one of the things we learned at the bakken in august, a lot of companies want to put in these pipelines, and unless the bakken is as big as prudhoe bay there is going to be an excess of pipelines and tracks, they have put a lot of trains in. i kind of think there were other opportunities that they would take advantage of. all right, the phils are off to a bad start, okay? after a record-breaking season. the market has had a bad few days, i guess we should throw in the towel for everything. excuse me for looking for opportunities. "mad money" will be right back. >>> buy or buyer beware? after a monster first quarter, banks and builders have taken a breather. is it a solid foundation? or should you take the money and run? cramer goes off the charts to find out. >>> and, later, go for growth. cramer's week-long hunt for growth continues. the street's cravings for guac and chips hasn't let up. can this healthier fast food fave continue to serve up sizzling profits for years to come? >>> plus, making waves? a billion dollar buy is putting young energy company on the map in the gulf. could it

a little about iran perhaps hostilities less likely and a lot of oil coming from the bakken into the east coast. we're seeing that influencing west texas price. bottom line here is that negative here is for energy companies. so all of the exploration and production companies like eog have been trending down in the last couple weeks as brent has been trending down. they trend with oil. that's the downside. the good side is this is great for the overall economy and generally for equities ex-energy. you can see the s&p 500 year-to-date. bottom line, yes, we have worries in spain. but they buy the dips still. not seeing any kind of wholesale selloff for now. >> we'll see. bob, thanks so much. >> so far 2012 has been a good one for stocks. the s&p 500 already up more than 10% this year. and your next guest says he sees at least another 5% gain for the broader market. and even more over three stocks that he loves right now. ceo and cio at rnc judger capital management. joining us now. dan, what is it going to take to get to your s&p 500 target of 1450 to 1475? >> brian, frankly, i think it

i think what's lost in this discussion, the marcelis boom, the bakken reserve, the ground move was this drillers responding to a tax environment that let them take risk. bud, you want to jump in on this energy -- >> yeah, i wanted to make an important observation. we shouldn't get the impression that the oil and gas industry is particularly favored when it comes to taxes. in fact, last year the oil and gas industry paid $40 billion in taxes. income taxes, royalties, lease payments and the like to the federal government. their tax preferences were a mere $2.8 billion. so the balance sheet is very much in favor of the federal treasury. now, when president obama runs around as he's been doing saying that these obscene profits are too high, that the oil and gas industry aren't paying their fair share, he's just completely off base. they're paying lots of taxes and they're paying more than their fair share. if you look at their -- the other tax burdens as a percent of their profits. i also don't see the logic of talking about increasing taxes on the fastest growing industry in the united sta

for example, in eastern montana, there's something called a bakken formation. it's heavily impacted by oil and gas development. the police force is stretched so thin they can't begin to deal with all the issues. and police officers start at $40,000. their salary is $40,000 a year and they see $800,000 spent, what's going on here. there's a little town of culbertson i visited. they're scratching to try to get money for a sewage system, trying to piece it together here and there. when they see this waste, they go what? we could use that $800,000 for a sewage system in our little town. otherwise, we can't afford it, we can't finance it. after that, the little town of ingmar, montana. it's very small. population about two hands. trying to save their post office. the rent is $700 per month for that post office and they see $130,000 for eight preconference trips to las vegas. you know, it's just galling. it's absolutely galling when you see what the dollars could otherwise be spent for just for legitimate purposes. where people are really struggling. and i just tell

it's got 157,000 acres in the bakken shale. it's a big shale play.tion for natural gas and crude oil kog, i'm long it. >> bring up the intraday chart. do you feel powerful when that happens? look at that. you say you're bullish and the thing goes ding. >> well, god bless them. there were a lot of people buying it this morning as well. >> about eight seconds ago, yeah. all right. coming up, meet the man betting $2.5 billion on clean energy. the green trade is next. we'll be right back. >>> let's get to our green trade. our next guest is a leading investor in clean energy. he's invested over $2.5 billion in the industry in his career. says there are three areas in particular that are good bets for investors. joining us is founder and managing partner at hudson clean energy partners. three sectors, what are they? >> okay. well, we're looking at value in public stocks. right now over the last four years the public stalks, the nex index has taken a beating. we actually think there's tremendous value. if you looking at trading ebitda it's about seven times

this is an animation from oil drilling in the bakken. they execute a series of small explosions after they drill down. they call it perforating, they make small fissures all the way throughout the well, every few week and a combination of water, sand and ceramics with chemicals are pushed into the well. those are the thousands of cracks propped open by them allowing oil and gas to flow up to the surface the concern here is water. the worry is over contamination of ground water. most energy companies i speak with say if that happens, the operator is at fault, not the process. it shouldn't happen. but there's also water used in the fracking itself. that's not usable on the back and often is stored underground. there's no technology to return the water to the system. that's why there's a fuss over chemicals used in fracking. companies are not arguing against regulation. the good operators want the regulation. they just don't want hasty decisions like a fracking moratorium that would absolutely, larry, frighten these companies. >> and they a

