Was Jim Cramer Right About These 10 Stocks?

4. Sterling Infrastructure, Inc. (NASDAQ:STRL)

Number of Hedge Fund Investors: 30

A caller asked about Sterling Infrastructure, Inc. (NASDAQ:STRL) in that older episode, one of several infrastructure stocks benefiting from U.S. federal funding at the time. Cramer grouped it with other winners in the sector:

“Every one of these is going to be the same thing — whether it be PWR, or whether it be AECOM, or whether it be Sterling — these are infrastructure plays that are working because that money is starting to pour in from the federal government. That’s why that’s a winner.”

The stock was indeed a winner, rising 46.38% since Cramer’s prediction.

Sterling Infrastructure, Inc. (NASDAQ:STRL) is a construction and engineering company specializing in infrastructure projects including highways, civil works, and water management systems. However, during an episode that aired at the beginning of the year, Cramer was more cautious about the stock, saying:

“Now, let me tell you, it is a lot like other companies. It is living off, I think, a lot of the federal money that has been spent. So, I don’t want to get greedy here. It is just two points off the high. I say you take some off the table, okay? Take some off the table and let the rest run.”