If the California Public Utilities Commission votes for a $2.8 billion solar power energy program, the solar stocks should jump, Jim Cramer told "Mad Money" TV viewers Monday. That's because the CPUC sets the country's alternative energy policy, he said. And the best way to play these stocks is to get in early because the sector is growing at 50% a year. He said that one of the best "stealth solar power" plays is ATS Automation, a Canadian industrial automation company whose second business is solar power. Its ADR trades on pink sheets, so he said that he would be willing to buy it in Canada because it's a substantial company with a big upside in its solar power division. ATS has 25 facilities worldwide and 4,000 employees. Cramer reminded viewers that he identified SunPower ( SPWR - Get Report), Evergreen Solar ( ESLR) and Suntech Power ( STP) as solar power plays before anyone else in the market and that if you bought early then you made some mad money. He also told a caller who bought Energy Conversion Devices ( ENER) at $36 not to let the stock go just because it's trading near $45. Instead, Cramer said he would take a little off the table.
Damage ControlCramer said that in the wake of the Sago mine tragedy in West Virginia, the government will have to start spending money to improve its mining safety record. A recent Knight Ridder investigation reported that mine safety enforcement investigation has eased since 2001, that major fines for coal companies have dropped 10% over that same period and that mine violations increased 18% in 2005. The article's takeaway, Cramer said, is that the Bush administration is to blame. And once the administration starts to feel the heat, it'll go to Mine Safely Appliances ( MSA - Get Report) and buy way more stuff than it needs in a drastic effort at damage control. The stock has yet to go up, but it will soon, Cramer predicted. He added that the Sago disaster will not ultimately hurt coal stocks, and said that he likes Peabody Energy ( BTU - Get Report).
Coronation StreetFor his stock picks of the week, Cramer decided to behead some old tech royalty and anoint the new. You can have a tech rally without Intel ( INTC), Microsoft ( MSFT) and Cisco ( CSCO), he said, because PC and network companies are not where the action is. The new tech royalty and Cramer's stock picks of the week are Broadcom ( BRCM) and Marvell Technology Group ( MRVL). Cramer said that along with Qualcomm ( QCOM) at the high end and Conexant Systems ( CNXT) at the low end, these stocks will be hits because of Wi-Fi technology. Cramer said that when all the gadgets you have go wireless -- and they will -- these are the stocks to be in. Broadcom dominates short-range, wireless technology and is the biggest name in Bluetooth technology. Moreover, Nokia ( NOK) expects sales of Bluetooth-enabled phones to skyrocket. Cramer also said that Marvell is worth the premium because it makes Wi-Fi chips for PlayStation Portables, cell phones, hard drives, DVRs and notebook computers.
Mad MailCramer wrapped up the show with some viewer mail. A viewer said that he was thinking about staying away from Wendy's initial public offering of its Tim Hortons doughnut chain because it is being offered in installments. Cramer agreed, saying he'd hold off on that IPO too. He told another viewer he would ring the register on ATI Technologies ( ATYT) and revisit the stock later. Another viewer said that her Canadian Natural Resources ( CNQ) stock had jumped and that she was thinking about getting into a copper play. Cramer recommended ringing the register on Canadian Natural Resources and picking up some Southern Copper ( PCU).
BullishCramer was bullish on: McGraw-Hill ( MHP), Walgreen ( WAG), IntercontinentalExchange ( ICE), Urban Outfitters ( URBN), Accenture ( ACN), AES ( AES), Pioneer Drilling ( PDC), Nabors ( NBR), Schlumberger ( SLB), Shanda Interactive Entertainment ( SNDA), Amgen ( AMGN), Nektar Therapeutics ( NKTR), Bank of America ( BAC), Citigroup ( C), Accredited Home Lenders ( LEND), Conexant Systems ( CNXT), Whole Foods ( WFMI), Lufkin Industries ( LUFK)and Tetra Technologies ( TTI).
BearishCramer was bearish on: Endesa SA ( ELE), Genentech ( DNA), 3M ( MMM), New Century Financial ( NEW), Hain Celestial ( HAIN), Cintas ( CTAS), Dress Barn ( DBRN), Petro-Canada ( PCZ), Suncor ( SU), SFBC International ( SFCC), True Religion Apparel ( TRLG)and World Wrestling Entertainment ( WWE). For more of Cramer's insights during the Lightning Round,