Jim Cramer's Top Takeaways: Lockheed Martin, Northrop Grumman

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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.

LMT Chart LMT data by YCharts

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.

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