This company has four divisions: flow technology, test and measurement, thermal equipment and industrial products and services.
Asleep yet? Wake up, because all four of these businesses are at the front and center of very crucial themes. From water pumps that make our food and drinks cleaner and more plentiful to cooling systems that make power plants more efficient to power transformers that make turning on the lights possible, SPX is a company we need, Cramer said.
SPX’s power transformer business is in a particular sweet spot, Cramer explained, because there’s a once-in-a-generation transformer replacement cycle that’s about to happen, as many transformers out there have been in use for over 25 years. And guess what the average lifespan of a transformer is? Thirty years.
Merrill recently called SPX the stock that’s “best leveraged to global power markets in our coverage universe.”
Cramer asked: Doesn’t that sound like a stock you want to own?
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