Cramer's 'Mad Money' Recap: Looking for an Edge
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NEW YORK ( TheStreet) -- Investors looking for an edge on which way the markets are headed need only look at just one stock, Jim Cramer told "Mad Money" viewers Wednesday. But that stock is not based in America.
There are many stocks making news, explained Cramer, including Toll Brothers (TOL), which confirmed what Williams Sonoma (WSM) said about the housing market being alive and well. Others, like Dell (DELL), remind us just how horrendous things can get, he said.
But while the professional money mangers look to
(AAPL), a stock Cramer owns for his charitable trust,
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Doug Tough, chairman and CEO of International Flavors & Fragrances (IFF), a company that delivered an earnings beat of 8 cents a share when it last reported on Aug 8, sending shares up 10% in a single day. Tough said that IFF now operates in over 100 countries around the world and helps more than 4,000 customers develop new flavors and fragrances. While many may not know the company by name, this behind-the-scenes company is at the heart of many of the products consumers use every day. Tough explained that when a company like Lancome is looking to develop a new fragrance, it turns to IFF, which works with the brand to first determine its needs, then works with the company to develop that magical scent it's seeking.
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