Cramer's Defense Plays
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Date updated:04-29-2007

"Here go the defense stocks again, with Lockheed Martin (LMT) rallying nicely" on Friday 4-27-07. These companies seem to trade in a very strange pattern: They deliver great numbers, raise guidance and then start retreating when everyone thinks the numbers can't be sustained and the Democrats will bust up the party.

Not only are the earnings consistent but the programs are so long-term that anyone who is concerned about a Democratic slowdown is just wildly off base.

Here are Cramer's favorite defense plays.

symbol name last price % change open
  • +
  • LMT
    Lockheed Martin C
  • $75.45
  • +1.23%
  • $75.17

Cramer believes it should be bought and "will continue to do well for several years hence."

People owning LMT also tend to own: ASHBNIBTUCELGENGHANSHTE

TheStreet.com Rating: B- What is this?

  • +
  • GD
    Gen Dynamics Cp
  • $68.04
  • +2.55%
  • $66.95

Cramer believes it should be bought and "will continue to do well for several years hence."

People owning GD also tend to own: CBHCKFRDGXDKSGOOGGSIART

TheStreet.com Rating: B- What is this?

  • +
  • LLL
    L-3 Comm Hldgs In
  • $86.01
  • +1.67%
  • $85.24

Cramer believes it should be bought and "will continue to do well for several years hence."

People owning LLL also tend to own: CBICXFMDLBTYANBRNWSPTEN

TheStreet.com Rating: B What is this?

  • +
  • NOC
    Northrop Grum Hol
  • $59.55
  • +2.73%
  • $58.57

Cramer believes it should be bought and "will continue to do well for several years hence."

People owning NOC also tend to own: ADMAIZALLCBCNICOPCSC

TheStreet.com Rating: C What is this?

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