On Friday's "Mad Money," Jim Cramer said that companies such as Heinz(HNZ Quote), Coca-Cola(KO Quote) and McDonald's(MCD Quote) are benefiting as the dollar weakens.
Cramer said he's comforted by signs of inflation, which indicate that some companies will prosper. Fed Chairman Ben Bernanke's efforts to weaken the U.S. dollar in order to re-inflate the economy should especially benefit companies that do most of their business overseas. Cramer also recommended Eldorado Mines(EGO Quote) and BP(BP Quote), which he owns for his charitable trust, Action Alerts PLUS, as weak-dollar plays. On Monday, Heinz closed up $1.50, or 4.5%, at $34.58; McDonald's closed up $1.96, or 3.7%, at $55.16; and Coca-Cola traded up $1.50, or 3.5%, to close at $44.14. Eldorado was up 38 cents, or 4.7%, at $8.55; and BP closed up $2.50, or 6.4%, at $41.90. In his "Lightning Round" segment , he was bullish on Taiwan Semiconductor (TSM Quote), which closed up 76 cents, or 8.9%, at $9.28 on Monday; and Xilinx (XLNX Quote), which rose 96 cents, or 5%, to a Monday close of $20.26. He was bearish on Dr Pepper Snapple(DPS Quote), preferring Hershey(HSY Quote). DPS rose 27 cents, or 1.8%, to close at $15.40 on Monday, and Hershey was up $1.29, or 3.7%, at $36.22. He was also bearish on TCF Financial(TCB Quote), even though he said it was one of his favorite financials. On Monday, TCF closed up $1.56, or 13.5%, at $13.15.- Loading Comments...
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