Another pick that Cramer gave on CNBC’s MAD MONEY tonight as the "escape from the dollar and the U.S. consumer" and corporate refugee series is:
- Textron (NYSE:TXT) now at 40% of international sales coming from overseas and its exposure is still growing.
When Cramer read about Honeywell (NYSE:HON) he learned about a major aircraft spending coming more and more, and the Honeywell sales will help Textron as international demand for business jets will be more than in the US. This will yield a fleet expansion or replacement phase of 38% and they want the Cessna planes from Textron. The new military business budget also comes out tomorrow. Textron could be a takeover target based upon its forward business that a foreign company could acquire.
Last night Cramer said Best Buy (NYSE:BBY) was the winner taking the weak dollar into its own hands.
Jon C. Ogg
September 25, 2007
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
