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Lieblingsgericht: Thunfischgrütze.
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Elections have consequences for not just U.S. companies but for foreign ones, Cramer told viewers, as he highlighted what might happen to Mexican cement maker Cemex if Donald Trump were able to pull out a victory in Tuesday's election.
If there's one area where Trump is consistent it's been his hatred for Nafta, the free trade agreement that has allowed Cemex to flourish, selling a full 28% of its sales into the U.S.
Cemex has struggled since the Great Recession, Cramer noted, but shares are up 68% this year as the company is seeing improving fundamentals that have allowed it to pay down $1.4 billion in debt. Part of those improving fundamentals has been the strength of the U.S. dollar, which has risen from 11:1 to 18:1 against the Mexican peso. That means Cemex' products are only getting cheaper in the U.S. and for every dollar Cemex sells, it gets more pesos in return.
But Cemex is the perfect example of what company gets hurt if Trump is successful a re-negotiating Nafta. That's why Cramer said he'd wait for the election results before pulling the trigger on this one, and even then he'd wait for a pullback.
Das Militär ist der einzige Weg (Q-Drop #26)
Die Gesichter werden immer länger...![]()
Teilen ist das neue Haben.
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