Amid the market upheaval caused by the Greek election — and the next crisis abroad, a spike in Spanish bond yields — the only course of action that makes sense for investors is one that has nothing to do with Europe, “ Mad Money ” host Jim Cramer said Monday.
“We need trends that transcend Greece and Spain and Italy and the whole euro zone,” he said. “And I’ve got a terrific one for you tonight. I’m talking about the ultra-low price of natural gas here in the United States.”
But instead of buying the energy companies themselves, Cramer suggested taking a look at industries that rely heavily on natural gas. In particular, he liked Celanese.
The company has a four-pronged business. It makes acetyl intermediates, used in colorants, paints, adhesives, coatings and medicines. It manufactures high-strength plastics used in lightweight car parts. In its consumer specialty division, it makes acetate tow, a material used in cigarette filters. And its industrial business makes emulsions used in paints and coatings, as well as plastics for flexible packaging films, lamination films, solar panels and medical devices.
Its stock price, down 27 percent from its February highs, is too attractive to ignore.Page 1 of 3 | Next Page