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Cramer reiterated his support for alternative energy stocks on Tuesday’s Stop Trading!, saying he likes to look for the less-than-obvious plays that win off the fundamental growth of industries like solar and wind power.
Take Owens Corning [OC
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], the company best known for its home insulation composites. Insulation is actually a play unto itself, Cramer said, because properly insulated homes can cut energy production by 40%. But OC is also a winner because it makes composite materials for wind turbines. You wouldn’t know that unless you did a little bit of homework, but OC is as much an alternative energy stock as it is a building and construction stock.
Briefly touching the media sector, Cramer said cable is the best play right now. His favorite stock there is Discovery Holdings [DISCA
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Jim's charitable trust owns Discovery Holdings.
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