Cramer told investors to buy the 2.6% dip in Ingersoll-Rand (IR). He explained that in the past a 395-point drop in the Dow would have taken IR down much worse than the 2.6% drop it saw on Friday. However, now the company has switched from cyclical products and services to a more secular strategy with its acquisition of Trane, a heating-ventilation and air-conditioning company. “This company is almost completely unrecognizable from where it was just a year ago,” he said. Cramer said that IR is a new-tech company that is ready to profit of two major global trends, famine and energy conservation. He explained that the company will benefit from Asia’s 40% food spoilage rate with its refrigeration and cooling systems. The other big trend is the move from old carbon commercial heating systems to more energy efficient systems. Cramer thinks IR could capture a big chunk of the market for the commercial HVAC units that need to be replaced in the U.S. Cramer said IR is a triple-buy and the company’s move into climate control leaves it in a perfect position to make money.
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