On tonight's MAD MONEY on CNBC, Jim Cramer made his final "Investing In Europe" series pick. He went to France and named Total SA (NYSE: TOT) as a good oil stock. He likes their global footprint and well they operate even in Russia and Africa. Their refineries are also being upgraded to process the more sour crude that needs more refining, and this one is cheap compared to some of its US counterparts and is even trading more off its highs. Cramer made other stock picks from Europe all week in his series, and here they are:
Thursday, he picked BASF AG (NYSE:BF) out of Germany as a chemical predator. Wednesday, Cramer picked Siemens (NYSE:SI) as the major conglomerate play for Europe. Tuesday, Cramer went to Switzerland's infrastructure pick for the world as ABB Ltd. (NYSE:ABB). Cramer's first pick this week was Philips Electronics (NYSE:PHG) as a great value play with other stock holdings for value out of The Netherlands.
This series that Cramer did was all full of the big cap stocks in Europe that either compete with us or work with us. What this will prove in the end if these all go up is not so much that these were just incredible stock picks. It will prove we are in a major bull market and the market is willing to buy big cap stocks again. You could go make the exact same strategy picks out of Asia and probably come back with the same sort of results. Interestingly enough, in Cramer's game plan for next week he ran more of a cautious note and suggested taking at least some profits. So it doesn't seem he's just going to chase winners endlessly.
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
Last updated: February 10, 2012: 05:01 AM
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