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Welcome to the Renaissance in U.S. Manufacturing
It pays, Cramer said Wednesday, to “Invest In America.”
Manufacturing in the U.S. is gaining ground where it had once lost its way, Cramer said. The performance of his “Invest In America” portfolio is evidence of that. Cramer introduced this collection of U.S. manufacturers, including Caterpillar , Deere,Honeywell , Boeing, Bucyrus,, Joy Global , Emerson Electric, 3M and PPG, last September. Since then, the portfolio has posted a 24 percent gain versus a 14 percent increase for the S&P 500.
Over and over again, Cramer said U.S. manufacturing shows signs of renewed strength.
Ford, for example, said Monday it plans to add 7,000 new U.S. jobs by 2012. Deere is making farming equipment, which enables farmers to better handle growing global demand for food. Through the Great Recession, Caterpillar took share by outsmarting its competitors. Eaton is making products needed for electric-powered cars. Honeywell, 3M and DuPont have proven themselves world leaders in health, safety, fire protection and energy conservation, he said. Apple , the second-largest U.S. company, is both a manufacturing company and successful retailer.
“The American manufacturing renaissance has arrived,” Cramer said. “Forget the naysayers. Don’t get left behind. As I like to say, there’s always a bull market somewhere and right now it’s here in the good old USA.”
When this story was published, Cramer’s charitable trust owned Apple.
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