On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed another one of his "European Stock Picks" series with tonight’s pick coming from Switzerland: ABB Ltd. (NYSE:ABB) as the best pure-play in infrastructure around the world. With their focus on power and automation technologies, he thinks this one is a winner. Its market cap is now over $50 Billion after its shares doubled and plays up and down the entire chain for small to incredibly large infrastructure projects in Asia, Africa, Europe, and North and South America. He also likes the Swiss ‘neutrality play’ for it to win business contracts. Because they are huge in power lines and power plants, they have their future set. They had old left over asbestos issues, but now they have so much cash that they said if they cannot find a good acquisition they will return capital to shareholders.
Last night he featured Philips Electronics (NYSE:PHG) in his "European Stock Picks" series he is doing all week, and you can see his comments here.
Jon C. Ogg
July 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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