Cramer's Stop Trading! Europe Is Coming Back (5/12/10)

Includes: BA, BEAV, CAT, HON, HPQ, PCP
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday May 12.

Caterpillar (NYSE:CAT), Hewlett Packard (NYSE:HPQ), Honeywell (NYSE:HON), Precision Castparts (NYSE:PCP), BE Aerospace (NASDAQ:BEAV)

"This is a great moment to own industrials," Cramer pointed out a 3 point uptick in Caterpillar (CAT) after it was beaten down last week on fears over Europe. Since the announcement of a $1 trillion European stimulus and austerity measures initiated by the IMF, industrials seem to be on the way back up. Cramer noted Hewlett Packard (HPQ), the tech company most levered to Europe, was also up 3% on Wednesday; "Europe is coming back," he said.

Cramer reiterated his prediction of a seven year aerospace cycle initiated by Boeing (NYSE:BA) and would buy Honeywell (HON), Precision Castparts (PCP) and BE Aerospace (BEAV).

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