
Weak Dollar Powering Profits

By Jim Cramer
About this article:
Why have the industrials been so red-hot? Why do they seem to levitate? One reason, of course, is that people think the economy's getting better. A second reason is that even if the economy stands still vs. last year the comparisons will be amazing and nothing gets the juices going more rapidly than easy comparisons.
Why will they be so glaring? First, the layoffs have been brutal, the cost-cutting immense and it hasn't hurt at all ... yet. It is totally and unequivocally positive.
But second, these companies are going to have amazing currency translations. I can't emphasize how many times I heard them bemoan to me that they are losing business -- not just losing money on the exchange -- but actual business to competitors because the dollar made their wares too expensive.
Given that 1), many of these companies diversified away from the U.S....

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