The company recently reported stellar earnings of 84 cents a share for the quarter ended last September, beating estimates of just 74 cents. Sales, he noted, were up 51%. Cramer feels the stock could go to $84 or higher as the fight for shelf space heats up.
Airgas Running Strong
Cramer welcomed Peter McCausland, CEO of Airgas(ARG Quote), to the TV show to dispel rumors that all industrial companies are subject to a slowing economy. McCausland stated that Airgas is growing both organically and through acquisitions and is seeing strength in its energy, metals, mining, agriculture, infrastructure and manufacturing markets. He reiterated that pricing for its products is good and it is seeing strong demand. Cramer said he has liked and championed this group, and with Airgas down 8% from its recent highs, it's a strong buy.
Lightning Round
In the Lightning Round, Cramer was bullish on Manitowoc (MTW Quote), Hudson City Bancorp (HCBK Quote), First Solar (FSLR Quote), Focus Media (FMCN Quote), China Mobile (CHL Quote), PetroChina (PTR Quote), eBay (EBAY Quote) and Baidu.com (BIDU Quote). Cramer was bearish on Bank of America (BAC Quote), Garmin (GRMN Quote), Akeena Solar (AKNS Quote), Aluminum Corp. of China (ACH Quote) and Moody's (MCO Quote). Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,283.77 | 1,097.81 | 2,163.73 | 34.74 |
Oil *
77.89
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UP
36.80
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UP
4.80
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UP
12.65
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DOWN
0.08
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10 Yr
3.47%
SPDR Gold
109.40
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+0.36%
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+0.44%
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+0.59%
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-0.23%
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