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Even billionaire Warren Buffett confirmed in an interview today that stocks are the best investments out there while government bonds remain the worst, Cramer said..
He added that what smart investors like Buffett see in stocks is the incredible value being created by companies taking control of their own destinies. That was certainly the case for Hess (HES), which announced Monday it is spinning off its refining business and going "all in" on its Bakken shale assets. Cramer noted that activist investors at Hess want even more and calling for the company to sell itself entirely, making it a win-win situation for investors.Other activist investors have been shaking value out of companies such as Transocean (RIG) while multiple hedge funds continue to battle it out over Herbalife (HLF). Meanwhile, companies such as Yahoo! (YHOO) are hitting 52-week highs while CEOs like Marissa Mayer are taking action and turning things around in record time. There's also plenty of merger activity bringing out value, said Cramer, and while today's acquisition of Ferro (FOE) may be a small deal, it's still one in a now-steady stream of deals rewarding shareholders almost daily. Cramer said the only bear market seems to be in Apple (AAPL), a stock Cramer owns for his charitable trust,