Jim Cramer's Stop Trading! Dynegy Die-Hard - TheStreet

Jim Cramer's Stop Trading! Dynegy Die-Hard

Cramer loves infrastructure and power stocks off the Mirant move.
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Dynegy

(DYN)

is heading to $13 from a recent $10 and change, Jim Cramer said Monday on

CNBC

's "Stop Trading!" segment.

Cramer said news that

Mirant

(MIR)

is up for sale is lifting the entire power producing group, including

NRG

(NRG) - Get Report

, which also benefited from a positive note from Jefferies. Cramer said these stocks and infrastructure plays such as

Foster Wheeler

(FWLT)

look good right now because "prices have been hostage to the price of oil," which after a sharp rise in recent weeks is now declining. Cramer also said Dynegy chief Bruce Williamson is a "fabulous manager" who doesn't get credit for his vision.

Cramer also applauded a Credit Suisse downgrade of

D.R. Horton

(DHI) - Get Report

and

Pulte

(PHM) - Get Report

, calling it "eye-opening." Cramer said the report points the way to a 15%-20% decline for homebuilders who haven't sufficiently reduced their land holdings.

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

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