Cramer's 'Mad Money' Recap: More Oil Plays

On CNBC's "Mad Money," Jim Cramer espoused the virtues of oil-engineering and construction stocks Tuesday night. "High oil is here to stay," Cramer said.

Simply put, he said, "oil prices are high because there is more demand than supply." But there's a way to make money from high oil. Cramer pounded the table on Fluor, Shaw Group, Jacobs Engineering, McDermott, and Halliburton. These oil-engineering and construction stocks should be on the move during the coming month, he said, adding that many of the stocks "are shadows of their former selves." But at these prices, "many of these stocks are just too compelling."

In response to a caller, Cramer said that Williams Cos. and Dynegy would probably prove to be traps when compared to the oil-engineering and construction stocks that he mentioned at the top of the show.

As for the tanker companies, Cramer called them "show-me" stocks. They are levered to the number of ships there are and not to the price of oil, he said. With more and more boats coming in, this is probably not the place to be.

Cramer continued to say that tech stocks would be the place to be during the second half of the year. Tech business will pick up in August and then mutual funds will get interested. He recommended that investors get into tech before the big guys do. "It's better to take six weeks of pain than to miss the whole rally," he said. Since technology moves with product cycles -- not business cycles -- tech is the place to be. "We now have many more tech products than we've ever had." As a result, "2006 will be a great year for tech as we ride the product cycle up," he said.

A caller asked about derivative plays on Cisco and Cramer said to not over think it. The best way to play Cisco is to buy Cisco itself, he said.