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NEW YORK (
) -- "We may not like what coal does to lungs, but we do like what it does to our pocketbooks," Jim Cramer told the viewers of his
TV show Monday, as he added Tim Sullivan, CEO of mining equipment maker
( BUCY) to his "Wall of Fame" list of the best CEOs in America.
Bucyrus just received a $92 a share takeover bid from rival
, leaving the stock up 410% since Cramer initially recommended it on Dec. 9, 2008. "Not bad for a company that went bankrupt in 1994."
Cramer said Bucyrus has been in bull market mode since Sullivan took over the company. That's why Sullivan has been one of the most interviewed CEOs on "Mad Money" since the show began.
Cramer explained that mining equipment stocks have been on a tear thanks to the world's insatiable desire for more power. In emerging markets like China, he said, the country is plugging in new coal fired power plants every month in hopes of satisfying the appetite for power by its rising middle class. This trend is happening all over the globe, said Cramer, leaving Bucyrus a red hot commodity.
Mining is no longer a cyclical business; it's been in secular growth mode and will be for quite some time, he said. Sullivan is only the second CEO to be added to Cramer's Wall of Fame, right below Bob Simpson of the also recently acquired XTO Energy.
Picking Retail Stocks
"Don't believe the papers and dump everything retail," Cramer told viewers, "Christmas is not canceled this year."
Cramer explained that while retail stocks have been getting crushed on fears of higher cotton prices and rising labor costs in China, not all retailers are created equal and it's a stock picker's market.
Cramer told viewers to look for stocks that have the ability to raise prices, while keeping costs under control. He also said to look for strong exposure to China because yet again, emerging market trends are trumping domestic fears.
Among the stocks Cramer recommended were
Polo Ralph Lauren
Cramer said while other retailers, like
don't have enough China exposure, others like
are aggressively moving into China and making a difference on the bottom line. Cramer also noted that Coach mainly cares about leather prices, and not cotton.
Also on the list of favorable names entering the Chinese fold were
Efficient Energy Stocks
"It isn't easy being green," Cramer exclaimed as he kicked off another "Green Week" on CNBC. Cramer said whether it's wind or solar, ethanol or natural gas, our country just isn't ready yet to cut its dependence on dirty coal and oil.
Cramer said investing in so-called "green stocks" may be the right thing to do socially, but when it comes to making money, the sector has been very hit or miss. Except for only a handful of takeovers, Cramer said there just isn't a lot of money to be made in this group.
But there are opportunities out there, said Cramer, and they come not from wind or solar, but from companies that help manage power so we use less of it. He said whether that's climate control, electric motor technology or straight-up power management systems, if it uses less power, it's a winner.
( BEZ) remains his favorite in this group. He said that shares of Baldor, makers of some of the most efficient electric motors available, has doubled in value since he recommended it on July 8, 2009.
Baldor is the new face of green, said Cramer, noting that the company trades at just 17 times earnings with a 34% growth rate. Baldor last reported a seven-cent a share earnings beat at the end of October.
GM IPO Trade
In the "Know Your IPO" segment, Cramer opined on some of the many companies coming public this week.
Cramer said once again that investors able to get in on the General Motors IPO should do so, but for the rest of us, the way to play is with
Cramer also recommended BitAuto Holdings, a chinese auto Website set to trade under the ticker BITA. Cramer said the Chinese auto market is on fire, and this is one company poised to profit.
On Cramer's "Don't Buy" list were Caesars Entertainment, trading as CZR, LPL Investments, trading as LPL and Booz Allen Hamilton, trading as BAH. Cramer said that Caesars and LPL are private equity backed deals that are too expensive. In the case of LPL, no money is even going to the company. He said in the case of Booz Allen, a government accounting firm, the company is right in the crosshairs of government spending cuts and he'd steer clear.
Cramer was bullish on
Las Vegas Sands
He was bearish on
In his closing comments, Cramer said that there's simply no easy way to allocate shares of the upcoming General Motors IPO, but Treasury Secretary Tim Geithner deserves praise for how he's handling the deal.
Cramer said that with so many interested parties, including the government, shareholders, bond holders, unions, international interests and of course, our president, there is certainly going to be disappointment, but the goal is to offer fewer shares at a low price so investors make money.
Cramer said the resulting pop in the share price will be good for all parties involved, especially the government, which will be selling its stake over time at those higher prices. Cramer said that's exactly what happened with
, and the government has been rewarded handsomely.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was not long any stock mentioned.
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."
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