Media

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 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.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.