The agriculture and aerospace sectors are the two bright spots in the market right now, Jim Cramer said on his "RealMoney" radio show Monday. Previously, companies that make planes and tractors had not been hot because of the notion that the economy is slowing and the Fed has continued to raise rates, he said. But agriculture and aerospace companies are immune to those pressures since most of their orders are from overseas, he said. Cramer said he cares more about the Chinese, Brazilian and European economies when it comes to these sectors, and he added that agriculture and aerospace should not be getting hurt as much as the home market. In the agriculture sector he predicted Deere ( DE) and Agco ( AG) are two companies that should rally in the face of Fed tightenings. In addition, Honeywell ( HON) and Gehl ( GEHL) are two companies that should be going up since Boeing ( BA) is up, he said.
Altria ( MO), which Cramer owns for his charitable trust, Action Alerts PLUS , is close to becoming three different companies, and he believes it is a buy. Altria does two things, he said. It is a tobacco company and a food company. If people buy the stock they will have shares in a domestic tobacco company, an international tobacco company and Kraft Foods ( KFT). People are not behind Altria as much as they are behind other tobacco stocks, and Cramer believes this is a mistake on the part of stock market. Although the domestic and international tobacco businesses have shown good growth since they're a play in China, Kraft has been a terrible stock, he said. But now a lot of companies in the food business are doing well, he said. At $78, he said Altria is not finished going up. He said he sees it as a $100 stock and is one of his favorites out there.