Cramer's 'Mad Money Recap': Emerson's New Tech Look

Riding on Wind Power

Cramer proclaimed that 2009 will be the year of wind power and recommended Owens Corning (OC Quote) as his favorite wind power stock.

Cramer said that Owens Corning, often thought of as just a supplier of insulation, is transforming itself into a great global manufacturer of alternative energy components. The company now has a glass-fiber composites business that accounts for 33% of its sales.

Cramer said the glass composites business combines glass fibers with other materials to make incredibly strong and flexible substances for wind turbines, among other applications.

According to a recent Department of Energy report, up to 20% of the U.S. energy supply could be generated by wind power by 2030. This shift would constitute a $43 billion investment in wind power.

Cramer noted one potential pitfall with Owens Corning is that 40% of its sales are still tied to the US housing market, but he feels that the bad news from this segment has already been priced into the stock.

He said that Owens is no longer tied to this industry and is instead transforming itself into a non-cyclical company. "This stock is a winner," he said, "even if U.S. housing stays in the dumps."

Mad Mail

In this segment, Cramer told a viewer that he'd rather own a Harley Davidson (HOG Quote) motorcycle, than the company's stock.

He told a second viewer that he still likes Allegan (AGN Quote).

In the shipping industry, Cramer said he still likes Frontline (FRO Quote) and Nordic American (NAT Quote).