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.
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
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.