Jim Cramer's 'Mad Money' Recap: Making Portfolios Washington-Proof
NEW YORK (TheStreet) -- Can investors Washington-proof their portfolios? That was the question Jim Cramer asked on "Mad Money" Wednesday as he tried to answer what everyone wants to know, "What should I own going into the looming government shutdown debate?".
Cramer said that investors can count on one thing: just as soon as the markets digest one bit of news, i.e. last week's Federal Reserve announcement, it will immediately move onto the next bit of news, which, unfortunately, involves another lengthy debate over the debt ceiling, health care and a probable government shutdown.
But while some companies blame Washington for their misfortunate quarterly results, others, including Apple
Indeed, Washington doesn't seem to have affected sales of home-related items like paint or furniture, nor autos or boats or even homes themselves, according to Lennar
Cramer said the key is to buy international companies such as Agco
Cramer also said that aerospace remains strong, as are the casino names. Technology stocks including Facebook
No portfolio can be completely Washington-proof, Cramer concluded, but investors can certainly improve their odds by going global and leave U.S. stocks behind.
Executive Decision: Jim Whitehurst
In the "Executive Decision" segment, Cramer spoke with Jim Whitehurst, president and CEO of Red Hat
Whitehurst said there are multiple ways to look at growth, and the Wall Street community decided to look at only one of them -- billings. Unfortunately, billings offers an incomplete picture, he continued. As deal sizes surpass $10 million, many companies are choosing to pay over time rather than all upfront, which makes longer-term cash flows a more important number to look at, Whitehurst explained .