Jim Cramer Says Martin Marietta Materials, Inc. (MLM) Is “Doing A Huge Amount Of Business”

We recently published 10 Stocks Jim Cramer Discussed As He Dismissed A Recession. Martin Marietta Materials, Inc. (NYSE:MLM) is one of the stocks Jim Cramer recently discussed.

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Martin Marietta Materials, Inc. (NYSE:MLM)’s shares have gained 22% year-to-date due to several factors, such as strong earnings reports, analyst coverage, and dividend raises. The shares have performed well despite the fact that the home building industry is continuing to struggle due to high interest rates. Cramer has started to discuss Martin Marietta Materials, Inc. (NYSE:MLM) frequently over the past couple of days. His previous comments have outlined that the firm is playing a key role in the US data center buildout, and he continued with this theme:

“Look I was with a, Howard Nye the other day. He is the CEO of the largest rocket company, aggregate company, uh Martin Marietta Materials. And they’re doing a huge amount of business, they’re putting a, they’re laying it down data centers. And then he starts, I said well how about infrastructure, and he goes, [inaudible] money’s still coming. I’m thinking, get the darn money out, we don’t want to have manufacturing to be in decline in this country. That’s something that nobody wants, Democrats or Republicans, and it’s not working the way I thought it would have.”

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