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
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