Jim Cramer’s list of 4 investable defense stocks

CNBC’s Jim Cramer stated Thursday that he’s bullish on the defense market and has 4 stocks in mind that he thinks are investable.

“There’s a minimum of one market that’s thriving today, and it will keep thriving despite what occurs with the [Federal Reserve] in specific or U.S. economy in basic. I’m discussing the defense market, which is on fire,” the “Mad Money” host stated.

“The Russian invasion of Ukraine is a game-changer for the defense industry, and you’d really have to be clueless not to notice,” he later on included.

Here is Cramer’s list of 4 investable defense stocks:

1. Raytheon
2. Lockheed Martin
3. AeroVironment
4. Northrop Grumman

Cramer likewise kept in mind that the iShares United States Aerospace & &(************************************************************************************************* )ETF and the Invesco Aerospace & &(************************************************************************************************* )ETF have year-to-date decreases of around 4% and 5%, respectively, while the S&P 500 has actually plunged around 18%.

“This is just the beginning. If the defense contractors can hold up this well during the worst tape in years, I bet they can soar when the market gets a little less hostile,” he stated.

He included that the United States and nations in Europe will likely seek to invest more in defense.

The U.S., which on Thursday passed a $40 billion security support bundle for Ukraine, will need to invest to renew its own stockpiles of military devices while continuing to send out help to the warring nation, Cramer stated.

Citing Sweden’s and Finland’s just recently released quotes to sign up with NATO, Cramer forecasted that the 2 nations will need to increase their military costs.

“If Sweden and Finland do join, they’ll have to substantially boost their defense spending as part of their treaty obligations — but then again they’d probably do it anyway given that they live right next door to Russia,” he stated.

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