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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Lockheed Martin (LMT) and Northrop Grumman (NOC) : Hillary Clinton and Donald Trump may not have been able to agree on much, but Jim Cramer said that no matter who the candidate, no one wants to look weak on defense. That's why for the first installment of his "Post-Election Playbook," Cramer looked at the defense stocks.
Cramer noted that both Trump and Clinton had pledged to end the sequester and boost defense spending, and that's great news for the likes of Lockheed Martin, which recently posted strong earnings and is transforming itself through a series a smart acquisitions and spin offs. The company also sports a solid 3% yield.
Cramer was also bullish on Northrop Grumman, the aerospace and missile system company that also specializes in military drones.
Cramer said investors aren't likely to be hurt by having either of these companies in their portfolios.
Vulcan Materials (VMC) , Martin Marietta Materials (MLM) : In the second installment of his "Post-Election Playbook," Cramer turned his sights to infrastructure, another sector likely to flourish after the election. Hillary Clinton had pledged $500 billion in infrastructure spending over the next five years, while Donald Trump proposed $1 trillion over the next 10 years.
Cramer said that's great news for the likes of Vulcan Materials (VMC) and Martin Marietta Materials (MLM) , which are already up 26% and 48% for the year respectively, after the first fully funded federal highway bill was passed in what seems like ages.
While shares of Vulcan Materials initially sank after the company missed on its most recent earnings, Cramer noted that they have come roaring right back as investors have seen the long-term trajectory. Martin Marietta, our nation's No. 2 aggregate supplier, shares in the same trends as Vulcan, and also has the added benefit of its Texas Industries acquisition for $3 billion.
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