Buy Foster Wheelerundefined, Jim Cramer said on CNBC's "Stop Trading!" segment Friday.
Cramer said he also likes
, but "the problem with it is it's got too much nuclear." No one wants to build a nuclear plant in this country, he said.
Cramer likes Foster Wheeler for its coal-bed fluidization. "Coal is hot as a pistol," he said. He mentioned
as a company in the sector. At the end of the day, however, "Foster Wheeler is my play. Period. End of story," he said. He said the company reported a "powerful quarter" and has a "great backlog."
Cramer said some people estimate that 50% of commodities are trading on speculation, "which makes me want to buy
." He predicted a "major move to the upside" once the exchange finishes acquiring
( NMX). "They're very pro-shareholder," he said.
Cramer said that a decline in
shares was a "classic raid" by short-sellers. He recommended that the Senate investigate short-selling tactics.
Cramer also said the fundamentals of the company are bad. "I really dislike that stock intensely," he said. He concluded by joking, "It has a great deposit base. It maybe gets an $8 bid one day." The stock is currently trading in the $10.50 range.
At the time of publication, Cramer was long Foster Wheeler.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.