The US recovery has been sluggish, but these companies are on fire regardless.
"We still make things in America," said the Mad Money host. "This country is full of best of breed manufacturers that dominate their markets globally."
That's why all this week, Cramer plans to highlight "American industrial titans that are striving for world domination and succeeding." Emerging markets are buying from US firms because nobody offers better product than American companies do, he said. As a result, these companies are taking share internationally. He likes the following companies in particular and recommends buying them on a pullback between now and the end of the year:
Spanning all equipment categories, Caterpillar is the world's largest manufacturer of construction and mining machinery, Cramer said. It also has a "terrific" engine business with an "unparalleled" global distribution network, he said. Thirty-five percent of sales come from North America while 26 percent come from Europe, the Middle East and Africa, 22 percent from Asia and 17 percent from Latin America. This company is "best in breed," Cramer said, noting that its stock is now less than a point off its 52-week high. When CAT reported its latest quarterly earnings results, the company posted a "blowout" 24-cent earnings beat off an 85-cent base on a 30.5 percent increase in revenues and full-year guidance raise, as well. The company plans to rack up $60 billion in revenues in 2012 and earn up to $10 a share, which means the stock is selling at just seven to nine times 2012 earnings despite having a 20 percent long-term growth rate and dividend yielding 2.4 percent.
This American manufacturer is the largest maker and distributor of agricultural equipment on earth, Cramer said. It's also the market leader in all kinds of large farm equipment. John Deere gets 60 percent of sales from the US, but Cramer doesn't think that's anything to worry about.
"Right now we have a global agriculture bull market fueled by demand from developing countries for basic foodstuffs and the US produces close to 40 percent of the world’s corn and soybeans," said Cramer. "Farming is all about increasing your yield, getting more crops out of the same amount of land, which means using the sophisticated machinery, and that’s where Deere comes in."
The greater the demand for crops, the more farmers are willing to invest in producing more of them, and demand is getting "increasingly enormous," explained Cramer. Its stock is nearing its 52-week high, he said, and reported a "fabulous" quarter on Aug. 22. Earnings came in at $1.44 a share, which is a 22-cent beat, on an 18 percent year-over-year increase in sales. Also, management issued guidance for next quarter where sales are expected to rise 32 percent from last year. Cramer predicted good things to come from this company, as he said it has a great presence in Brazil and is "the best way to play" increased ethanol mandates from the Environmental Protection Agency.
"We still make things here in the USA, and for the first two offerings, nobody does it better than Caterpillar in machinery or Deere for farm equipment," he said. "Trucks, tractors, CAT and Deere, made right here."
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