Cramer: PPG, Honeywell, Owens Corning All Solid Companies
Industrial chemical maker PPG Industries said Wednesday it expects net income to be between $1.30 and $1.35 per share during the first quarter, as revenue is boosted by higher prices for the company's products.
That's just one more reason to love this company, according to Mad Money's Jim Cramer. He sang PPG's praises on Wednesday's Stop Trading!
"This is a company that's taking share, taking names, doing unbelievably for shareholders," Cramer said. "It's a remarkable company."
Also on Wednesday, Slovakia approved a state subsidy scheme worth $27 million for Honeywell International's planned turbocharger assembly plant there.
"The President's still into the conservation game, Honeywell regulates 40 percent of the heat, that's a great stock to buy," Cramer said.
Owens Corning, likewise, "always benefits" anytime anyone talks about energy conservation, Cramer said. "Can you imagine how well that $35 stock will do if we ever build a house in this country again?"
Cramer also offered his opinion on Goldman Sachs removing Phillips Van Heusen from its Americas conviction buy list Wednesday, downgrading it to buy.
"This is more of a comment I have about Golden Slacks than it is PBH," Cramer said. "Every time a stock goes up three or four points these guys just take it off the list.
"These guys are like 'I like 'em for three points?' C'mon!" Cramer said.
The Associated Press contributed to this report.
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