Tough also noted the much of what the company is doing now is becoming more localized, as the world develops more of a localized palette. He said the company is investing heavily into emerging markets.
Much of what the company does is also focused on the trend towards increased health and wellness. Tough said that when customers see "same great taste, less salt/sugar/calories" on the label, that's IFF at work to develop new molecules that are just as good, or better, than the original.
Cramer said International Flavors & Fragrances is a terrific story and is a buy, even with the stock just off its 52-week high.
Cramer's Fantasy Team, Part 3
For today's installment of his "Mad Money Fantasy Stock Portfolio," Cramer debuted his picks for quarterback, tight end, his defense and a kicker.Cramer said that Apple would have been his first choice for quarterback, but with the stock on a tear recently investors shouldn't pay up for what could be one of the greatest companies of all time. Instead, Cramer chose Bristol-Myers Squibb (BMY - Get Report), another Action Alerts PLUS holding, as his QB. He said the drug maker has a terrific 4.3% yield and a fabulous pipeline of new drugs on the way. The company is also past its "patent cliff" of blockbuster drugs coming off patent and the stock will certainty rebound from its recent selloff. For his tight end, Cramer went with DuPont (DD - Get Report), a 3.4% yielder with lots of upside potential as it moves away from commodity chemicals and into proprietary ones that fit into hot secular growth themes like agriculture. As for defense, Cramer drafted AT&T (T - Get Report), with its 4.8% yield and expanding gross margins. Cramer said AT&T is a bargain at current levels. Finally, for his kicker, Cramer went with Nike (NKE - Get Report), a global brand that while it missed big on its last quarter, is now poised for a rebound. Nike is also, appropriately enough, the new apparel supplier for the National Football League.