Tags: Cramer | Banks | Aerospace | Rally

Cramer: Banks, Aerospace Will Lead Next Rally

By    |   Friday, 30 Apr 2010 09:19 AM

Analyst upgrades are pushing stocks higher, and more of those upgrades will be coming in the bank, aerospace, infrastructure, timber and technology sectors, says investment commentator Jim Cramer.

The Dow Jones Industrial Average recently broke above 11,000 for the first time since Lehman Brothers collapsed in September 2008.

“This move is all about those highly paid Wall Street analysts who have missed the whole rally and are now saying better late than never and upgrading a slew of stocks,” Cramer said on his CNBC show “Mad Money.”

So where will the next wave of upgrades come?

First, banks, Cramer says.

“Despite the endless chatter about second mortgage loans and foreclosures hurting profits, stocks bottomed a long time ago,” he said.

“They trade on new loans, and new loans are fine. They aren’t going bad.”

Cramer likes aerospace too, with Boeing inspiring a multiyear growth cycle.

“We’ll see that in infrastructure stocks, as they get more and more orders, and the timber stocks as housing starts bottom,” he said.

The technology sector will benefit from sales related to new voice and data trends like Apple’s iPad, Cramer says.

He’s not the only stock bull.

“The financial market panic leaves investors woefully under-exposed to stocks, with easy-to-beat expectations, a large pool of liquid-asset buying power and a stellar outlook for profits,” James Paulsen, chief investment strategist at Wells Capital Management, wrote in the Financial Times.

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Analyst upgrades are pushing stocks higher, and more of those upgrades will be coming in the bank, aerospace, infrastructure, timber and technology sectors, says investment commentator Jim Cramer. The Dow Jones Industrial Average recently broke above 11,000 for the first...
Cramer,Banks,Aerospace,Rally
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2010-19-30
Friday, 30 Apr 2010 09:19 AM
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