Six 'Cash for Caulkers' Stocks - TheStreet

NEW YORK (

TheStreet

) -- President Barack Obama on Tuesday called on Congress to enact a program to provide incentives to consumers that make energy efficiency improvements to their homes in a speech at the Brookings Institution. The idea, which earlier had been dubbed "

Cash for Caulkers

," is intended to aid the environment and create jobs, but it also would serve as a boon to companies that will meet consumer demand for energy efficiency products. Here are several to consider:

Home Depot

Home Depot

(HD) - Get Report

is the largest home improvement retailer in the U.S., with 2,233 retail stores as of February. It would benefit from homeowners and contractors looking to buy insulation, caulking and weatherization products. It's one of

Jim Cramer's

picks to benefit from the Cash for Caulkers program.

Lowes

Lowes

(LOW) - Get Report

is the second largest home improvement retailer, with 1,649 stores in the United States and Canada as of January. It would benefit from homeowners and contractors looking to buy insulation, caulking and weatherization products.

Owens Corning

Owens Corning

(OC) - Get Report

makes insulation, roofing, masonry and asphalt products. The stock is one of

Cramer's

Cash for Caulkers picks.

3M

3M

(MMM) - Get Report

makes window films that block heat from penetrating windows, helping to reduce air conditioning costs.

The Dow Chemical Co.

The Dow Chemical Co.

(DOW) - Get Report

makes building materials and other energy efficiency products that could benefit from Cash for Caulkers.

Cypress Semiconductor

Cypress Semiconductor's

(CY) - Get Report

Envirosystems division is developing wireless thermostats that can be monitored and remotely controlled, Cramer said. The stock is one of

Cramer's

less obvious Cash for Caulkers picks.

Watsco

Watsco

(WSO) - Get Report

is the largest independent distributor of heating, air conditioning and refrigeration products in the U.S. The stock is one of

Cramer's

less-obvious Cash for Caulkers picks.

--

Written by Michael Gannon in New York

.

Gannon joined TheStreet.com in March 2007, after spending more than six years as a reporter and editor for The Journal News in Westchester County, N.Y., most recently as an assistant metro editor. He earlier covered several political and government beats as a reporter, including the city of Yonkers. Earlier in his career, he covered venture capital, private equity and the IPO market for Thomson Financial's Venture Capital Journal and advertising for Sales-Fax, a small, independent trade weekly. He earned a B.A. in history from the College of the Holy Cross and an M.S. in journalism from Northwestern University�s Medill School.