Spartan Motors Inc., a maker of vehicle chassis, was recommended today by Jim Cramer on his ``Mad Money'' television program on CNBC because he said three business divisions are poised for growth.
The company's emergency-vehicles segment will benefit from the nation's aging fleet of ambulances and fire trucks, said Cramer, a market commentator and former hedge-fund manager.
In addition, the military has placed several large orders for the Charlotte, Michigan-based company's roadside, bomb-resistant chassis, and retiring baby boomers will buy more recreational vehicles that use its parts, Cramer said.
He also recommended Boeing Co., the second-largest commercial-airplane maker, saying the stock is headed for $100. Cramer said the Chicago, Illinois-based company has a better chance than Lockheed Martin Corp. of winning a billion dollar contract for a U.S. tactical joint radio system.
He said he liked Trimble Navigation Ltd., which makes Global Positioning System products, and called Garmin Ltd. ``best in show'' in the industry. He also recommended Celgene Corp. and Union Pacific Corp.
Cramer placed several companies ``on the block,'' suggesting selling or not buying WCI Communities Inc., Simon Property Group Inc., Hologic Inc., the Greenbrier Companies Inc., Norfolk Southern Corp., Kraft Foods Inc., Gilead Sciences Inc. and Take Two Interactive Software Inc.
During the ``Lighting Round'' and ``Sudden Death'' segments, Cramer recommended buying or holding Level 3 Communications Inc., Acadia Pharmaceuticals Inc., Saks Inc., American Tower Corp., VAALCO Energy Inc., Inergy L.P., ConocoPhillips, Qwest Communications International Inc., Transocean Inc., Express Scripts Inc. and American Ecology Corp.
He suggested selling or not buying Geron Corp., FuelCell Energy Inc., Harley-Davidson Inc., Walgreen Co. and Energy Partners Ltd.
Cramer said he owns Union Pacific Corp., Altria Group Inc., Express Scripts and Transocean in his charitable trust.