Jim Cramer In AECOM: "I've Been Waiting for an Opportunity"

AECOM (NYSE:ACM) is one of the stocks Jim Cramer commented on. Cramer commented that he wished that the company stock “had just cooled off for a second,” as he said:

“But the downgrade also temporarily stopped the legendary rally in the big three of engineering construction, write these down: AECOM, Jacobs Solutions, and Quanta Services. Now, I’ve been waiting for an opportunity. I wish these stocks had just cooled off for a second so I can tell investing club members to buy them.

There will be too much business from the more than $1 trillion pledged by foreign governments and the nation state of Apple to rebuild American manufacturing. These three are going to get the lion’s share of the contracts, and I kept thinking their stocks were unlikely to make any sort of break. Now, you’re finally maybe getting a chance to buy them on weakness.”

AECOM (NYSE:ACM) provides infrastructure consulting services, including advisory, design, engineering, construction management, and development for public and private clients. Moreover, the company invests in and develops real estate projects, serving sectors such as transportation, water, facilities, environmental, and energy.

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Disclosure: None. This article is originally published at Insider Monkey.