Commercial construction names like
are ready to roll higher, Jim Cramer said Monday on
Cramer lauded Cleveland-based Eaton, up 6% at midafternoon, for Monday's "amazing quarter." He said other low-profile diversified manufacturers and suppliers such as
also look attractive here, given the flood of money into the commercial construction business.
Cramer said the one downside of Eaton's bullish call on Monday is that now the question with the
isn't how soon it will ease rates but whether it will again have to raise rates.
Cramer also shrugged off
comment that it will hold exploration capital spending steady in the next couple years. Cramer said that comment is actually hugely bullish for oil drillers, given that Exxon has said it expects oil prices to drop. As a result, he said, he had expected the company to trim its capital spending budget.
"This was amazing," he said, calling Exxon "the least levered to oil" among the big oil companies.
At the time of publication, Cramer had no positions in stocks mentioned.
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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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.