Opinions
Jim Cramer - Mad Money
Sterling Infrastructure
STRL-Q
BUY
May 13, 2024
$128.120
Stock price when the opinion was issued
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BUY ON WEAKNESS
Up 144% so far this year and could do better if Washington's infrastructure money flows down to companies. From 2019 to 2022, earnings more than tripled. They just reported a great quarter last week that sent shares 32% higher last week. Had a huge revenue beat and earnings beat with a much-higher than expected backlog. Also raised guidance across the board. All their segments are on fire, enjoying backlogs like building data centres as data demand surges over the long term. Trades at a reasonable PE.
INDUSTRIAL PRODUCTS
Infrastructure plays working as a result of Federal spending. Would recommend buying.