Stock Tickers: DE, MON, SQM, CAT, TEX, MTW, FWLT, MDR, JEC, BA, UTX
Cramer tonight discussed where the wild bull markets are that you want to be in. He has six bull markets.
1) Agriculture: the subsidies bring in $55 Billion in revenues to large farm companies alone. His 3 picks in this are Deere (DE), Monsanto (MON), and Sociedad QM (SQM).
2) Machinery: his pick is Caterpillar (CAT); Cramer also likes Terex (TEX) and likes Manitowoc (MTW), but he said CAT’s the best of breed pick and that’s the one he wants.
3) Infrastructure, perhaps the most wild bull market: the two cheapest after the big runs are Foster-Wheeler (FWLT) and McDermott (MDR), both of which he has been behind for large runs. All the asbestos issues are behind the companies and they are very undercovered on Wall Street. Jacobs Engineering (JEC) is the runner up.
4) Aerospace: Cramer’s pick is Boeing (BA) as it should be up more than it is, particularly after Airbus woes. He said he likes United Tech (UTX) but the best is Boeing and Boeing is now going north of $100.00.
Jon C. Ogg
May 29, 2007
Jon Ogg can be reached at firstname.lastname@example.org; he does not own securities in the companies he covers.