While the market continued to roar higher on Tuesday, Jim Cramer couldn't ignore the cracks starting to appear in the Trump rally, especially for defense stocks.
"Don't get me wrong, I still think the president-elect has a very pro-business agenda, it's just more pro-some-business than others, and the list of those others seems to keep growing," the "Mad Money" host said.
Donald Trump's tweet that claimed the cost of Air Force One that Boeing is building to be more than $4 billion caught Cramer's attention on Tuesday and what it could mean for risk in defense stocks. While the $4 billion figure was unconfirmed, the real issue for Cramer was suasion, or what President Theodore Roosevelt called "bully pulpit."
United Technologies CEO Greg Hayes told Cramer on Monday that there was no quid pro quo in the deal for Carrier with Trump. However, Hayes made it clear that he was cognizant of his company's $6 billion in defense contracts that could be put at risk. Now it is Boeing's turn.
"Just like United Technologies, getting on the next President's bad side could be a serious problem for Boeing," Cramer said.