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Aerospace Could Be Getting Ready for Liftoff

By Jim Cramer

 About this article:
 Is a silent stinker getting better? I am talking about one of the other elephants in the room: aerospace. When we survey the landscape of beat-up stocks, we tend to skip over one sector that had been on fire at another time: Boeing and its siblings. The drubbing this group has taken has brought down a whole bunch of once-solid players, everything from United Technologies and Parker-Hannifin to Honeywell and General Electric . Not to mention smaller but good players like BE Aerospace , Precision Castparts and Allegheny Tech . This group's lack of oomph, coupled with a strengthening dollar, has created landmines galore. The fact that there are also defense overtones (and that the Obama juggernaut seems relentless) has also made for some miserable stock activity. The declines have been enormous and hideous. But today things are actually looking up for once....

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