This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cramer's 'Mad Money' Recap: Split Market (Final)

Stocks in this article: GSMCHSCNXBTUWLTAYIRVBD

Energy Renaissance

In a special interview, Cramer spoke with Senator John Hoeven, R-N.D. about his state's rise to the fourth largest oil producing state in the country and one that's doubled its natural gas output since 2006.

Hoeven said North Dakota developed a comprehensive energy plan 10 years ago that emphasized the development of all the state's natural resources, both traditional and renewable.

He said the fruits of that plan can now be seen, with North Dakota not only producing a lot more oil and gas, but also its ability to generate power for nine states as well as it being one of the largest wind power states.

As a result of his state's energy renaissance, Hoeven said North Dakota is open for business and looking for workers. He said the state's biggest challenge is building the infrastructure needed to handle the influx of development. Hoeven pointed to North Dakota's public private partnerships as creating tremendous opportunities for businesses of all types.

When asked about the environmental impact from more drilling as concerns over waste water continue to permeate the media, Hoeven said that in North Dakota waste water is pumped right back into the well where it came from in an environmentally friendly way. He said the technology exists to drill responsibly.

Cramer called his interview with Hoeven uplifting, saying that there may be hope for American energy independence after all.

Fast Growing Markets

In the "Executive Decision" segment, Cramer spoke with Jeff Bradley, CEO of Globe Specialty Metals (GSM), a company that's the No. 1 producer of silicone in America and No. 2 in the Western world. Globe Specialty Metals just delivered a two-cent-a-share earnings beat and shares have tripled since Cramer first got behind the company.

Bradley said that Globe sells into a number of fast growing markets, including the solar, aluminum and silicone industries. He said with new plants taking five to six years to bring online, the current market is simply supply and demand leading to higher prices and profits for Globe.

Bradley explained that the product Globe produces is used to add strength and cast-ability to aluminum, and is the raw material other companies use to make pure silicone for solar panels and semiconductors. It's also an ingredient in the production of steel.

Bradley went on further to highlight his company's newest plant in Iceland, a land rich with abundant, low-cost energy, which is one of Globe's main input costs. He said the new plant will be a lowest cost producing plant in Europe, and will supply both that continent and Asia.

Finally, when asked about Globe's American operations, Bradley stated without hesitation that America is a great place to operate, and his company is proud to employ some 900 workers with high paying union jobs.

Cramer continued his recommendation of Globe Specialty Metals.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs