For people who are able and willing to invest in a stock now, he recommended buying Quanta. This stock is going to empower itself, Cramer said. If people must, they can buy some tomorrow, but he said he'd rather they study the stock and buy it next week.
Aeccom Has Action
Aecom (ACM Quote) is another infrastructure play people should take a look at, Cramer advised viewers. It is among only a few companies that can handle the large construction projects it undertakes, he said. And, as is the case for Quanta, there are a few reasons for the stock to go higher. First, after catching a nice upside since he recommended it earlier this year, Cramer said the stock has been punished. Aecom, now down nine points from its 52-week high, has reached the level where people can start buying it again. Second, people should look for companies with solvent customers, and there is no client more solvent than the government, Aecom's primary client, Cramer said. Finally, competitor Washington Group International (WNG Quote) is being taken private, which means new money will come to Aecom. Cramer said Aecom should garner some attention with two major contracts. It is building the permanent Path station at the World Trade Center in New York, and it has the contract to build the Second Avenue rail system in Manhattan.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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