Consider These Plays on the China Rebuilding

Why not take advantage of the decline in Deere (DE - commentary - Cramer's Take) that has terrible pin action in Cummins (CMI - commentary - Cramer's Take) and Caterpillar (CAT - commentary - Cramer's Take) and Terex (TEX - commentary - Cramer's Take)?

All of these will be candidates for the gigantic rebuild in China (particularly Cummins), which Bob Marcin has been most articulate on, and these are much less U.S. plays for construction than Deere. In fact, that's been the big change at CAT and the reason why it powered from $68 to $84.

Cummins just reported a great quarter, so that's not much of a risk. Terex is dirt-cheap. CAT has the best leverage to China and to all of the big oil projects going on around the globe. You have already seen the reversal in U.S. Steel (X - commentary - Cramer's Take), which is part of the Chinese rebuild.

This rebuild will soon obliterate any worries about U.S. demand. You can only imagine the kind of heavy equipment that will have to be bought for that rebuild, and with a weak dollar, the orders will go to the U.S. manufacturers of heavy equipment -- NOT Japan -- which is really important because otherwise the geography would dictate the orders going much more to the Japanese.

Random musings: Apple (AAPL - commentary - Cramer's Take) MasterCard (MA - commentary - Cramer's Take) and Research In Motion (RIMM - commentary - Cramer's Take) are telling you direction, as always.

At the time of publication, Cramer had no positions in the stocks mentioned.

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