Cramer says to invest in defense companies as the U.S. looks to rebuild weapons stockpile

CNBC's Jim Cramer on Tuesday recommended investing in defense companies as the U.S. empties its arsenals to aid allies.

"In reality, the rest of the world's only gotten more chaotic, and our government can't do anything about it if we run out of munitions," Cramer saidCramer cited his Tuesday morning interview with RTX CEO Greg Hayes, who said the U.S. has primarily focused on fighting terrorism over the past two decades, and it doesn't have the capacity to supply land wars in both Ukraine and the Middle East.

"Our country's paltry land war-making capacity makes us a weaker arsenal of democracy, and sooner or later, either the White House or Congress will change how our defense budget gets spent," Cramer said."That makes the big defense contractors investible.""After we got out of Iraq, then Afghanistan, it feels like our leaders convinced themselves that we'd have some kind of world peace situation on our hands.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market TuesdayStock futures are up this morning as Wall Street awaits earnings from Big Tech companies Microsoft and Alphabet.
Source: CNBC - 🏆 12. / 72 Read more »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter’s notebook.
Source: NBCLA - 🏆 319. / 59 Read more »

Here are 22 stocks Jim Cramer is watching Tuesday, including DraftKings and McDonald'sHere are some of the tickers on my radar for Tuesday, Oct. 24, taken from my reporter's notebook.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayU.S. equities edge lower in premarket trading Monday, while Club holding Walt Disney is reportedly close to selling its India operations.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer urges patience before buying stocks this week. Here's why.CNBC’s Jim Cramer said investors shouldn’t read too much into Monday’s stock moves.
Source: NBCLA - 🏆 319. / 59 Read more »

Jim Cramer urges patience before buying stocks this week. Here's why.CNBC’s Jim Cramer said investors shouldn’t read too much into Monday’s stock moves.
Source: NBCDFW - 🏆 288. / 63 Read more »