CNBC Investing Club: Cramer’s Morning Take on Honeywell Aerospace 7/8/26

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Jim Cramer (1:02)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

I know that it sounds a little pedestrian-sy. I don't want to give up big gains. But I preach it to you. I also believe it.

SPEAKER_4 (1:32)

Yeah. And look, to your point, the president said this morning that the US will probably strike Iran again and may put on a blockade in the straits. So we'll have to see. These are difficult waters to navigate.

Jim Cramer (1:49)

We also know that he has tended to not follow up on these, which is why people are skeptical. I'm not saying go by Delta. But I am saying, by the way, that you might want to buy Honeywell Aerospace. I think that stock is very mispriced.

SPEAKER_4 (2:04)

Yeah. Look, we nibbled on some yesterday. It was a small buy. It was basically the amount of cash that we raised from trimming Procter, which was up nicely at the time.

Jim Cramer (2:14)

We're not putting in money in.

SPEAKER_4 (2:15)

We sold 11% cash in the portfolio.

Jim Cramer (2:16)

And I like that.

SPEAKER_4 (2:17)

Keeping it defensive.

Jim Cramer (2:20)

If we took it to 12 and we took off some winners, remember, I like that we sold losers. It was tough to swallow the Nike loss. Yeah. But you sell losers first before you sell winners. But you don't want the discipline here, sell losers, keep your winners. But don't let your winners go back to being losers. So you have many cross disciplines. And I want to emphasize to all of you in the club, cross disciplines make it really difficult. It's so hard to come up with a solution which just says, you know what, I want to preserve the gains, but I want to let my winners ride. Because they can be, at times those can be a cross purpose, and you have to go with capital preservation. And one of the reasons I'm worried about capital preservation is there are so many deals on the table, so much money being used up, both in bonds like the Amazon deal yesterday, and then SK Hynex. I want to stay close to SK Hynex because that takes 29 billion. I don't know what you're hearing, but 29 billion is a lot of money.

SPEAKER_4 (3:16)

Sure, and you got to sell something to buy, right? That's always the adage. So it looks like you're just, you know, you want to be careful over the next few days in some of these.

Jim Cramer (3:26)

Exactly right.

SPEAKER_4 (3:27)

I think that's fair.

SPEAKER_5 (3:29)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.