New Energy, New Jobs:
As the unemployment rate tracks higher, new jobs could spring up in the wind power industry.


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Wind power & energy Indpednce

materials/ wind t blades/tv

I like OC for their involvement in wind.

Cramer: Give Your Portfolio Wind Power: Jim Cramer reviews his wind-ex "stocks."



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Owens Corning (OC), down 20%. Cramer said the poor performance of the Wind-ex stocks has nothing to do with the wind power business, but rather with the industrial components of all of the companies. He reminded viewers that as wind power accounts for larger portions of their earnings, the other divisions will account for less. He views the current weakness in the stocks as a valid pullback and a buying opportunity.

This company is not a housing play, but a play on home owners looking to make their houses more enery efficient. This is also a great wind play and the bears have this one wrong.

In other sectors, Cramer said he likes Owens Corning (OC) and would even consider Toll Brothers (TOL) as a trade. And finally, in retail he'd consider picking up some Costco (COST), Wal-Mart (WMT), a stock which he owns for his charitable trust Action Alerts PLUS, Jones Apparel (JNY) and VF Corp (VFC).

OWENS. LIMITED PERCENTAGE TO WIND...
IN AT 20-21

Next, Cramer featured the windmill blades, and said that Owens Corning (OC) has the best composite materials business for this high-stress application.