Cramer's New-Tech Stock Picks
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Date updated:06-03-2008

"These are the themes that let you sleep at night without nightmares," Cramer told viewers. "New tech," he said, is the place to be.

symbol name last price % change open
  • +
  • ENS
    Enersys
  • $22.92
  • +1.73%
  • $22.60

However, Cramer said the real potential of EnerSys lies in its proprietary Thin Pure Plate Lead (TPPL) battery technology. Using this technology, EnerSys is manufacturing batteries that run longer with less maintenance and come in smaller packages. Cramer said these batteries could soon replace traditional lithium-ion batteries used in hybrid cars. EnerSys' TPPL business currently only accounts for 10% of the company's sales, but with demand outstripping supply, Cramer sees the technology playing a much bigger role for the company in the future. EnerSys, he said, is also in a position to pass most of its rising commodity costs directly onto the consumers, helping its bottom line.

People owning ENS also tend to own: AESCKHCTRPDRHEBAYLFBG.OBPEIX

TheStreet.com Rating: B What is this?

  • +
  • NAVZ
    Navz
  • $0.00
  • N/A
  • $N/A

Not all new-tech companies are, well, new. Navistar was a new tech player back at the turn of the 20th century and is again part of new-tech more than 100 years later. Navistar (NAVZ) makes trucks and school buses, where it’s got 60% market share. Other than Cummins (CMI), Navistar is the leader in fuel-efficient engines. It was the first player to make hybrid commercial trucks and school buses. It’s got a pipeline chock full of environmentally friendly power-saving products like an auxiliary power unit that helps trucks producer power without idling the engine and a new diesel engine that’s incredibly efficient. It also has a growing military arm, where it manufactures mine-resistant vehicles. The company said this could become a $2 billion business.

People owning NAVZ also tend to own: AESAGUALBBYIFEGHLJBL

TheStreet.com Rating: No Rating What is this?

  • +
  • TNB
    Thomas Betts Cp
  • $35.87
  • -0.66%
  • $35.86

Cramer featured Thomas & Betts (TNB) as the next in his series of "new technology" stocks that manufactures the products the new economy needs. Cramer called the company another "stealth" wind power stock that investors need to consider.

People owning TNB also tend to own: AGDDXPEIRLAYNLOWMSMTW

TheStreet.com Rating: B- What is this?

  • +
  • ETN
    Eaton Cp
  • $64.31
  • -0.33%
  • $64.43

Cramer continued to recommend the many "new-tech" names he's been highlighting, including names like Eaton (ETN), Parker-Hannifin (PH), Emerson (EMR) and First Solar (FSLR). He gave special mention to Parker-Hannifin, which he said is not only helping to solve the world's problems, but also supports its shareholders with a solid dividend.

People owning ETN also tend to own: ABXBABACBHPCCHKCHL

TheStreet.com Rating: B- What is this?

  • +
  • PH
    Parker Hannifin C
  • $56.14
  • -0.87%
  • $56.21

He gave special mention to Parker-Hannifin, which he said is not only helping to solve the world's problems, but also supports its shareholders with a solid dividend.

People owning PH also tend to own: COPDEOGZPY.PKPBRPXRIOSID

TheStreet.com Rating: C+ What is this?

  • +
  • EMR
    Emerson Elec Co
  • $41.23
  • +0.27%
  • $41.03

Cramer continued to recommend the many "new-tech" names he's been highlighting, including names like Eaton (ETN), Parker-Hannifin (PH), Emerson (EMR) and First Solar (FSLR). He gave special mention to Parker-Hannifin, which he said is not only helping to solve the world's problems, but also supports its shareholders with a solid dividend.

People owning EMR also tend to own: COPFASTCHTRDODGXHWMIXIDWKLMNVX

TheStreet.com Rating: B What is this?

  • +
  • FSLR
    First Solar
  • $117.93
  • 0.00%
  • $N/A

Cramer continued to recommend the many "new-tech" names he's been highlighting, including names like Eaton (ETN), Parker-Hannifin (PH), Emerson (EMR) and First Solar (FSLR). He gave special mention to Parker-Hannifin, which he said is not only helping to solve the world's problems, but also supports its shareholders with a solid dividend.

People owning FSLR also tend to own: CNXTEWZIFNIFUE.OBMMCAMXCHL

TheStreet.com Rating: C What is this?

  • +
  • ITW
    Ill Tool Works In
  • $48.39
  • +0.25%
  • $48.08

The company makes food packaging equipment that helps process and store food more efficiently, in turn reducing waste and feeding the world. Cramer also likes the company’s specialty power segment and growing international revenues. He said the company has great earnings visibility and growth the usual technology company’s dream about. Cramer explained that the stock is down 12% because of a bidding war with Manitowoc (MTW) over Enodis. He said this is a perfect time to pick up shares of ITW because the stock will be driven lower due to the bidding war. Once the bidding is over he thinks the stock will march higher.

People owning ITW also tend to own: ANNAUYBACBHIERICFGE

TheStreet.com Rating: B- What is this?

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