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Cramer's 'Stop Trading!': Buy Owens Corning

06/10/08 - 03:00 PM EDT

TheStreet.com Staff

Take a look at Owens Corning (OC - Cramer's Take - Stockpickr) as an alternative energy play, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

Cramer said the company makes composites that go into wind mills. It also makes insulation, which can substantially cut energy use, he said.

Cramer also said he likes Discovery Holding (DISCA - Cramer's Take - Stockpickr). "This is a cable company that really has a lot of things going for it," he said. "Cable's a winner right now."

At the time of publication, Cramer was long Discovery Holding.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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