On tonight’s MAD MONEY on CNBC, Jim Cramer made his final "Investing In Europe" series pick. He went to France and named Total (NYSE:TOT) as the oil pick as his final pick for the European buy list. He likes their global footprint and they are looking at more developing country energy plays, but they are going where many American companies cannot get as much done. He also likes how well they operate even in Russia and Africa. Their refineries are also being upgraded to process the more sour crude that needs more refining, and this one is cheap compared to some of its US counterparts and is even trading more off its highs.
This series that Cramer did was all full of the big cap stocks in Europe. What this will prove in the end if these all go up is not so much that these were just incredible stock picks. It will prove we are in a major bull market and the market is willing to buy big cap stocks again. You could go make the exact same strategy picks out of Asia and probably come back with the same sort of results. Interestingly enough, in Cramer’s game plan for next week he ran more of a cautious note and suggested taking at least some profits. So it doesn’t seem he’s just going to chase winners endlessly. Cramer made other stock picks from Europe all week in his series, and here they are:
Thursday, he picked BASF (NYSE:BF) out of Germany as a chemical predator.
Wednesday, Cramer picked Siemens (NYSE:SI) as the major conglomerate for Europe that is similar to GE.
Tuesday, Cramer went to Switzerland’s infrastructure pick for the world as ABB Ltd. (NYSE:ABB).
Cramer’s first pick this week was Philips Electronics (NYSE:PHG) out of The Netherlands (NYSE:PHG).
Jon C. Ogg
July 20, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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