Cramer Says AeroVironment (AVAV) Will Rally Under Obama Administration
With the US presidential election now less than 1 week away, Cramer highlighted a stock yesterday on Mad Money which he believes will outperform under an Obama presidency: AeroVironment (Nasdaq: AVAV).
Cramer welcomed AeroVironment's CEO, Tim Conver, to his CNBC show. Conver pointed out that AeroVironment was the innovator of small, unmanned airplanes used for defense purposes and has huge growth opportunities as it sells its products to not only the US military, but also to members of NATO.
Cramer likes AeroVironment given its clean balance sheet, minimal debt and growth prospect. Concluding the segment, Cramer called AeroVironment "one of the few stocks that will rally under an Obama administration."
Shares of AeroVironment are currently trading about 4.6% higher on the Cramer tout. The stock opened at $31.88 and is now trading around $32.00.
AeroVironment, Inc. engages in the design, development, and production of unmanned aircraft systems and energy technologies for various industries and governmental agencies.
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