Cramer's Capital Goods Plays

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From 8-31-07:

"The capital goods sector continues to signal health in the world's export market...You don't have to look any further than the news on Manitowoc earlier this week; it announced it's going to build a crane plant in Slovakia. You don't do that if you have a rip-roaring U.S. market. And we don't, even though commercial construction is still strong. (How long will that last if the Fed doesn't act? The bulls say forever, of course.)

All of these companies have two things in common:

They look overseas for orders.
They aren't that big-cap.

I have been all over this trend and have refused to back down from the point of view that these stocks are the 1990 version of the growth stocks that were able to avoid the financial gravitational pull that so weighed on the market. These stocks are in orbit, and the fact that many of these stocks are on the verge of hitting 52-week-highs or are near them shows you, once again, what to go to the next time we are down 200 points on the Dow.

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