Cramer said he agrees with Boroden's research, especially given how she's nailed all of her S&P targets over the past few months. He said the markets may pull back soon after their big run to the upside, and that would be the perfect time to buy into the markets.
A Strong Defense Stock
With defense budgets likely to shrink in the coming years, Cramer said there's one defense stock that gives investors multiple ways to win.
, which makes everything from small-caliber ammunition to rocket propulsion systems and satellite components, would make an excellent takeover target. Its existing business isn't half bad either.
Cramer said it may be hard to talk about a stock that makes ammunition with the debate over gun violence raging, but in the case of Alliant the company is mainly a military supplier that also makes some smaller-caliber ammunition.
That said, Cramer noted Alliant's business is on fire, delivering a 41-cent-a-share earnings beat while upping guidance and boosting its dividend to 1.6% at the same time. Currently, Alliant has a $6.4 billion backlog of business, which proves its fundamentals are in excellent shape.
But despite all of these positives, shares of Alliant still trade at a 37% discount from their five-year historical valuation, which would make them an excellent takeover target in an industry that will be starved for growth going forward. If the company were to be taken over at 1.5 times sales, that would yield a 123% return, noted Cramer. But even based on historical valuations, the stock should be trading at least 9% higher than its current 52-week high.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
All in the Packaging
There's a stealth bull market in packaging, Cramer told viewers, and that's why the stocks of
(BMS - Get Report)
(BERY - Get Report)
have both been outperforming the markets. Cramer said that rally is likely to continue, which is why he's bullish on both names.
When it comes to packaging, and food packaging in particular, Bemis is the market leader and has a 2.8% yield. Berry, on the other hand, came public just last October, with horrible results. However, shortly after that horrendous IPO, shares of Berry also began to rise.
Cramer explained that while food packaging might seem boring, there's actually a lot of innovation involved because new packaging drives sales and helps food last longer. When you see the new
"Dip & Squeeze" ketchup packets, those were created by Bemis.
With input costs falling along with the price of natural gas, Cramer said both companies will see their businesses continue to grow. Thus, the question becomes which company is right for your portfolio?
Cramer said for those with a higher risk tolerance, Berry is better bet because that company has higher upside. However, the company also has $4.5 billion in debt, with $2.1 billion coming due in 2015. In addition, the company still has sizable private equity investments that could be sold at a moment's notice, sending shares lower. That's why Berry trades at just 13 times earnings, noted Cramer.
So for those investors who like to sleep at night, Cramer said to stick with Bemis, which trades at 15 times earnings with a 7% growth rate and a 2.8% dividend.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer recounted his "rant heard around the world," which aired on August 3, 2007. In that famous "they know nothing" outburst, Cramer said he was merely trying to wake the
into cutting interest rates and cutting them fast in order to save financial firms and mortgages alike.
However, in a recent release of the Fed's meeting notes, it was discovered that Cramer's rant was indeed discussed, but only to poke fun at someone who was clearly not a "fan" of how they were handling things.
Cramer said he's mentioning the rant not to prove he was right, but to ask the question of how his contacts were so much better than the Fed? How did he see what was coming while the Fed clearly did not?
He said in all likelihood, banks are afraid to tell the Fed when bad things happen for fear of reprisal or shaking confidence. But no matter what the reason, the Fed clearly spoke to the wrong people and should've known better and acted sooner to save the economy, the financial system and countless mortgages.
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-- Written by Scott Rutt in Washington, D.C.
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