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NEW YORK ( TheStreet) -- After last night's presidential debate, the markets were abuzz with ideas of how to profit from an Obama or Romney win. That's why Jim Cramer offered his take on the event for his "Mad Money" viewers Thursday to help separate the facts from the fiction. Cramer said while Mitt Romney supports North American energy independence, that's not a sign to buy the coal stocks. Coal's fate rests with Chinese demand, not U.S. demand. He said the real beneficiaries would be utilities American Electric Power ( AEP) and Southern Company ( SO), which would likely spend less to update their coal-fired power plants under Romney. Cramer also gave the nod to buy Union Pacific ( UNP), which is levered to cleaner coal. In the aerospace and defense sector, Cramer said General Dynamic ( GD) would prosper under Romney, but its corporate jet division, Gulfstream, suffer under President Obama. The opposite is try for automaker Tesla ( TSLA), which would be no friend of Romney. In the oil patch, Cramer said that Schlumberger ( SLB) and National Oilwell Varco ( NOV) would benefit from a Romney win, as would regional banks like Huntington Bancshares ( HBAN), US Bancorp ( USB) and KeyCorp ( KEY), a stock Cramer owns for his charitable trust,
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Al Monaco, the new president and CEO of Enbridge ( ENB), one of the largest oil and liquids pipeline operators in the country. Shares of Enbridge are up 30% since Cramer last checked in with the company a year ago. Cramer started off by asking Monaco about Mitt Romney's claims that investing in energy independence could create four million jobs. Monaco said that target is absolutely possible because there simply isn't enough connectivity between where the oil and gas in America is and where it needs to go.
When asked whether the political and environmental worlds would support that growth, Monaco noted that people today just want projects done right, and Enbridge is willing to work with the government, no matter who is president, to get the job done. Turning to his company's growth target of 12% a year, Monaco said Enbridge currently has $18 billion worth of secured projects ready to go which would account for growth of 10% a year. By adding on just a few of the company's other potential projects, Monaco said that Enbridge could definitely hit its 12% target. Circling back to hiring and jobs, Monaco said Enbridge has already hired 2,500 new employees this year and will need to hire tens of thousands more to complete all of the projects currently under development. Cramer called Enbridge's presentation at its analyst day "brilliant" and said he still likes the stock.
Siding With the BullsWhen analysts disagree, investors win. That's why Cramer endorsed buying shares of Alliant Tech ( ATK), a defense company that received both an upgrade and a downgrade from competing firms on Monday. Cramer noted analysts at Jeffries downgraded Alliant Tech from a buy to a hold, citing worries about the company's aerospace division ahead of the looming economic "fiscal cliff" that could take a chunk out of defense spending. The firm also cited the declining war in Afghanistan as a drag on the company's earnings. Meanwhile, analysts at Cowen noted that after winning a major federal contract for ammunition, Alliant Tech could outperform the market by 20% over the next six months. So who's right? Cramer said while he understands the bear case, he's siding with the bulls because most of the worries about Alliant Tech are already baked into the stock, which currently trades for only 7.6 times next year's earnings. Additionally, Cramer said that Alliant's stock buyback program, valued at $175 million or 10% of outstanding shares, would also be a boon for shareholders.
Lightning RoundHere's what Cramer had to say about callers' stocks during the "Lightning Round":
BP ( BP): "Take a pass. There are so many better oil plays. I like Statoil ( STO)." Boardwalk Partners ( BWP): "I think we're fine. I would buy more. It's best in show and I like it." Caterpillar ( CAT): "I need more data. It's too hard. I'm not confident to make a judgment." Sirius XM Radio ( SIRI): "I think that Liberty Media ( LMCA) could cap your upside. I like the company but I think you'll be capped." Chicago Bridge & Iron ( CBI): "I think this will be a strong quarter." Mellanox Technologies ( MLNX): "No. I've walked away from this one. We've moved on." Eaton ( ETN): "That stock is a buy, buy, buy." Taiwan Semiconductor ( TSM): "I would ring the register on the semiconductors."
Sell BlockIn the Thursday "Sell Block" segment, Cramer released Symantec ( SYMC) from the block, saying that after years of trading sideways, the company is now investable. Cramer explained that while Symantec operates in the red-hot cyber security and consulting sectors, the company has be unable to deliver anything in the way of growth. Symantec made over $3 billion in acquisitions, yet was able to eek out revenue gains, let alone profits. Making matters worse, Symantec management was complacent, ignoring calls from activist investors to shake things up. But then Symantec's board heeded the calls, ousting its CEO on July 25 and replacing him with Steve Bennett, formerly of Intuit ( INTU). That news alone was enough to send shares from $13 to $17 in just two weeks and to $19 within the first six weeks. Cramer said there are a lot of ways Bennett can cut costs and streamline Symantec's operations, and if his huge recent purchase of Symantec stock is any indication, that's exactly what Bennett plans to do. Additionally, Bennett now has the opportunity to diversify Symantec away from the ailing PC market and into mobile devices, as well as grow the company's enterprise businesses.
So with Bennett now in command, Cramer said Symantec has finally become safe for investors again. He suggested building a position ahead of the company's Oct. 24 earnings and buying even more on weakness after their release.