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Viacom's board approves a settlement that will end Philippe Dauman's 11 years as CEO; Emerson Electric to buy Pentair's valves and controls business; Gap's same-store sales fall.
Flowserve is a leader in the water space while Constellation Brands is going up for all the right reasons, Cramer says.
Despite all the doom and gloom, this week turned out to be the best so far this year, Cramer says.