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Cramer's 'Mad Money' Recap: It's Easier Being Green

TheStreet.com Staff

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Capping off a week in which he offered at least one environmental-stock idea each day, Jim Cramer told viewers of his "Mad Money" show Friday that he had saved his two best picks for last.

Cramer's weeklong "Green Day" stock theme stems from April 2, the day of a Supreme Court ruling in Massachusetts vs. the Environmental Protection Agency. The ruling made it profitable for market players to invest in environmentally friendly companies, he said.

To round his Green Day portfolio, Cramer offered two names, the first of which is OM Group (OMG Quote).

"The word here is cobalt," he said.

OMG controls 13,000 tons of cobalt, a quarter of the world's cobalt capacity, said Cramer. This, he explained, is important because cobalt is used in the batteries found in hybrid cars. Cobalt prices should remain stable or go higher, especially since no new capacity is expected to come until 2009, he said.

But OMG is more than just cobalt, Cramer said, and what really attracted him to OMG was that in addition to being a Green Day play, it's a metals play.

OMG has copper exposure, a commodity that Cramer believes is going higher. Plus, the company's balance sheet is getting better, he said.

Moving on, Cramer named Fuel Tech (FTEK Quote) as his "ultimate" speculative play on Green Day.

Fuel-Tech is a play on power companies "forced or incentivized to pollute less," he said. Earlier in the week, Cramer said, he told viewers that Foster Wheeler (FWLT Quote) and Shaw Group (SGR Quote) were his picks for cleaner power. And they still are, for the more conservative of investors.

But for people who don't mind more risk, Fuel-Tech is the stock for them, Cramer said. It has the technology that enables power companies to burn clean coal fuel, he said. It reduces nitrogen oxide emissions and has a fuel chemistry business aimed at saving power. The company "has been getting contract after contract ever since Green Day," Cramer said.

Moreover, because coal provides more than 49% of our electricity, he said, "it's pretty important." We can't solve our problem with ethanol, he said, because it's too inefficient. Therefore, in addition to Green Day, which should force coal-burning utilities to become cleaner, Fuel-Tech is also a play on efficiency, Cramer said.

On a separate note, he told viewers it's a great time to be a bull. And even though the market is up significantly, "there is still room to run."

"I am not exaggerating when I say the best is yet to come," Cramer said. "We are going to be up 17%" this year.

Next Week's Game Plan

Although "there's not much cooking" on Monday, Cramer said, the rest of the week will be jam-packed.

On Tuesday, VF Corp. (VFC Quote) and Parker-Hannifin (PH Quote) report. Both of these stocks could see a nice jump, he said. VF Corp., he reminded viewers, is one of his "Benefit of the Doubt" plays. Parker-Hannifin, Cramer said, will likely ride the wave with Eaton (ETN Quote) and Honeywell (HON Quote).

Wednesday is a big day, Cramer said. There are a lot of potential ways to win, but Cramer said he's only going to name five of his favorite Wednesday picks so as not to bombard people with too many names: Akamai Technologies (AKAM Quote), Apple (AAPL Quote), Boeing (BA Quote), PepsiCo (PEP Quote) and Allegheny Technologies (ATI Quote).

Cramer believes both Apple and Akamai will be worth getting into ahead of their quarters -- Apple as a play on its new iPhone and Akamai as a way to play streaming video.

Moreover, Boeing is going to $100, he predicted, and it won't be surprising if Allegheny Tech reports a "giant number." Boeing closed at $93.29 on Friday.

Next week will be a good chance to also get into some Exxon Mobil (XOM Quote), Cramer said. Exxon and Halliburton (HAL Quote), which he owns for his Action Alerts PLUS charitable trust, both report on Thursday.

Because Halliburton has "lagged," it could have the potential to run here, as could Level 3 Communications (LVLT Quote), which also reports Thursday, Cramer said.

Moreover, he believes NYSE (NYX Quote), his "growth stock of the year," should also move next week when it reports Thursday.

On Friday, Cummins (CMI Quote) and National Oilwell Varco (NOV Quote) report, Cramer continued, neither of which "are done going up."

Mad Mail

In the show's "Mad Mail" segment, Cramer said he considers Lamson & Sessions (LMS Quote) a "natural" takeover target. He said he believes the risk/reward is 1 point down and 6 points up.

Cramer told another mailer and CNBC Million Dollar Portfolio Challenge player that Charter Communications (CHTR Quote) is his favorite play for the game. He also named Dynegy(DYN Quote) and Rite Aid (RAD Quote) as "great single-digit plays" and Level 3 Communications as a "good game name."

Lightning Round

Cramer was bullish on Clean Harbors (CLHB Quote), PG&E (PCG Quote), Exelon (EXC Quote), Dynegy (DYN Quote), McDonald's (MCD Quote), Fastenal (FAST Quote), Home Depot (HD Quote), Lowe's (LOW Quote), Sears (SHLD Quote), AES (AES Quote), Windstream (WIN Quote), GigaMedia (GIGM Quote), Boeing (BA Quote), Costco (COST Quote), Paccar (PCAR Quote), Cummins (CMI Quote), Tata Motors (TTM Quote) and Qualcomm (QCOM Quote).

Cramer was bearish on Starbucks (SBUX Quote).

For more of Cramer's insights during the most recent Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting