Cramer’s Middle East Infrastructure Picks
On tonight’s MAD MONEY on CNBC, Jim Cramer came out not just on a ROW strategy for "rest of the world," but said it’s a BRIC+ME: Brazil, Russia, India, China PLUS the Middle East. His picks here Caterpilar (CAT-NYSE) and…
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On tonight’s MAD MONEY on CNBC, Jim Cramer came out not just on a ROW strategy for "rest of the world," but said it’s a BRIC+ME: Brazil, Russia, India, China PLUS the Middle East. His picks here Caterpilar (CAT-NYSE) and Cummins (CMI-NYSE) for global capital spending plays. His other two picks from the area are hot as well as McDermott International (MDR-NYSE) and Foster Wheeler (FWLT-NASDAQ) that are both up big after his recommendations. As expected, Cramer stuck with Fosted Wheeler and even said it could fetch $100.00. Chicago Bridge & Iron is a beneficiary of the weak dollar and it wins many international infrastructure pacts in the Middle East.
Jon C. Ogg
May 9, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
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