Jim Cramer discussed Northrop Grumman Corporation (NYSE:NOC) as a beneficiary of Trump’s Japan deal. The defense contractor’s shares have gained 22% year-to-date, with a 11% jump in July. Its Q2 earnings report beat estimates, raising full-year profit forecast to $25.20. Cramer previously criticized NOC, but now highlights strong worldwide sales. Despite challenges with the B-21 bomber program, NOC remains a solid investment. However, AI stocks may offer higher returns with limited risk. For insights on AI stocks, check out a free report on the best short-term AI stock. Explore more stocks that could double in 3 years and hidden AI stocks to buy now.

Read more at Yahoo Finance: Northrop Grumman Corporation (NOC) Has Strong Worldwide Sales, Says Jim Cramer