Jim's First Cap and Trade Pick

Efficient electric motors

According to MadMoney's Jim Cramer, cap and trade is not going to be good for most businesses. Nonetheless, Cramer is investigating stocks that will be big winners if cap and trade legislation becomes law.

Jim recommended Baldor Electric Co. (BEZ) about a year ago, and the company saw big losses. So, Cramer was wrong on this company in the past, and he's still not bullish on Baldor, UNLESS cap and trade becomes reality.

In the weeks ahead, Cramer has promised more green investment plays off cap and trade, so stay tuned.