Cramer's 'Mad Money Recap': Skip the Fed Watch

America's New Industrial Standard

Cramer recommend Eaton (ETN Quote) as the first in a series of great American manufacturers poised to take advantage of the weak U.S. dollar.

He welcomed Sandy Cutler, chairman, president and CEO of Eaton to the show to discuss his company's eight-year transformation into an international powerhouse.

Cramer noted that Eaton now gets 55% of its revenue internationally, up from 48% last year. The company is seeing 25% growth in Latin America and has diverse businesses from autos to aerospace to hybrid technologies.

Cramer also noted that despite Eaton's $1.5 billion equity offering last week, the stock is displaying incredible resilience that makes him feel the shares are headed back to their 52-week high of $91 and beyond. Eaton currently trades at just 9.6 times its earnings despite its 13% long-term growth rate.

Cutler said many investors still aren't aware of his company's transformation into an international conglomerate. He noted two of the company's recent acquisitions in Germany and Taiwan will allow Eaton to expand its electrical businesses even further around the globe.

Cutler also noted Eaton's burgeoning hybrid-engine business. He described his company as a power management business that is trying to improve the performance of hybrid engines to increase efficiency and lower emissions.

"If you're waiting for technology to make a comeback, take a look at Eaton," Cramer said.

A Great UnKnown Stock

Investors looking for a great unknown, unsponsored stock on Wall Street should check Apogee (APOG Quote), Cramer said.