Jim Cramer's 'Stop Trading!': Buy Shaw Group

The company has a bullish long-term outlook, Cramer says.
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Buy Shaw Group (SGR) Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

Cramer said that the stock, down 4% today, overreacted to an earnings statement today. He agreed with the company's contention that it is a nuclear power play. "When you look at these infrastructure plays," he said, investors "react short-term to what should be long-term" news. He said he would buy the stock and that the company has a great outlook over the long term.

Circuit City

(CC) - Get Report

shares fell after the company offered a gloomy forecast in its earnings report. "

Best Buy

(BBY) - Get Report

is best in show," Cramer said. "It's given up all those gains it's had after that better-than-expected quarter. ... I don't want to touch Circuit City."

Cramer noted that many early-cycle retailers have been "clobbered" today. He attributed their decline to a disappointing first-quarter outlook from

UPS

(UPS) - Get Report

. "I think retail is doing awfully," he said.

Bed Bath and Beyond

(BBBY) - Get Report

, which was down 5% today, has a "great balance sheet," Cramer said, but "I'm not a buyer of it." He said

Pier 1

(PIR) - Get Report

might be due for a comeback, but he is not recommending any retailers besides

Costco

(COST) - Get Report

,

Wal-Mart

(WMT) - Get Report

and

Urban Outfitters

(URBN) - Get Report

.

"I feel that Wal-Mart is very very right here," Cramer said. As for Urban Outfitters, he said the company is a "misunderstood story" and praised its guerilla-style marketing.

In tech, Cramer predicted that

Cisco

(CSCO) - Get Report

shares would fall to $21 or $22.

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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