Cramer's 'Mad Money Recap': The Next President's Green Thumb
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"Everyone knows that a Democratic president would be good for just about everything green," Jim Cramer told viewers of his "Mad Money" TV show.
He said Hillary Rodham Clinton and Barack Obama are remarkably bullish on green initiatives. Both pledge to invest $150 billion in clean energy over the next 10 years. Both have proposals to reduce carbon emissions and promote renewable energy, and each has pledged to support producing 60 billion gallons of biofuels by 2030.
Cramer: More Tech Names I Like
A Boost for Nuclear PowerIf 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) 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) 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 BoomCramer once again welcomed Willis Johnson, chairman and CEO of auto part recycler Copart (CPRT) 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 DeathCramer was bullish on CIGNA (CI) and J Crew (JCG). He was bearish on Delta Air Lines (DAL) and Target (TGT). In a final note, Cramer told investors that Apple (AAPL) 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), Foster Wheeler (FWLT), Freeport McMoran (FCX), Hudson City Bancorp (HCBK) and ValuClick (VCLK). Cramer called this portfolio "perfection." The second caller's top holding included Raytheon (RTN), Pepsi (PEP), Consolidated Edison (ED), Conoco Philips (COP) and Philip Morris (PM). Cramer said this portfolio was also great. The third caller's portfolio had AT&T (T), Diana Shipping (DSX), DuPont (DD), JP Morgan (JPM) and Ford (F) preferred shares as his top holdings.
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