Buy Companies With Great CEOs: M, DIS
“Weak oil, weak gold and a stronger dollar may have caused your portfolio to take a hit today, but it also allows you to buy great companies at a discount,” Jim Cramer said. He reminded viewers that down days provide the perfect opportunity to buy great companies at a discount. Cramer said great companies, like Macy’s Inc. (NYSE:M) have great CEOs, who don’t blame commodities or currencies or the weather for shortfalls in their earnings. He explained that great CEOs blame themselves, admit their mistakes and work every day to make their companies better. “Macy’s, The Walt Disney Company (NYSE:DIS) and others to be named later this week are the best long-term investments we know,” Cramer said. These are iconic American brands led by transformational CEOs. “Macy’s Terry Lundgren and Disney’s Bob Iger are executives you can bank on,” he said. So with the markets worried about the dollar, gold and oil, Cramer advised investors to focus on the companies that will help the US emerge from the recession even stronger than before. The same companies with great CEOs that investors should be looking to buy on sale. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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