Green Presidential Picks - Cramer's Mad Money (4/23/08)

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Wednesday April 23. Click on a stock ticker for more analysis.

Comverge (NASDAQ:COMV), First Solar (NASDAQ:FSLR), Potash (NYSE:POT), John Deere (NYSE:DE), Mosaic (NYSE:MOS), DuPont (NYSE:DD), Archer Daniels Midland (NYSE:AMD)

It is a no-brainer that a Democratic President will be good for green stocks, said Cramer continuing his series on environmentally friendly picks. Both Clinton and Obama have pledged huge investments to develop alternative energy and reduce carbon emissions. Cramer says two good ways to play a possible Democratic victory are FSLR and COMV. However, agriculture stocks such as POT, DE, MOS, DD and AMD will see the biggest gain from a Democrat in the Oval Office, because of the powerful farming lobby which will encourage further production of ethanol. Cramer says now is the time to buy these stocks.

Shaw Group (SGP), NRG Energy (NYSE:NRG)

If Republican John McCain becomes Chief Executive, nuclear power stocks should see a boost, because he has always been consistent in his support of this alternative fuel, said Cramer. Although The Street was unhappy with its quarter, Cramer called this view "short-sighted" and sees great potential in the company since it both engineers and constructs nuclear power plants. Cramer added NRG to his list because "NRG is the only electric utility that's totally committed to nuclear power," he said. He identified Comverge a "bipartisan green winner" as the stock which will perform well no matter who is in the White House. However, Cramer warned a McCain victory might be better for oil than for green stocks.

CEO Interview: Willis Johnson Copart (NASDAQ:CPRT)

Willis Johnson said his business, which recycles auto parts and auctions them on the internet, it a green play because it finds efficient ways to reuse old cars. The company reaches a large market through the internet, and demand for auto parts especially from overseas is growing, and the stock has already climbed 12% since October. Johnson said the lackluster past quarter was merely a "hiccup" because Copart was in a transition phase thanks to its European expansion. Cramer thinks auto parts are going to become a hot item, and says CPRT is a buy.

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