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Market Unfairly Beating Up on These Three

By Jim Cramer

About this article:
Foster Wheeler, Fluor and McDermott are in free fall, and while I was disappointed in McDermott's earnings, I am miffed that FWLT and FLR, which had really great backlogs and earnings, can't get any support at all here. Fluor, first of all, guided up very big, one of the biggest I have seen, so for this stock to be down 10% seems absurd. Foster Wheeler now trades at less than one time its backlog, a solid backlog put on mostly when oil was substantially lower, so there is almost no chance of cancellation. Yet nobody cares because of the price of crude. This is a market that loves and hates with such passion that you have to ask yourself if this is the moment when you have to start buying and putting away stocks that sell at valuations that make no sense unless oil...

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