Finally, coming in first, Palo Alto Networks, another IPO Cramer featured last week. He reiterated that Palo Alto is also a great IPO trade as well as a longer-term investment.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said that bad news might actually be good news when it comes to the falling value of the euro. He offered three reasons why.
First, as the euro falls in value, wealthy individuals will begin using that weakness to buy properties in places like Spain and Italy, the countries that are most in need of that investment.
Second, tourism will rebound as the value of the euro falls. Americans love to travel in Europe and the weaker currency may just be the push they need.
Finally, as the euro weakens, the price of goods and services made in Europe will once again reach parity with those made in other parts of the world, making exporting a profitable enterprise.
Cramer said it might not be the ideal situation, but the decline in the euro at least has a silver lining.
--Written by Scott Rutt in Washington, D.C.
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