Jim Cramer: A Crackling Bull Market in Aerospace
NEW YORK (Real Money) --You can talk about froth. You can talk about what the meaning of Zulily (ZU) and its huge premium, or The Container Store
But then you go look at the airplane orders this weekend at the Dubai air show, $100 billion of Boeing
I think Boeing has much further to go. Plus, follow this union issue closely. This company makes a great deal of money off planes, and it has managed to outsource whole functions to other names and then force them to take less than they might otherwise get. That's all simply because Boeing is so powerful to those companies' fortunes.
But the unions are causing huge issues both for timing of planes and margin pressure.
If Boeing moves production for this next iteration jet to another state -- say, South Carolina -- then the out numbers should go even higher.
So, let people jabber on about the high valuations of tech -- including those of the names I am interviewing today at the Dreamforce conference, brought to you by Salesforce.com
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long HON.
Editor's Note: This article was originally published at 7:40 a.m. EST on Real Money on Nov. 18.