"finally has the wind at its back," Jim Cramer said Tuesday on
"Stop Trading!" segment.
Cramer said the company is back to being a "loved, loved stock" and is poised to benefit from a weak dollar. He said that when Coke reports earnings next Tuesday, investors could get "a definitive upside surprise" that could push the stock to $55 from a recent $50. Cramer says the stock could hit $60 over the next year and a half.
, up 2% at $110 on Tuesday's plan to buy back stock and let some financial institution investors convert parts of their stakes to publicly traded shares. Cramer said the stock is cheap on the basis of 2008 earnings estimates and should head higher.
Cramer also likes
, which he called a stealth housing play along with
. Cramer said both companies are set to benefit from home remodeling efforts via their plumbing and fixtures businesses, but aren't tied to the decline of residential real estate the way the homebuilders are. "Anything pure housing is too hard to own," he said.
At the time of publication, Cramer had no positions in stocks mentioned.
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