Jim Cramer has said many times before that in order to get a good read on how the global economy is doing, go to Alcoa.
This company can give investors valuable insight on everything from aerospace, autos, trucks and consumer electronics. They basically cover the land and sea and have the pulse on the oil and gas industry.
With the market becoming increasingly more volatile, Cramer turns to Alcoa to find out its view on the global economy.
Alcoa recently acquired TITAL, a German company that makes titanium and aerospace components. At a time when most investors are worried that the decline in oil means a reduction in fuel efficient aircrafts, an investment this large could be a gamble.
Cramer sat down with Alcoa CEO Klaus Kleinfeld to get his take on how the global economy is affecting the company.
Kleinfeld's approach thus far in the market has been two pronged. First, to build the company out to a light-weight multi-material innovation powerhouse and, second, to reduce exposure in the commodity business.