Jeff in Iowa writes, “I’m hoping to get your latest book for Father’s Day. Last week, you talked about the virtues of Coca-Cola (KO). I’m expecting it to ramp up into the summer with the Olympics coming and huge percentage of sales overseas. When do you think KO will start to move up again?” Cramer said KO is a play on overseas exposure and its large buyback program, not off the Olympics games. Cramer also said he likes KO because the company has its raw costs under control. Steve from New Mexico writes, “I am a longtime fan, but I am wondering why I seemed to have hopped on the wrong bandwagon. My latest buys have included Gafisa (GFA) and Siderurgica (SID), and I really thought that Brazil was en fuego. Not so lately. Has something fundamentally changed?. Are you still behind Brazil?” Cramer said he really likes Brazil and would keep buying Gafisa. He thinks Brazil will recover first before other emerging markets.
Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com