On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed another one of his "European Stock Picks" series with tonight’s pick coming from Switzerland: ABB Ltd. (NYSE:ABB) as the best pure-play in infrastructure around the world. With their focus on power and automation technologies, he thinks this one is a winner. Its market cap is now over $50 Billion after its shares doubled and plays up and down the entire chain for small to incredibly large infrastructure projects in Asia, Africa, Europe, and North and South America. He also likes the Swiss ‘neutrality play’ for it to win business contracts. Because they are huge in power lines and power plants, they have their future set. They had old left over asbestos issues, but now they have so much cash that they said if they cannot find a good acquisition they will return capital to shareholders.
Last night he featured Philips Electronics (NYSE:PHG) in his "European Stock Picks" series he is doing all week, and you can see his comments here.
Jon C. Ogg
July 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.