Visiting Georgetown as part of his back-to-school tour, Cramer spoke to students about the health of the market and commented that the Dow Jones is coming close to an "all time high" although many analysts continue to be pessimistic. As a "champion of the current market," Cramer lists five stocks worth owning. Although the judge tried to nail MO's light-cigarette business, Cramer believes that the ruling will be overturned and that the company will break up and eventually reach $100. MCD raised its dividend and is an "international growth story." Boeing is making high-quality planes and is beating out its competitor Airbus. Cramer notes that AIG is cashing in because it raised its rates preceding a "benign hurricane season." He believes that HPQ's troubles are almost over and notes that it is beating Dell.
Related: Investopedia Advisor discusses Altria's bounce after its court case.
The Penatgon's budget passed the Senate on Friday and Cramer identified defense companies which will benefit and "can't be stopped." Concerning LMT, he said "Congress just can't say no to" to this F-35 producer which recently raised its dividend. GD makes a variety of defense goods, says Cramer and RTN is "the king of radar" and makes powerful guided missiles. Finally Cramer discussed LLL and CACI which he said would have a "hard time failing to deliver."
Related: Eli Hoffmann notes that LMT and GD have nearly doubled in value since 9-11.
Special Guest: David Gregory
Cramer welcomed chief NBC News White House Correspondent David Gregory onto the program and said that while he had confidence in the market he was worried about a change in the Senate or the House and asked David Gregory for any predictions. He replied that the Republicans, particulary in the House are worried because "the president and they, themselves -- unpopular." Cramer asked how this can be the case when the market is strong, and David Gregory replied "When you have a war like this, it seems to overshadow other things."
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