Cramer's 'Mad Money' Recap: Power Rangers
TheStreet.com Staff
01/09/06 - 07:32 PM EST
Click here for an archive of Cramer's "Mad Money" recaps.
If the California Public Utilities Commission votes for a $2.8 billion solar power energy program, the solar stocks should jump, Jim Cramer told "Mad Money" TV viewers Monday.
That's because the CPUC sets the country's alternative energy policy, he said. And the best way to play these stocks is to get in early because the sector is growing at 50% a year.
He said that one of the best "stealth solar power" plays is
ATS Automation, a Canadian industrial automation company whose second business is solar power.
Its ADR trades on pink sheets, so he said that he would be willing to buy it in Canada because it's a substantial company with a big upside in its solar power division. ATS has 25 facilities worldwide and 4,000 employees.
Cramer reminded viewers that he identified
SunPower(SPWR Quote - Cramer on SPWR - Stock Picks),
Evergreen Solar(ESLR Quote - Cramer on ESLR - Stock Picks) and
Suntech Power(STP Quote - Cramer on STP - Stock Picks) as solar power plays before anyone else in the market and that if you bought early then you made some mad money.
He also told a caller who bought
Energy Conversion Devices(ENER Quote - Cramer on ENER - Stock Picks) at $36 not to let the stock go just because it's trading near $45.
Instead, Cramer said he would take a little off the table.
Damage Control
Cramer said that in the wake of the Sago mine tragedy in West Virginia, the government will have to start spending money to improve its mining safety record.
A recent
Knight Ridder investigation reported that mine safety enforcement investigation has eased since 2001, that major fines for coal companies have dropped 10% over that same period and that mine violations increased 18% in 2005.
The article's takeaway, Cramer said, is that the Bush administration is to blame. And once the administration starts to feel the heat, it'll go to
Mine Safely Appliances(MSA Quote - Cramer on MSA - Stock Picks) and buy way more stuff than it needs in a drastic effort at damage control.
The stock has yet to go up, but it will soon, Cramer predicted.
He added that the Sago disaster will not ultimately hurt coal stocks, and said that he likes
Peabody Energy(BTU Quote - Cramer on BTU - Stock Picks).
Coronation Street
For his stock picks of the week, Cramer decided to behead some old tech royalty and anoint the new.
You can have a tech rally without
Intel(INTC Quote - Cramer on INTC - Stock Picks),
Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks) and
Cisco(CSCO Quote - Cramer on CSCO - Stock Picks), he said, because PC and network companies are not where the action is.
The new tech royalty and Cramer's stock picks of the week are
Broadcom(BRCM Quote - Cramer on BRCM - Stock Picks) and
Marvell Technology Group(MRVL Quote - Cramer on MRVL - Stock Picks).
Cramer said that along with
Qualcomm(QCOM Quote - Cramer on QCOM - Stock Picks) at the high end and
Conexant Systems(CNXT Quote - Cramer on CNXT - Stock Picks) at the low end, these stocks will be hits because of Wi-Fi technology.
Cramer said that when all the gadgets you have go wireless -- and they will -- these are the stocks to be in.
Broadcom dominates short-range, wireless technology and is the biggest name in Bluetooth technology. Moreover,
Nokia(NOK Quote - Cramer on NOK - Stock Picks) expects sales of Bluetooth-enabled phones to skyrocket.
Cramer also said that Marvell is worth the premium because it makes Wi-Fi chips for PlayStation Portables, cell phones, hard drives, DVRs and notebook computers.
Mad Mail
Cramer wrapped up the show with some viewer mail.
A viewer said that he was thinking about staying away from
Wendy's initial public offering of its
Tim Hortons doughnut chain because it is being offered in installments. Cramer agreed, saying he'd hold off on that IPO too.
He told another viewer he would ring the register on
ATI Technologies(ATYT Quote - Cramer on ATYT - Stock Picks) and revisit the stock later.
Another viewer said that her
Canadian Natural Resources(CNQ Quote - Cramer on CNQ - Stock Picks) stock had jumped and that she was thinking about getting into a copper play.
Cramer recommended ringing the register on Canadian Natural Resources and picking up some
Southern Copper(PCU Quote - Cramer on PCU - Stock Picks).
Lightning Round
Bullish
Cramer was bullish on:
McGraw-Hill(MHP Quote - Cramer on MHP - Stock Picks),
Walgreen(WAG Quote - Cramer on WAG - Stock Picks),
IntercontinentalExchange(ICE Quote - Cramer on ICE - Stock Picks),
Urban Outfitters(URBN Quote - Cramer on URBN - Stock Picks),
Accenture(ACN Quote - Cramer on ACN - Stock Picks),
AES(AES Quote - Cramer on AES - Stock Picks),
Pioneer Drilling(PDC Quote - Cramer on PDC - Stock Picks),
Nabors(NBR Quote - Cramer on NBR - Stock Picks),
Schlumberger(SLB Quote - Cramer on SLB - Stock Picks),
Shanda Interactive Entertainment(SNDA Quote - Cramer on SNDA - Stock Picks),
Amgen(AMGN Quote - Cramer on AMGN - Stock Picks),
Nektar Therapeutics(NKTR Quote - Cramer on NKTR - Stock Picks),
Bank of America(BAC Quote - Cramer on BAC - Stock Picks),
Citigroup(C Quote - Cramer on C - Stock Picks),
Accredited Home Lenders(LEND Quote - Cramer on LEND - Stock Picks),
Conexant Systems(CNXT Quote - Cramer on CNXT - Stock Picks),
Whole Foods(WFMI Quote - Cramer on WFMI - Stock Picks),
Lufkin Industries(LUFK Quote - Cramer on LUFK - Stock Picks)
and
Tetra Technologies(TTI Quote - Cramer on TTI - Stock Picks).
Bearish
Cramer was bearish on:
Endesa SA(ELE Quote - Cramer on ELE - Stock Picks),
Genentech (DNA Quote - Cramer on DNA - Stock Picks),
3M(MMM Quote - Cramer on MMM - Stock Picks),
New Century Financial(NEW Quote - Cramer on NEW - Stock Picks),
Hain Celestial(HAIN Quote - Cramer on HAIN - Stock Picks),
Cintas(CTAS Quote - Cramer on CTAS - Stock Picks),
Dress Barn(DBRN Quote - Cramer on DBRN - Stock Picks),
Petro-Canada(PCZ Quote - Cramer on PCZ - Stock Picks),
Suncor(SU Quote - Cramer on SU - Stock Picks),
SFBC International(SFCC Quote - Cramer on SFCC - Stock Picks),
True Religion Apparel(TRLG Quote - Cramer on TRLG - Stock Picks)
and
World Wrestling Entertainment(WWE Quote - Cramer on WWE - Stock Picks).
For more of Cramer's insights during the Lightning Round, click here.
