He isn't interested in direct commodity plays. "Don't play it with copper. Don't play it with aluminum," he said. "I don't want the commodities. We're still in hedge-fund liquidation mode. That's why the oil trade doesn't work for me at all."
He said Caterpillar's last quarter was "actually quite good" for the company, and the company is poised to benefit from an economic stimulus package in either China or the U.S. "Either way, CAT is going to get the orders," he said.
"reported a great quarter and went up big," he said, but he still prefers Caterpillar to Fluor and
In this environment, Cramer also likes dollar stores. "I'm totally into that," he said. "It is where people trade down to." He said
is "a great idea here" and said that the way it names its products to bring to mind popular brands is "brilliant marketing. It can fool anyone."
At the time of publication, Cramer was long Foster Wheeler.
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