Jim Cramer's Wall Street Confidential Picks, 6/19/07

Recap of Jim Cramer’s comments on Wall Street Confidential, Tuesday, June 19. Click on a stock ticker for more analysis:

Boeing (BA), General Electric (GE), Honeywell (HON), BE Aerospace (BEAV)

Investors are looking to the headlines for new ideas, observed Cramer, who would play the Paris Air Show by investing in Boeing. While some may want to invest in airline-component companies such as GE, HON and BEAV, Cramer prefers buying BA because the stock is cheap and is levered to defense which is in a multi-year cycle; "There are two ways to win with Boeing," he said. The Paris Air Show demonstrates the intensity of the global demand for aircraft, and is an eye opener to those who consider the sluggish peformance of Delta and US Airways as a barometer for the entire sector;"It looks like there are a lot more airplane companies than we realize ... and the carriers are all growing, whether they're in Brazil, Russia or China, and they are underplaned," said Cramer.

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