Cramer’s New-Tech Stock - Donaldson
Cramer added another name to his new-tech stock portfolio with the addition of Donaldson (DCI), a market leader in filtration technology. Cramer explained that Donaldson is the number two manufacturer in the world for for industrial and auto systems. He said its a new-tech play because the company is always improving its technology and making smaller more efficient filters. Cramer also likes that more than half of the company’s sales come from aboard and the firmĀ beat earnings estimates for the most recent quarter despite a challenging North American truck filter market. He mentioned that sales look to be turning up now, so the issues in North America might be over.
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