Cramer's 'Mad Money' Recap: Panicking Brokers
McKim said Clean Harbors currently has over 700 people working to help clean up after Hurricane Sandy. He said his company is providing logistics support for fuel and generators as well as actual cleanup services for governments, corporations and private individuals.
McKim also noted Clean Harbors maintains a standby response group for disasters just like Sandy or the Macondo oil spill in the Gulf of Mexico. He said that group is constantly providing training for disasters and is always at the ready when needed. Clean Harbors has a unique advantage because it has people and systems specifically for disaster cleanup work.
Another area contributing to earnings for Clean Harbors continues to be oil and gas refineries. McKim said his company works with 145 refineries in the U.S. and refiners continue to be a strong market for the company as big investments are being made in the space. He said that all 11 of Clean Harbors' landfills have been busy processing waste products from the oil and gas boom.
When asked whether the election results will hurt his company, McKim said he's hoping for unified federal guidelines on hydraulic fracturing from President Obama so the oil and gas industries can standardize and move even faster with their growth.Cramer said that Clean Harbors remains a company with experience and opportunity for investors.
Pickings From the RubbleWay too many people thought Mitt Romney was going to win, Cramer told viewers, and those investors are now leaving the building. But are there any stocks worth buying amongst the Romney rubble? Cramer said there are. Cramer said he's not a fan of the coal stocks, which had run big hoping for a Romney victory. He said this group has no earnings and no safety net. Cramer would only recommend railroad Union Pacific (UNP) if investors feel export coal to China may be on the mend. Cramer said he's also not a fan of the defense stocks, nor those that would have benefited from getting tougher on Chinese imports, such as chemicals, tires and steel. He was also not a fan of the retail names, like Costco (COST) or Wal-Mart (WMT) as these stocks have run big and are facing lower disposable consumer income going forward.
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