Murdoch's Twenty-First Century Fox confirms Time Warner rebuffed its acquisition bid US producer prices up 0.4 percent in June on rising gas costs; overall inflation still mild Younger Americans wait to buy homes because of changes in marital status, education and race Italy's Gtech buying slot machine maker International Game Tech for $4.7 B in cash and stock Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG BMW recalls 1.6 M 3- Series cars to fix air bag problem that's affecting global auto industry France battles against industrial restaurant food, by defining' home-made' China's economic growth rises to 7.5 percent, adding to signs of possible recovery Improvement in China's growth reassuring but no game changer for region it looms over Higher factory, mining output likely boosted US industrial production in June» Read More
It could be, but Cramer thinks a few things need to happen first.
Caterpillar, the world’s largest manufacturer of heavy machinery, is sticking to its full-year sales projections for China despite signs of a slowdown in the second quarter.
To determine whether this stock is a buy, Cramer looks at 3M's long-term plans.
The "Fast Money" traders highlight U.S. companies benefiting from pricing power that comes with a weak U.S. dollar.