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Jim Cramer's Stop Trading! Buy Google

TheStreet.com Staff

Buy Foster Wheeler (FWLT) and Chicago Bridge & Iron (CBI), Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.

Cramer said Tuesday morning's bullish Goldman Sachs call on the infrastructure plays "would not have worked three to six months ago," but it's doing just fine now. Cramer said he believes the linkage that causes these stocks to go down every time the price of crude oil rises is breaking, which explains in part Tuesday's 9% surge in Chicago Bridge and the 7% rise in Foster Wheeler.

Cramer said he believes Foster Wheeler, up $4 to $62.60, could easily hit $75 or $80.

Cramer also likes Halliburton (HAL) off strong demand for the rest of its stake in its former KBR (KBR) unit. Cramer said a $3 billion buyback about to get under way will sop up supply and the restructuring will make the company "much less hostage to natural gas."

Cramer continues to like Google (GOOG), up $15 to $473, saying Goldman analyst Anthony Noto "is the ax in this name" and that a run in Google will ignite "a whole high-multiple group" including Akamai (AKAM) and Gilead (GILD). Cramer sees Google going to $650.

Also on Cramer's good list is Crocs (CROX), though he likes Under Armour (UARM) even better. He said shorts in Crocs are in for the obligatory house of pain, but a trip to Bloomington, Ind., shows the "dominance" of Under Armour. You get "hit over the head" with its merchandise at the Indiana University bookstore, Cramer said.