One way to play infrastructure stocks is to wait for them to fall after they report earnings, then go long for a "snap-back" rally, Jim Cramer said on
"Stop Trading!" segment Monday.
is one example. "Anyone who owned FLR going into the last quarter knows it got crushed and then snapped back a good 15 points," Cramer said. "That's a pattern with these stocks."
Cramer cited similar trading in
, saying a "half position" is the best way to play the trade.
Following the acquisition of
( GDW) by
, Cramer said
( LEND) are ripe for the picking.
Regarding the merger of
( FSH) and
, Cramer said
could be worth a look.
Cramer also said
"looks cheap" after a $3 slide.
meeting, Cramer said to look for bank stocks that rose on news of the Wachovia/Golden West deal to "get hammered" when the Fed raises. He said to wait for
Bank of America
to come down and then "pounce."
At the time of publication, Cramer had no positions in the stocks mentioned.
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