Cramer also recommended TransCanada ( TRP) and Enbridge ( ENB) as plays on the TransCanada pipeline, a project Romney supports, along with natural gas and oil shale players like EOG Resources ( EOG) and Continental Resources ( CLR). All of these companies will be in demand if Romney wins, according to Cramer.
Jumping on the BP Bandwagon
Oil giant BP ( BP) has come a long way since its Macondo oil spill in 2010, Cramer told viewers. The company was forced to pay over $50 billion in damages, which led to the shedding of nearly $35 billion in assets so far, he noted, assets that other companies have profited from handsomely. In the refining space, Cramer said Marathon Petroleum ( MPC) and Teroso ( TSO) picked up some of BP's refineries, leading to substantial profits for both companies. Meanwhile, master limited partnerships like Linn Energy ( LINE) were able to acquire $2.2 billion properties so far, boosting that company's bottom line, as was Plains All American ( PAA), which also purchased BP assets. In the exploration space, Cramer said Apache ( APA) has been the real winner, picking up BP prospects for a song, which led him to Plains Exploration ( PXP), the next drilling and exploration company to jump onto the BP bandwagon. Cramer said Plains has an eight-year plan to develop its new BP projects, something that should translate to shareholders' bottom line in the very near future.
In the Lightning Round, Cramer was bullish on Walgreens ( WAG), Matrix Service ( MTRX), Yamana Gold ( AUY), SPDR Gold Shares ( GLD) and Protein Design Labs ( PDLI). Cramer was bearish on Intel ( INTC), Align Technology ( ALGN), MGM Resorts ( MGM) and McDonald's ( MCD).
In the "Executive Decision" segment, Cramer sat down with Irwin Simon, chairman and CEO of Hain Celestial ( HAIN), the health food company that's up 216% since Cramer first recommended it in April 2010. Simon said while Hurricane Sandy was tragic for many, it has lead to strong demand for Hain products as people stocked up before the storm, ate lots of the company's food during the storm and, unfortunately, had to restock after many lost power in their homes. Hain continues to donate baby food and other items to those in need and is working hard to resupply stores as quickly as possible, he said.