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Cramer's 'Mad Money' Recap: More Oil Plays

Stock quotes in this article: FLR , SGR , JEC , MDR , HAL , CSCO , INTC , MRO , RIG , FPL , GME , ELOS , AMLN , SIRI , ADBE  

On CNBC's "Mad Money," Jim Cramer espoused the virtues of oil-engineering and construction stocks Tuesday night. "High oil is here to stay," Cramer said.

Simply put, he said, "oil prices are high because there is more demand than supply." But there's a way to make money from high oil. Cramer pounded the table on Fluor, Shaw Group, Jacobs Engineering, McDermott, and Halliburton. These oil-engineering and construction stocks should be on the move during the coming month, he said, adding that many of the stocks "are shadows of their former selves." But at these prices, "many of these stocks are just too compelling."

In response to a caller, Cramer said that Williams Cos. and Dynegy would probably prove to be traps when compared to the oil-engineering and construction stocks that he mentioned at the top of the show. ...

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