Cramer's 'Mad Money Recap': Putting Housing Ahead of Inflation
Cramer said Rex's approach could yield as much as 84 million barrels and lift the company to a $40 stock.
Cramer says analysts who follow Rex's new technology have been far too conservative about the company's chances, giving it only a success rate of 33%. Cramer thinks these estimates are far off the mark and rates the company a buy.
Another New-Tech Stock
Cramer added Donaldson(DCI Quote) to his growing new-tech stock portofolio. Cramer's new tech companies do the grubby but necessary work needed in the global economy. And Donaldson fits that bill as the world's second largest manufacturer of filters for just about every industrial and auto application. He said the company excels because it is constantly working to improve its technology, making smaller and more efficient filters. In addition, he likes Donaldson because more than half of its sales come from overseas and it beat earnings estimates by 6 cents in the past quarter despite pressures in the North American truck filter market.
Lightning Round
Cramer was bullish on Freeport McMoRan(FCX Quote); Canadian Solar(CSIQ Quote); Costco(COST Quote); and Skyworks Solutions(SWKS Quote). He was bearish on Monsanto(MON Quote); Sony(SNE Quote); Coach(COH Quote); SanDisk(SNDK Quote); Apple(AAPL Quote); Starbucks(SBUX Quote); and Brunswick(BC Quote). Want more Cramer? Check out Jim's rules and commandments for investing by clicking here. For more of Cramer's insights during the Lightning Round, click here.- Loading Comments...
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