Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday May 28.
Trinity Industries (NYSE:TRN), Otter Tail (NASDAQ:OTTR), Owens Corning (NYSE:OC), Woodward Governor (NASDAQ:WGOV), Thomas & Betts (TNB), Kaydon (NYSE:KDN), Ameron (NYSE:AMN-OLD), Vestas (OTCPK:VWDRY), Broadwind Energy (NASDAQ:BWEN), Clipper Wind Power (OTC:CRPWF)
It is no secret Cramer is a big fan of wind power, and he quotes a report saying wind power will comprise 30% of the nation’s energy needs by 2040. Cramer discussed his Windex, or 11 stocks that form the Mad Money Wind Index. He has already recommended TRN, OTTR, OC, WGOV, TNB and KDN, and added four new names to the list. AMN is in the water pipeline business, but its wind segment should double this year. Vestas is the largest name in global windpower, BWEN produces wind towers and Clipper Wind Power, based in the U.K, makes wind turbines. Cramer emphasized he is not recommending all of these stocks, but is giving investors an idea of the sector. The Wind Power 2008 Conference in the first week in June should drive these wind stocks up.
CEO Interview: Timothy Wallace, Trinity Industries (TRN)
Timothy Wallace shares Cramer’s enthusiasm for wind power and it shows; his company increased its backlog for wind towers to $1.6 billion and the size of its wind segment grew 42%. Since Trinity is a rail play, it can produce special cars for transporting wind towers. Of the company’s diversification, Wallace said, “We focus on…being able to shift our products from line to line,” he said. “And that’s exactly what we’ve done in the wind-tower business.” Cramer is bullish on TRN and said its story has not yet been told.
Mankind Sector: Donny Deutsch, host of CNBC’s “The Big Idea”
Cramer invited trend guru Donny Deustch onto Mad Money to discuss how he can make his “new tech” industrial plays such as Eaton and Owens-Corning seem as cool as Apple or Microsoft. First of all, Deutsch scrapped the term “new tech” and focused on the larger picture; “This is the humanity sector. This is the better-world sector. This is the future-planet sector. This is the sector that’s going to make sure your grandchildren can eat. This is the sector that’s going to make sure this planet is safe from terrorists. “The thing they’re selling,” Deutsch said, “is the future of humanity.” Cramer’s new term for the sector: Mankind Stocks.
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