Strange Bedfellows

The homogeneity of infrastructure stocks is hilarious. Aecom (ACM - commentary - Cramer's Take) has nothing whatsoever to do with Fluor (FLR - commentary - Cramer's Take) or Foster Wheeler (FWLT - commentary - Cramer's Take), but the sector analysis is all that matters these days, so they take up everything.

Aecom is directly related to municipality spending, and that's the House and the Senate bill, so when you add that to the quarter you can see tons of upside.

But Foster Wheeler? It is an oil play. Period. Fluor does some government building but is more of a big builder of corporate buildings.

Shaw (SGR - commentary - Cramer's Take) and McDermott (MDR - commentary - Cramer's Take) get legs and they are completely different from ACM, almost entirely power-related. Remember, when you think about ACM, you should be thinking about things like the Second Avenue Subway in New York, which got a ton of financing in the congressional stimulus plan.

The real oddity? URS (URS - commentary - Cramer's Take). That's the most similar to Aecom -- in fact, I could argue it is a clone. Yet it is barely up. I like the company very much even though it has had spotty earnings.

This market is totally nuts in its extrapolations, no doubt totally related to the various ETFs that makes everything trade together, especially stocks that shouldn't!

At the time of publication, Cramer was long Foster Wheeler.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.