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

If you're looking for cycles that haven't peaked, Jim Cramer says look at defense stocks. He believes the U.S. defense budget is going to increase given all the geopolitical hot spots around the globe. Cramer likes Lockheed Martin, which is down a lot, Northrop Grumman whose bread and butter is the unmanned drone business and also has a good cyber security business, weapons-maker Raytheon, and Alliant Tech Systems whose stock has been down. He says all of these defense companies have good buybacks and great dividends. Cramer advises investors to look at this group as a place to go in the downturn.