It's no secret that defense budgets are on the move around the globe. But, shares of defense stocks might be due for a breather.
Hurricanes Harvey and Irma destroys lots of homes and autos. Look for everyone from insulation-maker Owens Corning to car-radio service SiriusXM to benefit.
The firm also views demand, especially in gasoline, to be returning to normal.
Hurricanes are actually good news for refineries.
Stocks of great companies do get cheaper as they go lower, says Jim Cramer. Use that to your advantage.