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.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.