JJC:    If I hear another word about Grand Theft Auto, and how great its sales might be... hey, I'm going to hurl... that's right... puke! That's how sick I am about "old tech" stocks... and why, tonight... I'm devoting the whole show to the new technology companies that I'm trying to get you interested in!... The ones that actually make things... the ones that are innovative, the ones that are useful... the ones that are wanted!... as opposed to the "old tech" stocks... What do they do? They make gizmos for wealthy workaholics... felonious games to teach teenagers the real deal...

I've got three... three "new tech" stocks tonight...

...the innovative, American industrial manufacturers that create tangible things... things that you know, but don't know who makes them... the heavy duty products that fuel the strong global economy...

Let's start with the best...

You now have a chance to buy one of my absolute favorite industrials... one of the quintessential "new tech" stocks that you don't know, that you must know, and will know... And that stock is...

Emerson Electric (EMR)!...

EMR is at a discount to where it should be... Buy, buy, buy!... I've been recommending this stock since 1984, when I was an Associate at Goldman Sachs... and I owned it for much of the time that I managed money in a professional fashion.

Why? Because it's a pure industrial growth stock... That's not an oxymoron. You can have an industrial company that grows... It's an industrial growth stock that's made money in good times and in bad. You don't know how unusual this is... Usually, these companies, they lose money in this environment... they make money when things are great... not these guys. They don't care.

It's made so much money because, unlike "old tech," - my name for Silicon Valley - it's kept innovative in helping other companies make more money...

It's making precision machines better than just about anyone else, for here, and for the rest of the world. We have no equal, when it comes to EMR...

Now, these guys just reported a fabulous quarter on Tuesday... Everybody yawns... the stock goes to $56, and people say, who cares?... I care! You need to care!

Even with its gains today, it's a swindle, it's a complete steal! It's a buy, buy, buy! Do I wish I had told you to buy EMR on Friday, before the rally? Of course I did! But, even after today's move, I'm still liking it. I think the stock deserves to be at $60 - and $60 pronto - not at $56 and change... I find that price an insult to EMR, and to those that own it... The fact that it's hanging at this discounted price?... A gift!

I can't think of a better representative of "new tech" than EMR...

Now, I did recommend this stock last August 24th... The stock was at $47 bucks then. Since then, we're up 19%. That's a lot better than the market... I think the stock can go a lot higher, because it builds the things the rest of the world, and America too, need in order to make a better job... in order to make everything work...

For example, 25% of EMR's sales come from something... it's called process controls... a business that, in plain English, makes the systems that manufacturers need to optimize quality and efficiency of their businesses, of their processes...

18% from industrial automation... think robots... EMR makes the nuts and bolts of the manufacturing process... be it motors, belt drives... to transmit power... alternators... or valves to control the flow of fluids... EMR is there.

Automation... practically the definition of becoming more efficient... you can see how this fits right into my "new tech" theme... making things better that aren't just video games!...

EMR also has a network power business... 22% of sales... and uninterruptible power systems for telco networks. How about cooling products for computers and telco equipment? It makes it work... power systems to transfer loads... All these products are focused on keeping networks running, no matter what... It's a small part of the business, but it's important. The company's got a nice and simple appliance and tools business... 19% of sales... It makes motors... that's the original business... This is what I used to think of EMR, as a motor business... Controls, that are used in tools and appliances... along with pipeworking tools and shells...

It's a conglomerate...

Finally, EMR's smallest business is climate controls... red hot... compressors, monitoring equipment, furnace ignition systems... to make heat and air-conditioning systems run better... Think Parker Hannifin (PH)... Think Eaton Corp. (ETN)... think these guys, okay...

This is what Intel (INTC) and Microsoft (MSFT) used to do, okay... This is what Oracle (ORCL) used to do... This is like that...

Last week, when EMR reported a beat (in its earnings) by 4 cents, and raised 2008 guidance, from $2.90 to $3 bucks, and then ranged from $3 to $3.10, I said, slow down? What slow down?...

They told us that orders in March increased 10-15%, up from 10% in January and February... Here's a company that's actually doing better as the month goes on... not like a bank, where March fell... Remember all the banks, where March fell off a cliff? Not these guys...

Process management orders, up more than 20%. Industrial automation and network power orders were each up 15-20%. These three are the most "new tech" of EMR's divisions... And, while the whole company seems to be firing on all cylinders, the "new tech" parts are just on fire here.

EMR's selling its European appliance and motor pump business. That'll take out some of that cyclical... that's the old stuff, okay... the less new technology component of the company...

In 2007, EMR got 52% of its sales outside of the U.S... You know we only recommend ROW-ers here, when it comes to industrial... Last quarter, international sales grew by 10%... only 1% for the U.S.... so we know how right that is. We know where this company's growth has been coming from, and it ain't here... Emerging markets... 30% of EMR's sales, compared to 18% in 2002...

Here's a company that's been moving in the right direction for years, and it hasn't stopped...

Here's another reason to like EMR...

Management expects $2.4 billion in free cash flow this year. Most of that should be going to buybacks and dividends... 2.2% yield... that's not shabby. This company has raised the dividend for 51 straight years. This is like a Procter & Gamble (PG) or a Parker Hannifin (PH)...

The company announced a new 80 million share buyback plan... with a total purchase authorization of 86 million shares, 11% of the shares outstanding. Hey, come on... big buyback... they think it's cheap.

Okay, get this... Right now, EMR's trading at 16x 2009 earnings... with a 15% long-term growth rate. Come on... you know it's got to sell at at least a point and a half better than that... For the life of me, I cannot understand why a company, with this kind of consistency, in a tough environment, sells so cheaply... I can only imagine how much money they'll make in better times... and there will be better times... believe me.

I feel it's my job as the host of Mad Money, to point you toward the EMRs of the world... even if I've done it before for some of you... because you need to know how great our manufacturing companies are in this country... And, in my opinion, EMR has been a top-five best manufacturer in the world for decades. It just doesn't get its due because, while EMR has been great at generating money, it's not great at publicity mongering... kind of the opposite of the "old tech" companies, right? They do a lot of promotion all the time... Grand Theft Auto 4... wow, that's real great... Grand Theft Auto 4... it's integral to the famine issue, right? Doesn't it really solve the energy complex problems?...

EMR is actually working on this stuff. Why trade in fads, when you can invest in longstanding, dividend-generating greatness?

Here's the bottom line...