Martin Marietta Materials (MLM) Is Key to US Data Center Buildout, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive. Martin Marietta Materials, Inc. (NYSE:MLM) is one of the stocks Jim Cramer recently discussed.

Martin Marietta Materials, Inc. (NYSE:MLM)’s shares have gained 21% year-to-date as the firm has benefited from deft business management despite factors such as weather problems affecting its business. The shares have also seen tailwinds from growing data center construction in the US. Cramer has recently discussed Martin Marietta Materials, Inc. (NYSE:MLM) quite a lot and pointed out that the firm might see additional tailwinds once home building activity in the US starts to pick up. Here is what he said about the firm:

“I had a company, I know this is going to, if David were here he’d say Jim, what the [omitted] are you talking about? But I had Martin Marietta Materials on last night, they are one of the largest aggregate companies, and they’re putting up, they’re the guys you need for under the data center, the cement.”

Copyright: lightkeeper / 123RF Stock Photo

The CNBC TV host had discussed Martin Marietta Materials, Inc. (NYSE:MLM) his previous night’s appearance on Mad Money:

“Okay, what’s going on with the stock of Martin Marietta Materials… Over the past few years, this company’s been a big beneficiary of federal infrastructure spending, and there’s still a lot of money left in Biden’s old infrastructure package. I had no idea until I read its deck. They had a big analyst meeting today. The last quarter was solid, too, and the stock’s up a quick 38% from April lows.”

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