The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Sen. Elizabeth Warren has called on lobbyists to be banned from donating and fundraising for their preferred campaigns. Her new plan represents the latest shift for Warren who...2020 Electionsread more
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.Oilread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
If you can move quickly, Jim Cramer thinks you should.
He believes certain stocks could make substantial gains, quite soon, and therefore he suggests establishing a new position now.
And by now, he means right now.
The "Mad Money" host is looking for a bullish catalyst as soon as Wednesday, in the form of the President's speech to the nation in which Mr. Obama is expected to pitch his plan to defeat , the successor group to Al-Qaeda in Iraq.
According to a story in the New York Times, which provided the spark for Cramer investment thesis, the Present is expected to tell the nation that the campaign could take as long as 3 years.
Given this development, along with the uncertainty in Russia, "I think one thing becomes very clear," Cramer said. "Our military spending is going to start increasing again because we're going to need a lot more missiles, more bombs, more tanks, and especially more bullets."
Although Cramer believe the recent acts of terror are unconscionable, he also says that Wall Street will view developments through the disciplined lens of an investor.
And pros will be keenly aware that, "when we enter into multi-year military campaigns, our defense companies make money. Therefore, I think you should do some buying before Wednesday's big Presidential address, especially since most of the defense contractors have been lagging the market for 2014 and they're much cheaper than the average stock in the S&P 500."
Following are stocks that Cramer would put on the radar.
"First and foremost, I like Alliant Tech, the maker of missiles, aerospace parts, and bullets," Cramer said.
Although the company is currently spinning off its sporting group, which makes ammunition for the non-military market, Cramer said he likes both parts of the company, and believes his bullish outlook is reflected in recent earnings.
"Alliant's last quarter, reported at the end of July, was very strong, with the company reporting a gigantic earnings beat on better than expected revenues, and that was before the administration had decided to really go after ISIS. Just imagine how well Alliant Tech might do once the Pentagon starts spending money aggressively again. I think you own this company right into the breakup."
If you're looking for a different idea, Cramer is also a buyer of Raytheon. "Raytheon's a leader when it comes to making high-tech defense hardware. This war against ISIS is going to be waged from the air, and Raytheon makes the tactical radar systems for our current generation of fighter planes, and I think it's likely they'll make the radar for the next generation bomber that the Pentagon's developing."
Read more from Mad Money with Jim Cramer
Jim Cramer's fantasy stock portfolio
Has nobody noticed elephant in market?
Deckers on brink of revolution?
In addition. Cramer added, "It's hard to go wrong with Lockheed Martin." However, if you're looking for significant upside, Cramer said it's important to note Lockheed has actually outperformed the S&P year-to-date, so it might not have as much upside as an Alliant Tech or a Raytheon. "Still, Lockheed's a terrific company with a history of consistently boosting its dividend, a gigantic buyback, and $3.4 billion in cash on the balance sheet."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org