Marchionne's Bold World Play
Published: Monday, 4 May 2009 | 9:29 AM ET
Smith International : SII is a buy, Cramer said, as are Schlumberger and Transocean .
ConAgra : Don’t buy CAG.
Genworth : Stay away from GNW for now, Cramer said. There are better insurers worth owning.
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It's a gutsy move. If it works out, he will be called a genius. If it doesn't, critics will say he tried to bite off more than he could chew. Either way, Sergio Marchionne is clearly on center stage for an auto industry in turmoil. Whether or not his performance leads to rave reviews is very much up in the air, but so far he's hitting all the right notes.