TheStreet.com TV Recap: Play the Paris Air Show With Boeing

Cramer says some developing countries are 'underplaned,' and that benefits Boeing.
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With the international Paris Air Show under way, Jim Cramer mused that

Boeing

(BA) - Get Report

would be one way to play it, he said on TheStreet.com TV's Wall St. Confidential

Web video Tuesday.

"A lot of this market is about looking at the headlines and then trying to figure out how to profit from them," he told Farnoosh Torabi, the host of Wall St. Confidential. There are a lot of investors who now look at headlines and sell Boeing when they see

Airbus

has won a lot of contracts, Cramer said.

According to Cramer, market players can play this news with airplane-component companies, such as

General Electric

(GE) - Get Report

,

Honeywell

(HON) - Get Report

or

BE Aerospace

(BEAV)

, or they can play it through the fact that there a lot of orders out there and buy Boeing. The latter, he said, is how he would play it.

"What people should recognize is that we are in a moment in time where investors are coming back to the market and are looking for new ideas," Cramer said. People should look at the Paris Air Show as an indication of a multiyear cycle in aerospace, he said.

Furthermore, "Boeing is very cheap," Cramer said. "And given the fact that Boeing also has defense, which is also in a multiyear cycle, there are two ways to win with Boeing."

What Cramer said he likes about the air show is that it shows there are a lot of new players people never would have thought would be in a position to buy a lot of planes.

When people look at

Delta

(DAL) - Get Report

or

US Airways

(LCC)

, the aerospace sector looks like an industry in contraction, but the Paris Air Show illustrates that it is a "rest of world" play.

"It looks like there are a lot more airplane companies than we realize ... and the carriers are all growing, whether they're in Brazil, Russia or China, and they are underplaned," Cramer said.

Jim 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

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