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2 Plays on Rebounding Euro

Monday, 19 Jul 2010 | 7:55 PM ET
Highway to the Euro Zone?
Cramer explains how economic fears in Europe continue to impact the market.

The euro’s return to levels not seen since the first quarter of 2009 has generated a huge opportunity for investors, Cramer said during Monday’s Mad Money.

See, the analysts cut their estimates on companies that do business in the European Union when that currency was dropping, but they haven’t increased them again now that the euro is back up. That means US companies that earn a big chunk of their sales from the Continent could deliver some big upside surprises next quarter.

Cramer dug through the S&P 500 to find these kinds of companies, those who do most of their business overseas, especially in Europe, but also offer less exposure to the economy’s cycles. While he doesn’t believe the bears that say business the world over is slowing, but he recommends play it safe just the same.

So given those parameters, who’d he come up with? Philip Morris International and Colgate-Palmolive . Watch the video for his full report on these two high-yielding dividend stocks.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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