Rio Tinto CEO Tom Albanese said during an interview on “Street Signs” that his company was not planning to buy Alcoa. But what can you expect? Cramer said. Executives don’t usually give away their game plans on national TV.
The most likely takeover targets in the metals group are in the $5 billion or less range, Cramer said, saying companies such as Teck Cominco and Lundin Mining might fit the bill. He reiterated his call that Alcoa won’t be public at this time next year.
Investors looking for an infrastructure play after yesterday’s manhole explosion in Manhattan should consider AECOM Technology. ACM did work at the World Trade Center after the Sept. 11, 2001, attacks as well as the Second Avenue subway line in New York City.
Even though a lot of New Yorkers might not like Con Edison right now, Cramer’s a fan of the 5% yield.
AptarGroup and Harley Davidson both reported disappointing quarters, Cramer said. He thinks HOG still isn’t down enough after such poor numbers.
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