Jim Kramer of CNBC said Thursday that he is focused on the defense industry and is referring to four stocks that he believes can be invested.

“There is at least one industry that is now booming and it will continue to evolve no matter what happens to [Federal Reserve] in particular or the US economy as a whole. I’m talking about the burning industry. “ – Said the host of “Crazy Money”.

“Russia’s invasion of Ukraine is changing the situation in the defense industry, and you really have to be ignorant not to notice,” he added later.

Here is Cramer’s list of four protection stocks that can be invested:

  1. Raytheon
  2. Lockheed Martin
  3. AeroVironment
  4. Northrop Gruman

Kramer also noted that the iShares US Aerospace & Defense ETF and Invesco Aerospace & Defense ETF have fallen by about 4% and 5% since the beginning of the year, respectively, while the S&P 500 has fallen by about 18%.

“This is just the beginning. If defense contractors are able to withstand this well during the worst tape in years, I bet they can take off if the market gets a little less hostile.” he said.

He added that the United States and European countries are likely to invest more in defense.

Kramer said the United States, which on Thursday adopted a $ 40 billion security aid package for Ukraine, would have to spend money on replenishing its military stockpiles while continuing to send aid to the warring country.

Referring to recent applications from Sweden and Finland to join NATO, Kramer predicted that the two countries would have to increase their military spending.

“If Sweden and Finland join, they will have to significantly increase defense spending as part of their contractual obligations, but they are likely to do so anyway, given that they live close to Russia,” he said.

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