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Wednesday, 04/23/08
Posted 04/24/08, 08:43
am ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 04/23/08 |
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Dow Jones: |
12,763 |
+ 43 |
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NASDAQ: |
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2,405 |
+ 28 |
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S&P 500: |
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1,379 |
+ 4 |
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Opening Segment 1
Title: |
'Us and Dem'
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Featured Stock(s): |
First Solar, Inc. (FSLR)
Comverge, Inc. (COMV)
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: If
we've learned one thing
over the last year, it's
that green - meaning
environmentally-friendly,
granola-chewing, hippie,
communista green - clean
green equals the other
kind of green, as in U.S.
dollars.
When we say green, we're
talking about green
generally, to refer to
companies that are, in
some way, helping the
environment... or, in some
way, otherwise benefiting
from the movement...
Now, we've got an
opportunity for Green Week
this year that we didn't
have in 2007... and that's
how to play the
presidential election.
Tonight, I'm going to tell
you which
environmentally-friendly
stock should work... if a
democrat wins the
presidential election.
After the democrats, I'm
going to give you all of
the green stocks that ought to work under
a McCain administration...
We're starting, though,
with the democrats... and
I think the safest way to
play this is to take the
stocks that work either
under Hillary or Obama...
and the ones that are
favored by both of their
green initiatives...
There's a lot of overlap
here...
Both candidates, for
example, want to spend
$150 billion over the next
10 years on clean
energy... They both have
plans to reduce carbon
emissions, improve the
efficiency of the electric
grid, promote renewable
fuels, and so on...
The questions that we care
about is, which companies
will profit from his
initiatives or her
initiatives...
Some of this is easy...
I have no doubt that they
are both going to
subsidize solar...
When you talk about
subsidized solar, it's
First Solar, Inc. (FSLR),
the one solar stock that
hasn't needed subsidies...
although they certainly
don't hurt. Buy,
buy, buy! A
dem in the White House
should be huge for FSLR,
because the current
president has had not one
wit of interest for
FSLR... and, believe me,
it has been the talk of
the Silicon Valley that
this company has been
snubbed by the President,
but not by the Governor.
I bet FSLR gets called in
quickly by either Obama or
Hillary... in the same way
that the Germans embraced
FSLR... the country that
got the whole thin film
solar move started.
For reducing energy
consumption, we're
favoring Comverge, Inc.
(COMV).
Do some homework.
This makes the technology
that lets utilities know
where to lower the power
output during peak hours.
This is the play I like
for both candidates.
I think you want to be in
FSLR, by the way, before
Hillary or Obama takes the
White House, because
that's going to be one of
the first calls they make
is to the company...
All right, now let's take
a cynical approach here...
Obama and Clinton may have
many green initiatives,
but they all have to pass
congress... and that
means, as far as Cramer is
concerned, that the
companies with the most
clout in congress... the
most legislature
mindshare, so to speak,
will benefit the most from
any green bill...
So who are they?...
All right... I know...
This is still one more
great reason... It's
the
ag complex...
If Clinton or Obama win in
November, this
already-twice-blessed
group... Remember,
we already have a global
famine and our idiot
embrace of ethanol...
I think it will become
thrice blessed...
Many of these companies
already have their hands
in the congressional
pocketbook... and, if you
look what Clinton and
Obama are proposing, I
expect that they're just
going to get even more
federal assistance...
Is it unbelievable that
the farmers will get even
more under her or him?
It will happen.
You've got to trust me on
this...
Within ag, I think that
Potash (POT),
Agrium (AGU),
Mosaic (MOS),
Deere (DE),
Monsanto (MON)
and
DuPont (DD)
could be the plays...
. . . .
.
The Bottom Line!:
You know a democratic
presidential win is good
for pretty much everything
green, except nuclear...
But the question is, who
gets the most from the
federal trough if Clinton
or Obama wins? And there,
I think the answer is
really, quite frankly, the
agricultural complex
which, thank heavens, is
down today, so you can
start doing some buying...
