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Even in sectors that are troubled, Cramer said there are still some stand out names.
"Let's talk agriculture," said the Mad Money host. The 3-month chart of Deere looks like a roller coaster ride while Agrium slipped almost 3% on Monday after it issued a weaker than expected forecast for the current quarter.
Broadly the entire space appears challenged yet AGCO has gained about 15% over the last 3 months and it's trend line is advancing from the lower left to the upper right, a bullish trajectory.
In fact, "The maker of agricultural equipment and replacement parts is currently flirting with a 52-week high," Cramer noted.
Why is AGCO bucking the trend?
Cramer thinks strength has to do with the company's global footprint.
"The company gets a quarter of its sales from North America," he said, "where ag equipment demand looks bleak. However, AGCO gets nearly half of its business from Europe, which is turning."
AGCO also has significant exposure to emerging markets.
"They're huge in South America, especially Brazil," Cramer said, "and they've just started really growing in Asia."
AGCO is even in Russia.
"The company just announced a $100 million joint venture with Russian Machines last week, giving them a bigger foothold in a gigantic market that's desperately in need of modernization."
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All told, Cramer thinks the global footprint is extremely strategic. And if recent earnings are any indication, the strategy is already boosting the bottom line.
On July 31st, AGCO reported a second-quarter profit of $213.1 million, or $2.15 a share, up from $202.1 million, or $2.08 a share, a year before.
AGCO also raised its full-year forecast.
"This is the only ag play that I can recommend," said Cramer. "All the rest I want nothing to do with."
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