RealMoney Radio: Boeing Boom

Boeing ( BA) is the best company in the aerospace market, Jim Cramer told a caller on his "RealMoney" radio show Tuesday.

He said he would pull the trigger on this company right now.

Cramer then turned to Gilead ( GILD), which he said is the type of company that will perform well in this type of market. The drug stock, with the probability of three down and 10 up, has less upside than downside, he said, advising the caller to wait until Gilead comes in a bit before buying some. (The stock was recently trading at $61.48).

BEA Systems ( BEAS) is up from $8 to $11 and it's probably going to give half of that gain back, Cramer told a caller.

If you can take the pain, then he believes six to eight months out, people will be rewarded for their patience. But right now he said people will not be rewarded as he believes the stock might go down. The Nasdaq is a brutal place right now, he said.

When a caller inquired about Titanium Metals ( TIE), Cramer said he does not want to touch any stock in this group right now.

He said he recommended Allegheny Technologies ( ATI) a while ago and cashed in on the profit. He said the group was too difficult to be in right now.

Cramer told a caller that although Qualcomm ( QCOM), which he owns for his charitable trust, Action Alerts PLUS, is an awful stock, it is a good company.

"It's been a huge disappointment," he said. "I am not blind to what has happened to Qualcomm, but the company is doing well, so I can't give up."

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Qualcomm.

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 Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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