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Companies that build energy-industry infrastructure like




Foster Wheeler


look cheap and should be bought, Jim Cramer said on


"Stop Trading!" segment Wednesday.

"Let them come in, buy these," Cramer said. These companies operate on "seven- and eight-year cycles. You don't cancel a big petrochemical plant because oil's been down for three days." On the other hand, "sell



because refining margins have been crushed."

Cramer also recommended being selective among drilling-service providers after



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TheStreet Recommends

"Valentine's Day massacre" on Tuesday.

"Every single one is being taken out and shot. Some of these guys should be survivors." Cramer named





( LUFK) and

National Oilwell Varco


as potential winners.




, Cramer argued that mutual fund managers bid it up too far, and "now it's coming back down." With



, you're getting its Kellogg Brown & Root oilfield service unit "for free" at the current quote.

Cramer also praised the congressional testimony of new

Federal Reserve

chairman Ben Bernanke, saying "he's going to do the right thing and you're not going to see the inverted yield curve get any worse." He recommended brokers as a play on Bernanke, not just blue chips like

Goldman Sachs




( LEH) and

Bear Stearns

( BSC), but second-tier banks like

Wells Fargo



Capital One



"The bears are going to run into trouble here because they're hanging their hats on a 6% fed funds rate," Cramer said. "They're not going to get it."

Among asset managers, Cramer decried a selloff in one of his favorites,



. "This is a group that doesn't move if rates are going the wrong way. The whole complex of journalists and bears has been weighing in on financials and it looks like the stocks aren't going to take it anymore."

At the time of publication, Cramer was long Wells Fargo, Foster Wheeler and Halliburton.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.