Mad Money Recap
Cramer's 'Mad Money' Recap: Power Rangers
01/09/06 - 07:32 PM EST
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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 SunPowerSPWR, Evergreen SolarESLR and Suntech PowerSTP 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 DevicesENER 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 AppliancesMSA 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 EnergyBTU.
Cosmetic lasers provide a direct way to make money off of people's vanity, says Cramer.
Vietnam is ripe for investment and this Australian bank is a safe way to enter, says Cramer.
Companies that make dirty things clean are tremendously undervalued. Case in point: ADA-ES.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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