Cramer's 'Mad Money' Recap: Power Up With Shaw

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Infrastructure is in a long-term bull market and its sweet spot is nuclear power, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

Infrastructure is one of the five long-term bull markets Cramer talks about in his new book, Stay Mad for Life. Earlier in the week, he mentioned aerospace and defense, oil and mining.

Cramer said infrastructure stocks are attractive because of the growing demand for oil refineries, complex fuels, roads, tunnels, bridges and power plants. In particular, he singled out the strong global demand for nuclear power, especially in China and India.

He said the single best stock for nuclear right now is Shaw Group (SGR Quote).

The company reported a "beautiful" quarter today, with revenue up 40%, and has an enormous backlog with many projects in the pipeline, he said. The backlog, up 57% year over year, is almost triple the size of the company, which has a market cap of $5.1 billion, and shows just how great Shaw Group's future is looking.

Shaw Group is a pure play on power and is even better than ABB (ABB Quote), Cramer said. Plus, the company has a great clean-air business.

"Given its diminutive size, I would be shocked if it was independent a year from now," he said. "But anyhow we like this one for the long haul."

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