Cramer's 'Mad Money Recap': The Next President's Green Thumb
Click here for an archive of Cramer's "Mad Money" recaps.
"Everyone knows that a Democratic president would be good for just about everything green," Jim Cramer told viewers of his "Mad Money" TV show.
He said Hillary Rodham Clinton and Barack Obama are remarkably bullish on green initiatives. Both pledge to invest $150 billion in clean energy over the next 10 years. Both have proposals to reduce carbon emissions and promote renewable energy, and each has pledged to support producing 60 billion gallons of biofuels by 2030.
Cramer: More Tech Names I Like |
var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1517967614; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8); |
According to Cramer, there are obvious choices for companies that will be in favor under either administration. They include both
First Solar
(FSLR) - Get Report
and
Comverge Energy
(COMV)
.
But Cramer predicts the biggest winners under a Democratic president will be the agriculture stocks. With the country's increased interest in ethanol, he predicts huge windfalls for agriculture companies. He reminded viewers that while there is no solar lobby or green building lobby in Washington, the agriculture lobby will remain influential no matter who's in the White House.
Cramer reiterated his buys on
Potash
(POT)
,
Agrium
(AGU)
,
Mosaic
(MOS) - Get Report
,
John Deere
(DE) - Get Report
,
DuPont
(DD) - Get Report
and
Archer Daniels Midland
(ADM) - Get Report
.
Cramer said he's been waiting for a pullback in these stocks to begin buying more and he believes the market conditions are now right to get in. "Start getting into these stocks tomorrow," he told investors.
A Boost for Nuclear Power
If Republican candidate John McCain gets elected president, Cramer says the nuclear power industry will see the biggest boost. "McCain has never flip-flopped on his support for nuclear," he said.
He said
Shaw Group
(SGR)
will be the company with the most to gain from a McCain administration.
While Cramer admitted that Wall Street was disappointed with Shaw Group's latest quarterly results, he called the negativity towards the company "short-sighted." Shaw Group is one of only a handful of companies that does both engineering and construction work on nuclear power plants, he reminded viewers.
Cramer also recommended
NRG Energy
(NRG) - Get Report
as another McCain play. "NRG is the only electric utility that's totally committed to nuclear power," he said.
Finally, Cramer reiterated a buy on Comverge Energy, which, he said, should perform well under any president, Democrat or Republican.
The Auto-Recycling Boom
Cramer once again welcomed Willis Johnson, chairman and CEO of auto part recycler
Copart
(CPRT) - Get Report
to the show to discuss his company's outlook.
Johnson said that the auto recycling business is booming. Not only do cars today have many recyclable parts, he said, but there is also a growing market for shipping slightly damaged autos overseas where they can be repaired more inexpensively.
Johnson also explained that Copart's disappointing quarter was due largely to costs associated with the company's recent acquisition in the U.K. and that those costs are now behind them. Cramer said he still feels Copart is in bull-market mode and suggested investors "stick with them."
Sudden Death
Cramer was bullish on
CIGNA
(CI) - Get Report
and
J Crew
(JCG)
.
He was bearish on
Delta Air Lines
(DAL) - Get Report
and
Target
(TGT) - Get Report
.
In a final note, Cramer told investors that
Apple
(AAPL) - Get Report
is still going higher over the next 12 months. "Stick with it," he said.
Am I Diversified?
Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included
Biogen Idec
(BIIB) - Get Report
,
Foster Wheeler
(FWLT)
,
Freeport McMoran
(FCX) - Get Report
,
Hudson City Bancorp
(HCBK)
and
ValuClick
(VCLK)
.
Cramer called this portfolio "perfection."
The second caller's top holding included
Raytheon
(RTN) - Get Report
,
Pepsi
(PEP) - Get Report
,
Consolidated Edison
(ED) - Get Report
,
Conoco Philips
(COP) - Get Report
and
Philip Morris
(PM) - Get Report
.
Cramer said this portfolio was also great.
The third caller's portfolio had
AT&T
(T) - Get Report
,
Diana Shipping
(DSX) - Get Report
,
DuPont
(DD) - Get Report
,
JP Morgan
(JPM) - Get Report
and
Ford
(F) - Get Report
preferred shares as his top holdings.
"That is what I call diversification," said Cramer.
Lightning Round
Cramer was bullish on
JPMorgan Chase
(JPM) - Get Report
,
Hudson City Bancorp
(HCBK)
,
Goldman Sachs
(GS) - Get Report
,
Sempra Energy
(SRE) - Get Report
,
Temple-Inland
(TIN)
,
Molson Coors
(TAP) - Get Report
,
Philip Morris International
(PM) - Get Report
,
Altria
(MO) - Get Report
,
CSX Corp
(CSX) - Get Report
and
First Charter
(MCF) - Get Report
.
Cramer was bearish on
State Street
(STT) - Get Report
,
Rambus
(RMBS) - Get Report
,
Penn National Gaming
(PENN) - Get Report
,
Anheuser-Busch
(BUD) - Get Report
,
Zoltek
(ZOLT)
,
First Charter
(FCTR) - Get Report
and
Trinity Industries
(TRN) - Get Report
.
Want more Cramer? Check out Jim's rules and commandments for investing by
.
For more of Cramer's insights during the Lightning Round, click here
.
At the time of publication, Cramer was long Goldman Sachs, Foster Wheeler, Freeport McMoRan, Raytheon, Conoco Phillips, Altria and Phillip Morris.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.