Cramer's 'Mad Money' Recap: Better Days for Europe
NEW YORK (TheStreet) -- The turn is Europe is now undeniable, Jim Cramer announced to his "Mad Money" viewers Monday. He said the turn in Europe will have a huge impact on U.S. stocks. However, so far absolutely no one is talking about it.
How did Cramer come to be so confident Europe's bottom has finally arrived? Because companies told him so in their conference calls. That was certainly the case with General Electric
Management at Honeywell
Cramer said this trend was confirmed by Ingersoll-Rand
Cramer said the time is now to being investing in any of these names, but he prefers the Vanguard FTSE Europe ETF
Catching the White Wave
There's no denying that the organic and natural foods space has been on fire this year, with stocks like Hain Celestial
That's certainly the case with White Wave Foods
While Hain Celestial trades at 25 times earnings with a 16.7% growth rate and Annie's trades at 26 times earnings with a 22.5% growth rate, White Wave has only managed to garner a 22.4 multiple despite its growth rate of 20%. That's far too low, said Cramer, given what this company can do.
Investors were not thrilled with the company's last earnings reported on May 9. While the company beat by 1 cent a share, revenue were light and analysts were able to nitpick among the company's other metrics. But Cramer said White Wave is a leader in its category and its category is just getting started.