Although there was more than $50 billion in takeover activity Monday, the market didn't take off, Jim Cramer said on his "RealMoney" radio show Tuesday.
That's because the takeovers were in the mineral, steel and real estate industries -- places where market players don't need the stocks to go higher, he said. However, there are "a series of anointed stocks" here, which are going higher and should continue to do so, he said. Among them are Boeing (BA Quote), Google (GOOG Quote), New York Stock Exchange (NYX Quote) and MasterCard (MA Quote), Cramer said. "This is where the money is being made," he said. "It's not only on takeovers, but on earnings" as well, and it's not too late to pick up and buy these plays. For those who believe the market is running out of steam, this is not true, Cramer went on to say. "It is only taking a little breather."
Use any weakness to get in this market, he advised. The infrastructure, energy and diversified industrial stocks are all going up. "This is a market that cannot be kept down," Cramer said.
Also, although stocks like Google, NYSE, MasterCard, Goldman Sachs (GS Quote) and Sears (SHLD Quote), the latter two which Cramer owns for his charitable trust, Action Alerts PLUS, may look like they are expensive, they are not, he said.
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