NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, had a new "pick going into the month of June" -- Danaher (DHR).
The company is a diversified conglomerate that makes motion sensors, tools and many other products.
Both Citigroup and J.P. Morgan have said they like the stock, and the latter complimented its fundamentals.
There is "tremendous value" in shares of Danaher, Cramer said, adding that the different business segments are worth more when separated than the company currently is as a whole. In other words, the company can create shareholder value via spinning off certain businesses."You want to get ahead of this," he concluded, because the earnings are going to be just fine.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell >>Read More: Exclusive: United Pilots to CEO - 'Lead or Get Out of the Way' >>Read More: How Much Income Do You Need for a Home? It's Easiest in Cleveland >>Read More: JD.com IPO Largest-Ever for Chinese Company as Alibaba Looms
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