continental, that's harold hamm and the huge producer in the bakken. under armour downgraded today.eir stuff. solarwinds. intuitive is a medical company. a software company, we have an apparel company, we've got, holy cow, man. just a second because i want to be sure i'm not going to overlap here. that's consumer electronics. we're going to say it's okay. we're going to get rid of, though -- you know what? we can keep it. it's different enough, but it's not -- it's just way too speculative. the whole portfolio is way too speculative for me. but anyway, it is diversified. >> hallelujah! >> john in california, john? >> caller: boo-yah, jim. how are you do? >> all right, how are you? >> caller: bad, bad market today. >> real bad. >> caller: okay. my stocks are arr. that's the speculative that i have. fun, kmp. >> okay. >> caller: t, and bristol-myers, bmy. >> i feel badly again. this is that armour residential because it has that really high yield and it's a financial reit like annaly. i got to speak to the guy. kinder morgan, i am shocked. speaking to stephanie link, research director

namely bakken in north dakota upgrading to a buy with a $36 target. not a huge move to the upside.ut $6 left in that. back to you. >>> brian, thank you very much. new data shows millionaire housing rising for the third straight year. hour are those affluent families teaching the next generation about money? when they find out, have them tell me, will you? sharon epperson got together a round table of financial experts for their take on critical money lessons the wealthy can teach their heirs. >> teach your children the value of saving early, showing them how it grows over time. i think that would be a starting point. and also doing some education with your children about what it means to invest and how we defer gratification today for things that we really want down the line. >> i really agree. i mean, i think you do too, frank, the greatest legacy is financial education is actually getting them up to speed on what they need to know about perhaps your money as well as their money. >> i think today's boomers looking at this rags to rags. first generation made it, second generation c

we had gone out to the bakken, they were talking about how the storms had kept their drilling down, thattorms ends, nobody cared. and then the stock took off when they told you that business is big and booming. the bottom line, we look for signals about the future of these calls, particularly about upcoming catalyst that will move the stocks later on, making them solid buys on any short-term decline because it wasn't better than expected. and we try to measure confidence about cash flow that could ultimately trigger rising dividends, the best source of wealth that stock can give us. dividends pay us to wait for things to get better, and there is no before way to find out about the prospects for increased dividends and to listen in on the earnings calls. stick with cramer. >>> let's go to kentucky! >> a hillbilly ba-ba-boo-yah. >> a hillbilly boo-yah, holy cow! >> here is a big las vegas ding ding ding ching ching ching boo-yah. >> a big staten island new york hate al, forget about it boo-yah. >> boston. >> nashville. >> michigan. >> california. >> boo-yahs come from all across america. l

issues tonight associated with the marcellus shale, and doug ended up showing the gas boom in the bakken shale in north dakota and montana. similar things happening here in pennsylvania where i'm from. this map shows that in the last five years, there have been 10,000 sites permitted for marcellus shale wells in the state of pennsylvania. and 5,000 of those sites have actually been drilled. so a significant boom in drilling so curing. and associate -- so curing. and associated with that are, of course, some related water issues. part of what's happening in pennsylvania that's interesting is that, you know, it's a state that's not a stranger to oil and gas development. but the northeast part of the state is, really has not experienced historic development of oil and gas resources. so everything's pretty new in the northeastern part of pennsylvania. so i'm going to talk about a few of the water issues that i think are interesting that i'm hearing on the news, and i'm hearing come across my desk. the first is erosion and sedimentation. so erosion and sedimentation can occur well before any

a republican -- in the fort birch hole reservation as we looked at what happens happening in the bakken formation and the development of oil and gas there where we really look at the bakken as having as much oil perhaps, as what we now find in saudi arabia. i was there three years ago and remember that senator dorgan and senator conrad took me to the fort birch hole reservation, and they said we have a problem here, the government isn't working, permits aren't being issued, so there's no oil and gas development taking place in this million-acre reservation. we set up a permit process to try to breakthrough a bureaucracy that simply wasn't working at the end of the last administration. today, when you go out to the fort birch hole reservation, 200 permits have been granted. oil and gas activity is being seen everywhere. in indian country alone where there are millions and millions of acres of potential development, the oil development and production just on indian lands has doubled doubled in the last three years. and so those who say we are not issuing permits, frankly they're simply wr

except for the bakken, it's a natural gas economy. >> for the saudi arabian natural gas, it's a matter of national security, not just energy policy. >> totally agree. >> use, baby, use. >> use, baby, use. they find some federal land they want to drill on, no, we have a lot of private land. that's another republican canard, frankly. we've got lots of land to drill on. what we're finding is natural gas. unless you compress it and ship to it japan, it ain't being used. 63% of our power plants are already using it. unless bpa goes renegade, we're not going to be using nat gas. >> we could be going in that direction. >>> when we come back this morning, as americans are feeling pain at the pump, when will the u.s. achieve energy independence? one wall street firm out with a projection. it might surprise you. stick around for the answer. taking one more look at futures, down about 24. interesting tuesday setting up here. a lot more "squawk on the street" in just a moment. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our

bakken i've be no, or i don't know anything about this. which is that? >> i know that i had never approached mr. blair or spoke to mr. blair about it. otherwise i had no knowledge. >> thank you, sir. anybody else? thank you. mr. murdoch, thank you very much indeed for the time that you devoted again to the preparation of the evidence. the statement i think will go on the website almost immediately. the exhibit, although one already is on the website of the exhibits will in due time on the website, it's simply a question of time. but i do assure you it will happen. >> thank you. >> we're just concerned particularly about the thompson matter. >> thank you very much indeed. thank you, sir. >> thank you very much. >> coming up live on the c-span networks today, we will start with c-span, the house gavels in with morning our speeches at 10 a.m. eastern. later, miller's will take up cybersecurity legislation around noon eastern. senate gavels in in just a couple of moments at 9:30 a.m. eastern. they will continue work on reauthorization of violence against wom