Investors should follow the lead of the world's second-richest person and buy shares of America Movil SAB (AMX), the largest mobile-telephone company in Latin America, CNB Chost Jim Cramer said yesterday on his ``Mad Money'' television program.
Mexican billionaire Carlos Slim Helu, who displaced U.S. investor Warren Buffett as the world's second-richest man in March, according to Forbes magazine, has shares of America Movil in his portfolio, Cramer said, and is also its chairman.
``Growth of mobile-phone service in Latin America has been one of the greatest secular growth stories last few years,'' said Cramer, a market commentator and former hedge-fund manager. With 80 percent of the market, ``America Movil is the heart and soul of it.''
Another stock recommended was Tetra Tech Inc. (TTEK), a provider of engineering and technical services. Cramer said the ``green'' company is a pastiche of alternative-energy resources, with water management and wind power among its services.
Cramer recommended Apple Inc. (AAPL), BHP Billiton Ltd. (BHP), Broadridge Financial Solutions Inc. (BR), Charter Communications Inc. (CHTR), Cia Vale do Rio Doce, Domino's Pizza Inc. (DPZ), Genesee & Wyoming Inc. (GWR), Google Inc. (GOOG), Home Depot Inc. (HD), Nastech Pharmaceutical Co. Inc., Procter & Gamble Co. (PG), Quicksilver Resources Inc. (KWK), RPM International Inc. (RPM), St. Jude Medical Inc., Tiffany & Co. (TIF) and XTO Energy Inc. in response to questions during the show's ``Lightning Round'' segment.
He also told viewers to avoid CMGI Inc., Diageo Plc (DGE), Motorola Inc., Oilsands Quest Inc. (OBQI), Southern Copper Corp. (SCCO), Sirius Satellite Radio Inc., TrustCo Bank Corp NY (TRST) and Zoltek Companies Inc.
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