Jim Cramer was really puzzled about the aerospace group this week. He decided to make it his mission to figure out if this group is peaking, because there is some serious money to be made or lost when it comes to the sector.
The aerospace stocks have been among the strongest out there. The space was suddenly called into question on Wednesday when Boeing reported a decent quarter, but then gave very weak guidance. Immediately, investors worried that the aerospace sector could be peaking, and Boeing's stock plunged almost 9 percent in a single session.
Even though Boeing got the most attention, there was also other bits of news that came out that had a much different takeaway. United Technologies issued a brighter outlook for its aerospace business. Additionally, Honeywell reported on Friday and reported similarly positive guidance, including in its aerospace division.
With these conflicting signals, Cramer boiled it down to two possible theories. Maybe the aerospace industry is peaking, and Boeing is just seeing it before the others.