Bullish market sectors

[avikapoor2004]

This column was originally published on RealMoney on April 20 at 9:49 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Looking for the bull markets? Let's just recount the strongest so you know where the hunting is best.

1. Gold, plain and simple. Cheapest: still Goldcorp (GG:NYSE - news - research - Cramer's Take). Most speculative with biggest payoff: Crystallex (KRY:Amex - news - research - Cramer's Take) -- yeah, it's in bed with Chavez, but he needs to put people to work and gold mines do it better than anyone else. Worst: Newmont (NEM:NYSE - news - research - Cramer's Take). It's running out of gold and seeing higher finding costs, but you know what? It's the worst house in a great neighborhood.

2. Minerals. Go for the supermarkets: BHP Billiton (BHP:NYSE - news - research - Cramer's Take) and Rio Tinto (RTP:NYSE - news - research - Cramer's Take). Those are still good. I have sold some BHP from Action Alerts PLUS, felt like a pig. Don't forget copper, where I just sold some Southern Copper (PCU:NYSE - news - research - Cramer's Take) 'cause I couldn't take the vertigo. I would get back in it down $10. Aluminum: Alcan (AL:NYSE - news - research - Cramer's Take). Nickel: Inco (N:NYSE - news - research - Cramer's Take). Don't outthink this stuff; go for the branded products. You can go down to Northgate (NXG:NYSE - news - research - Cramer's Take), but it is a stretch to me.

3. Aerospace and defense. Boeing (BA:NYSE - news - research - Cramer's Take) is still the lay-up. Textron (TXT:NYSE - news - research - Cramer's Take) -- nice quarter! -- General Dynamics (GD:NYSE - news - research - Cramer's Take), both superb. United Technologies (UTX:NYSE - news - research - Cramer's Take) still works higher because of these two bull markets. I also like AMR (AAR:NYSE - news - research - Cramer's Take), on the new FAA rules about inspections.

4. Oil service. I am not worried at all about the upcoming Schlumberger (SLB:NYSE - news - research - Cramer's Take) and Halliburton (HAL:NYSE - news - research - Cramer's Take) earnings and would own calls, deep in-the-money calls, on both. I just started buying Nabors (NBR:NYSE - news - research - Cramer's Take) and think it looks great even up here. An ancillary play: Stick with Valero (VLO:NYSE - news - research - Cramer's Take), because refining is good until we build another refinery.

5. Derivatives. Chicago Merc (CME:NYSE - news - research - Cramer's Take) and CBOT (BOT:NYSE - news - research - Cramer's Take) both still work higher, as do GFI Group (GFIG:Nasdaq - news - research - Cramer's Take), Goldman (GS:NYSE - news - research - Cramer's Take), Bear (BSC:NYSE - news - research - Cramer's Take) and Lehman (LEH:NYSE - news - research - Cramer's Take). Yeah, I know these are hard to understand, but you aren't paying much for them still. I think that Goldman goes to $225.

6. Fiber to the home. Conexant (CNXT:Nasdaq - news - research - Cramer's Take) remains my favorite, along with JDSU (JDSU:Nasdaq - news - research - Cramer's Take) and Finisar (FNSR:Nasdaq - news - research - Cramer's Take).

7. Rails. Any rails. I like Norfolk Southern (NSX:NYSE - news - research - Cramer's Take). But CSX (CSX:NYSE - news - research - Cramer's Take), Burlington (BNI:NYSE - news - research - Cramer's Take) and Union Pacific (UNP:NYSE - news - research - Cramer's Take) all work their way higher, because of ...

8. Coal! Peabody Energy (BTU:NYSE - news - research - Cramer's Take) has moved too much. I am wondering if the money doesn't go toward coal now.

9. Construction equipment -- mostly for BRIC (Brazil, Russia, India, China). Again, don't outthink it: Caterpillar (CAT:NYSE - news - research - Cramer's Take). But you can own Parker Hannifin (PH:NYSE - news - research - Cramer's Take), Eaton (ETN:NYSE - news - research - Cramer's Take), Cummins (CMI:NYSE - news - research - Cramer's Take), Paccar (PCAR:Nasdaq - news - research - Cramer's Take) and Terex (TEX:NYSE - news - research - Cramer's Take).

10. Infrastructure. People are overlooking this bull market. There are projects being let in the Middle East and East Asia that are the biggest ever. Think Fluor (FLR:NYSE - news - research - Cramer's Take), Foster Wheeler (FWLT:Nasdaq - news - research - Cramer's Take), Jacobs Engineering (JEC:NYSE - news - research - Cramer's Take) and McDermott (MDR:NYSE - news - research - Cramer's Take). My fave: Foster Wheeler!

Deviate from the list: Underperform. Overweight the list? Outperform.

Not much else to it.