Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Monday April 28. Click on a stock ticker for more analysis.
Cramer urged investors not to pay attention to the hype over the Fed meeting on Wednesday, because he doesn’t think another Fed cut will affect stocks. Companies are benefiting from cheap labor, the weak dollar and international exposure, and Cramer commented on fantastic earnings reports. While he would avoid financials, retailers and domestic restaurants, he notes the oil, agriculture and infrastructure are not hurt by the weak dollar; "Our market is driven by trade and budget deficits and the price of oil," Cramer said.
Eaton has seen “quite a transformation” in the last eight years with 22% earnings growth, 55% of which comes from overseas. Most of the company’s revenues come from the hydraulics, aerospace and electrical sectors and Eaton is benefiting from profitable acquisitions abroad. Instead of focusing on engines for cars, Eaton is developing environmentally friendly engines for mass transit. Cramer called Eaton a “great American technology company” for its forward-thinking. The stock is cheap and trades at 9.6.x earnings with a 13% growth rate, and Cramer thinks Eaton could revisit its 52-week high of $91.00.
While Apogee reported a “monster” quarter and surpassed The Street estimates, no one noticed because there is no coverage of the stock. Apogee has been unfairly associated with residential construction although it makes energy-efficient glass for commercial buildings. With rise of energy costs, Apogee’s business will continue to boom, and it now has a record $510 million backlog. Cramer says Apogee is cheap with a 11 p/e ratio and a 20% growth rate.
Cramer says it is difficult to value CLNE with its rapid growth and considers it a speculative stock. He said the only four retailers he would buy now are COST, TJX, WMT and URBN. Cramer told another e-mailer that Brazil is a good place to invest in the long-term, and he likes PBR.
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