Mad Money Recap
Cramer's 'Mad Money Recap': The Next President's Green Thumb
TheStreet.com Staff
04/23/08 - 07:53 PM EDT
Click here for an archive of Cramer's "Mad Money" recaps.
"Everyone knows that a Democratic president would be good for just about everything green," Jim Cramer told viewers of his "Mad Money" TV show.
Cramer: More Tech Names I Like |
A Boost for Nuclear Power
If Republican candidate John McCain gets elected president, Cramer says the nuclear power industry will see the biggest boost. "McCain has never flip-flopped on his support for nuclear," he said. He said Shaw Group (SGR Quote - Cramer on SGR - Stock Picks) will be the company with the most to gain from a McCain administration. While Cramer admitted that Wall Street was disappointed with Shaw Group's latest quarterly results, he called the negativity towards the company "short-sighted." Shaw Group is one of only a handful of companies that does both engineering and construction work on nuclear power plants, he reminded viewers. Cramer also recommended NRG Energy (NRG Quote - Cramer on NRG - Stock Picks) as another McCain play. "NRG is the only electric utility that's totally committed to nuclear power," he said. Finally, Cramer reiterated a buy on Comverge Energy, which, he said, should perform well under any president, Democrat or Republican.The Auto-Recycling Boom
Cramer once again welcomed Willis Johnson, chairman and CEO of auto part recycler Copart (CPRT Quote - Cramer on CPRT - Stock Picks) to the show to discuss his company's outlook. Johnson said that the auto recycling business is booming. Not only do cars today have many recyclable parts, he said, but there is also a growing market for shipping slightly damaged autos overseas where they can be repaired more inexpensively. Johnson also explained that Copart's disappointing quarter was due largely to costs associated with the company's recent acquisition in the U.K. and that those costs are now behind them. Cramer said he still feels Copart is in bull-market mode and suggested investors "stick with them."Sudden Death
Cramer was bullish on CIGNA (CI Quote - Cramer on CI - Stock Picks) and J Crew (JCG Quote - Cramer on JCG - Stock Picks). He was bearish on Delta Air Lines (DAL Quote - Cramer on DAL - Stock Picks) and Target (TGT Quote - Cramer on TGT - Stock Picks). In a final note, Cramer told investors that Apple (AAPL Quote - Cramer on AAPL - Stock Picks) is still going higher over the next 12 months. "Stick with it," he said.Am I Diversified?
Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included Biogen Idec (BIIB Quote - Cramer on BIIB - Stock Picks), Foster Wheeler (FWLT Quote - Cramer on FWLT - Stock Picks), Freeport McMoran (FCX Quote - Cramer on FCX - Stock Picks), Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks) and ValuClick (VCLK Quote - Cramer on VCLK - Stock Picks). Cramer called this portfolio "perfection." The second caller's top holding included Raytheon (RTN Quote - Cramer on RTN - Stock Picks), Pepsi (PEP Quote - Cramer on PEP - Stock Picks), Consolidated Edison (ED Quote - Cramer on ED - Stock Picks), Conoco Philips (COP Quote - Cramer on COP - Stock Picks) and Philip Morris (PM Quote - Cramer on PM - Stock Picks). Cramer said this portfolio was also great. The third caller's portfolio had AT&T (T Quote - Cramer on T - Stock Picks), Diana Shipping (DSX Quote - Cramer on DSX - Stock Picks), DuPont (DD Quote - Cramer on DD - Stock Picks), JP Morgan (JPM Quote - Cramer on JPM - Stock Picks) and Ford (F Quote - Cramer on F - Stock Picks) preferred shares as his top holdings.