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Cramer: The Smart Money Is in Industrials

The industrial stocks are hot, Cramer said during Wednesday’s “Stop Trading,” calling them “the major cord of this market.”

“The money is being made in these industrials,” the “Mad Money” host said, “and that’s what people have to focus on.”

Cramer named Emerson , Parker Hannifin and Eaton as names to watch, in addition to many of the other big cyclical companies. He said Emerson especially “should be up big off of Rockwell,” which reported a strong quarter on Wednesday, because the two companies are so similar.

“EMR is a buy right here,” Cramer said.

He also pointed to moves in aerospace, saying the strong 2011 guidance from Allegheny Technologies means that related plays Alcoa and Precision Castparts are buys. Cramer said the build for planes is “gigantic,” and while that may not have yet translated into profits for plane makers like Boeing , it has for the suppliers.

Cramer urged viewers to recognize what he says is a “powerful bull market” taking place right now. He likened it to similar rallies seen between 1982 and 1984, 1993 and 1996 and 1998 and 2000, “except for it’s broader.”

When this story published, Cramer’s charitable trust owned Alcoa and Boeing.

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