Jim Cramer's Stop Trading! Buy Green

11/09/07 - 03:35 PM EST

TSC Staff

Go green, Jim Cramer said Friday on CNBC's Stop Trading! segment.

"Shaw Group (SGR Quote - Cramer on SGR - Stock Picks) has just been unbelievable, First Solar (FSLR Quote - Cramer on FSLR - Stock Picks) has been amazing," he said. When oil goes to $100, every crummy technology works, Cramer explained.

"There is a trillion dollars worth of projects that the Shaw Group may be bidding for ... green is money." Cramer assured viewers that the money in green stocks goes beyond mere tree-hugging, calling environmental plays "money tree-hug."

Cramer said maker of silicon solar panel components MEMC (WFR Quote - Cramer on WFR - Stock Picks) was performing very well, noting, "We have not nearly enough silicon solar panels. ... These stocks are here to stay."

Enjoy a Squeeze This Weekend

Cramer also noted that financial stocks are experiencing a short squeeze.

Saying there was a short-covering rally before the bell, Cramer noted that the stocks were turning as he spoke. "You gotta ring the register and take your profits if you're a short-seller," he said. "Even dogs have their day."

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Premium Products
SGR was an Breakout Stocks pick on 2008-09-05

Premium Services