[See Jim's 2nd Opening
Segment stock picks
below... ]
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
|
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FSLR |
286.03 |
na |
First Solar, Inc. (FSLR)
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COMV |
13.27 |
na |
Comverge, Inc. (COMV)
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POT |
204.12 |
na |
Potash (POT)
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AGU |
86.78 |
na |
Agrium (AGU)
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MOS |
133.27 |
na |
Mosaic (MOS)
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DE |
90.50 |
na |
Deere (DE)
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MON |
122.58 |
na |
Monsanto (MON)
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DD |
49.98 |
na |
DuPont (DD)
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Mutual-Fund-Holdings.com
NEW RESOURCE!
See Ken Heebner's CGM
Focus Fund
Top 25 holdings - The No.
3 Top-Performing Mutual
Fund in 2007
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Final Segment 1
Title: |
'Green Old Party' |
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. . . .
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Featured Stock(s): |
Shaw Group Inc. (SGR)
NRG Energy, Inc.
(NRG)
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC:
Tonight, I'm keeping up
the Green Week theme, and
combining it with the race
for the presidency... I've
already given you the
stocks that I think would
do best under Obama or
Clinton... and now, I've
got the green stock that I
believe will do the best
under McCain.
Unlike Clinton and Obama,
who have reams and reams
of policy papers about
clean energy and global
warming, and so on...
McCain hasn't been all
that detailed about his
environmental policies...
McCain has one (website)
page, highlighting his
commitment to the
environment, reaffirming
his support for nuclear
energy. This guy's no
flip-flopper when it comes
to nukes... and it also
talks about reducing our
dependence on foreign oil,
because of nukes...
I would bet that McCain
likes nuclear power so
much, and has been so
deeply committed to it for
a generation, that I think
that he would have skipped
the Springsteen no-nukes
tour from the mid-70s...
No boss... his loss...
The biggest difference
between McCain, and the
democrats is nukes.
He's in favor of building
more nuclear power plants,
and has also talked about
storing nuclear fuel... a
hot button...
We've talked a lot before
on this show about the
nuclear renaissance that's
happening all over the
world. It has started to
happen in this country,
but it hasn't really
caught on.
Our favorite play here is
Shaw Group Inc. (SGR),
for building and
maintaining nuclear power
plants... This stock will
go up, if McCain wins on
election day...
This one was part of our
Green Week portfolio last
year... Although the
Street didn't like SGR's
most recent quarter, we
think they're too short
sighted... We're talking
long-term here, though I
definitely like SGR as a
nuclear play, especially
if McCain wins, as he is
so favorable to the
industry, that I think it
will be one of those
things that it will just
like say, on the national
news, that SGR is the big
winner...
Now here's another one
that people don't talk
about...
I only know it, because
David Crane, who's the
CEO, went to law school
with me... You could
speculate on
NRG Energy, Inc. (NRG).
This is the only utility
that is completely and
utterly committed to
building more nukes...
But, right now, the
government talks the talk
of nukes, but isn't
walking the walk of
nukes... That means that
NRG is slogging through
the bureaucracy, and Bush
is not pushing it all. I
bet you McCain will get
behind an NRG nuclear
power plant, and shove it
right through...
NRG knows how to build
nukes. It should be a huge
winner under McCain...
He's talked about the same
smart grid technology as
Clinton and Obama which,
again, makes Comverge,
Inc. (COMV)
a likely winner for either
one... so COMV is one you
can play. COMV, again,
provides energy management
equipment that, among
other things, varies air
conditioners to save
energy capacities during
peak load times... They've
got 500 utility clients in
the U.S. and 4.5 million
of their smart grid
devices installed. It's a
bipartisan green play...
. . . .
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The Bottom Line!:
If you want a serious
green play on a McCain
victory, my stock is
Shaw Group Inc. (SGR),
because McCain favors
nukes, and democrats
generally don't. And I
want you to think about
NRG Energy, Inc. (NRG)
too. Of course, if you
want to be really serious,
I think a McCain win will
clearly be a big win for
big oil. And even the most
committed sophists couldn't
make the case for that
being green.
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
■ |
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|
Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
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