Cramer wants to buy this stock on weakness, remains bullish on two industrials

The market is pausing after recent record highs, with megacap tech still driving strength, notably Apple, which is up over 4% on robust iPhone 17 demand. Boeing's current weakness is identified as a buying opportunity, with a target to add shares at $210. While Microsoft underperformed some tech peers in Q3, it is viewed as consolidating after a significant run, supported by its Azure cloud business. Additionally, industrials DuPont and Honeywell are highlighted for potential gains from planned spin-offs, with DuPont's Qnity Electronics separation due by November 1st and Honeywell's Advanced Materials in late 2025.

Analysis

The market is exhibiting signs of consolidation after the S&P 500, Nasdaq, and Dow Jones Industrial Average achieved record highs, with momentum still largely concentrated in the megacap technology sector. Apple (AAPL) is a notable outperformer, with its shares climbing over 4% on indications of strong demand for its upcoming iPhone 17. In contrast, Boeing's (BA) recent stock weakness is being framed as a tactical buying opportunity, with a specific target to increase exposure if the share price pulls back to $210, despite the stock's nearly 20% year-to-date gain. Microsoft (MSFT) has shown relative underperformance in Q3 compared to other large-cap tech peers, but this is viewed as a healthy consolidation following a 31% rally from its April lows, with its Azure cloud business providing a fundamental long-term advantage. Beyond tech, industrial stalwarts are highlighted for potential value unlocking through corporate restructuring; DuPont (DD) is approaching a November 1st spin-off of its electronics business and is projected to have a potential upside to $100 per share from its current $78, while Honeywell (HON) is planning a similar separation of its Advanced Materials unit for late 2025, leveraging a strategy of spin-offs that has historically proven successful.

Key Decisions for Investors

• Investors should consider initiating or adding to Boeing positions on weakness, using the $210 per share level as a disciplined entry point for this tactical opportunity.
• Evaluate DuPont for potential appreciation leading into its November 1st spin-off, given the stated price target of $100 represents a significant upside from current levels.
• For long-term holders of Microsoft, the current period of consolidation after a significant run-up could be viewed as an opportunity to maintain or accumulate positions, given the underlying strength of its cloud business.
• Given Apple's continued product demand strength and its 'own it, don't trade it' designation, core positions should be maintained to capitalize on the ongoing momentum.