NEW YORK (TheStreet) -- Black & Decker's(BDK Quote) third-quarter outlook increase is a good sign for similar companies like Fortune Brands(FO Quote) and Whirlpool(WHR Quote) -- or so said Jim Cramer on Cramer's "Stop Trading!" segment on CNBC.
"There is no reason why these companies can't have the same kinds of quarters," Cramer said. "They all have overseas exposure, have gone through massive restructuring." A slight upside to sales could do wonders, he said. Cramer bought Home Depot(HD Quote) for his Charitable Trust on the Black & Decker news. "Where is Black & Decker sold?" he asked. "You don't sell Black & Decker at the supermarket." When asked about IBM(IBM Quote), Cramer said it's not an expensive stock if you chart it over the long term. "The stock has literally done nothing, even as the company has gotten better." Ford(F Quote) has been on a downward drift, Cramer said, but he argued that if you look at the European numbers, which have seen double-digit gains, and its sales, which are only down 5% in America, the automaker is blowing the doors off the rest of the sector. Better yet, Cramer said, Ford has been able to do all of this without taking government money -- yet no one is talking about the automaker. When asked about the rig index, Cramer said there is a big line for deep-water rigs and a big oil boom is approaching. This is not based on $140 oil, he said, but on reserves that have been untapped. Meanwhile, as earnings season moves into full swing, the question remains if the market will remain steady if earnings results turn out to be the same story as last quarter.- Loading Comments...
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