Jim Cramer's Stop Trading! Buy Green
Go green, Jim Cramer said Friday on CNBC's Stop Trading! segment.
"
Shaw Group
(SGR)
has just been unbelievable,
First Solar
(FSLR) - Get First Solar Inc. Report
has been amazing," he said. When oil goes to $100, every crummy technology works, Cramer explained.
TheStreet Recommends
"There is a trillion dollars worth of projects that the Shaw Group may be bidding for ... green is money." Cramer assured viewers that the money in green stocks goes beyond mere tree-hugging, calling environmental plays "money tree-hug."
Cramer said maker of silicon solar panel components
MEMC
(WFR)
was performing very well, noting, "We have not nearly enough silicon solar panels. ... These stocks are here to stay."
Enjoy a Squeeze This Weekend
Cramer also noted that financial stocks are experiencing a short squeeze.
Saying there was a short-covering rally before the bell, Cramer noted that the stocks were turning as he spoke. "You gotta ring the register and take your profits if you're a short-seller," he said. "Even dogs have their day."
