing power when it comes to its membership fees, much like Netflix (NFLX) - Get Report and Amazon (AMZN) - Get Report Prime, Cramer concluded.

At the time of publication, Cramer's Action Alerts PLUS had a long position in GE and COST.