NEW YORK (TheStreet) -- If you are looking for cycles that have not peaked, then TheStreet's Jim Cramer suggests defense stocks.

Cramer likes Lockheed Martin (LMT - Get Report) , which has fallen quite a bit, and Northrop Grumman (NOC) , 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.

Must Watch: Jim Cramer Says Defense Stocks a Place to Go in the Downturn

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

LMT Chart LMT data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.