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Buy Foster Wheeler (FWLT Quote) and Chicago Bridge & Iron (CBI Quote), 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. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
|
|
UP
126.74
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UP
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UP
31.21
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UP
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10 Yr
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SPDR Gold
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+2.31%
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