Jim Cramer explains why investors should consider Waste Management for their portfolios after the company's latest acquisition.
CNBC's Jim Cramer on Wednesday said that business in the construction industry seems to be picking up and it could make an interesting play for Waste Management.
"If you want to get an honest read on the economy, forget the government data from the Commerce Department," he said."You got an incredible snapshot of the economy from CSX, the best railroad around with a stock that caught fire today."CSX was the first of the railroad stocks to report its most recent quarterly results, and its revenue break down gave a good look at the domestic economy, Cramer said.
"It's all about peer pressure. That's why [CEO] Reed Hastings is right when he says: 'the real metric is can we keep members happy,'" the host said.Campbell Soup appears to have emerged out of the wilderness after a series of acquisitions of brands that nobody truly wanted, Cramer said. The stock is down about 8% from a year ago, but it's rallied more than 18% in 2019.
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