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What would a win by Obama or McCain in tomorrow's election mean for your portfolio?
Jim Cramer had the answers on his "Mad Money" TV show Monday when he told viewers which stocks he thinks would stand to gain.
Cramer said an Obama win would be good for the renewable energy industry, with $150 billion pledged by the candidate over the next 10 years.
He said solar maker
would be his first choice, along with
on the hopes of higher natural gas adoption.
Cramer said he'd stay away from the coal stocks under Obama and look into fertilizer plays like
He also gave the nod to biotechs
, both of which he also owns for his
Action Alerts PLUS portfolio.
Finally, Cramer likes health care under Obama, including
, and even the banking and housing stocks as well.
Cramer said offshore drilling would be the obvious choice if McCain wins. He likes the prospects of both
Cramer said he's also look towards other drillers like
Defense contractors would also benefit under McCain, and that's why Cramer said he would consider
Cramer identified three stocks, which he said would do well under either a Republican or Democratic President: unmanned arial vehicle maker
, construction and engineering giant
Cramer: A Vicious Retail Down Cycle
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Long on Deere
In a market dominated by short-term traders,
Deere & Co
, a stock which he owns for his charitable trust
Action Alerts PLUS, could be a long-term investment if Obama takes the White House, Cramer said.
Deere's President and CEO Robert Lane said his company's has unprecedented opportunities to feed the world. He said that global inventories for grains are low around the globe, despite record harvests in some areas.
He said the health of the American farmer, and indeed farmers around the world, has never been better with great harvests, low debt, and the opportunity to upgrade to smarter and more efficient equipment.
Lane also noted that Deere has been successful in selling its commercial paper in the credit markets, and continues to offer great financing options for many of its customers. He called the company a stable ship in unsteady waters.
Asked about the effects of short-term commodity price manipulation, Lane sees a solid, long-term trend. He said he looks forward to the second generation of biofuels and continued increases in productivity to help drive the industry and Deere forward.
Cramer called Deere a terrific opportunity and told viewers to stick with it.
The Ethanol President
Continuing the agricultural theme, Cramer recommended fertilizer company
as another in his series of high-yielding dividend stocks. Terra is down almost 50% from its highs and currently yields a staggering 12.75%.
Cramer said Terra would still be a buy even if its monster dividend gets cut.
Cramer said Terra is the obvious choice for fertilizer stocks because it's the most levered to corn, the primary ingredient in a ramped-up Obama ethanol program.
Corn requires three times as much fertilizer than wheat, and with its exclusive fertilizers and application systems, Terra can deliver its products at a rate of 1500 acres a day, compares to the paltry 200 acres a day for its competitors.
Since Terra is organized as a master limited partnership, it's required to pay out all of its profits in the form of a dividend to its shareholders. Given this fact, the company has exceeded its minimum payout targets for seven of its last 7 quarters.
On the negative side, Cramer said the fact that
owns 75% of Terra Nitrogen's shares is a concern, but given the company's past history and future outlook, he'd still be a buyer of the company.
Cramer told viewers that they need to wait for a pullback before jumping into
, which was up a quick 10 points today in after-hours trading.
Cramer was bullish on
Research In Motion
He was bearish on
Breitburn Energy Partners
Delta Air Lines
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At the time of publication, Cramer was long Deere, Celgene and Gilead Sciences.
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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