Mad Money

Cramer: I like this stock into weakness

PPG CEO: Feel good about biz in China

(Click for video linked to a searchable transcript of this Mad Money segment)

If you still believe in the global growth theme, the recent sell-off in this stock may be just what you've been waiting for.

"I like this stock very much into any weakness," said Jim Cramer.

The stock is PPG, a company that makes coatings for autos, planes, buildings, glass and more. "The application makes things, look better, last longer; and it also reduces energy use, cuts harmful emissions and minimizes waste," Cramer explained.

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As the global recovery gains momentum and more big ticket items are ordered and purchased, Cramer believes the should increase in lock-step.

The latest earnings seem to confirm Cramer's outlook. According to results released earlier in the month, performance coatings net sales rose a whopping 25% to $1.44 billion.

However, Cramer's enthusiasm for PPG is about more than a business that may be on the brink of a sharp upswing.

Jim Cramer also likes the leadership.

The "Mad Money" host always says that investors should evaluate the track record of the man or woman in the corner office when making investment decisions. And Cramer says CEO Chuck Bunch is among the best in the business.

Through strategic leadership, cost discipline and attention to organic growth, "Chuck Bunch has made shareholders a fortune," Cramer noted. "PPG's given you a 358% gain with reinvested dividends since I first got behind it in June of 2009—more than a quadruple in four and a half years."

Cramer is so enthusiastic about this executive he's named Bunch to his list of bankable 21 CEOs in his new book "Get Rich Carefully".

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And Cramer believes confirm his bullish outlook.

PPG reported a profit of $254 million, or $1.78 a share, up from $227 million, or $1.46 a share, a year earlier. Excluding acquisition-related costs and other items, adjusted earnings from continuing operations rose to $1.81 from $1.25. Revenue increased 14% to $3.7 billion.

Analysts polled by Thomson Reuters recently expected per-share earnings of $1.73 and revenue of $3.71 billion.

Again, "I like this stock very much into any weakness," said Cramer.

Call Cramer: 1-800-743-CNBC

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