The market is also clamoring for restaurant stocks, with everything from fresh IPOs like
to old standbys including
Red Robin Gourmet Burgers
solidly in the black for the year.
With so many things going in its favor, Cramer said it's easy to see why the market quickly snapped up Noodles and continues to drive the stock higher. He said that while he wouldn't buy the stock at current levels, he would be tempted on any weakness.
Be Cautious on Onyx
Shares of Onyx Pharmaceuticals more than doubled on the news the company is being acquired, but Cramer reminded investors that risk-reward matters and in the case of this red-hot biotech, the easy money has already been made.
That's why Cramer said he'd ring the register and sell shares of Onyx, despite talks of the company receiving an even higher bid. "There are better ways to play this sector," he said, including some long-standing recommendations like
But investors truly looking to cash in on the long-term promise of the biotech group need to stick with the big boys, said Cramer, mainly Celgene and
. He said both Celgene and Gilead have what it takes for the long term and he'd be a buyer of any of these names on the next market pullback that puts them on sale.
In the Lightning Round, Cramer was bullish on
Bed Bath & Beyond
Kodiak Oil & Gas
Cramer was bearish on
Pengrowth Energy Trust
In the "Mad Tweets" segment, Cramer responded to questions sent via Twitter to
Starting with a round of biotech names, Cramer said
was "too hot to handle," but he would bless
, which is up 27% so far this year. He said that investors missed the move in
if they're not already in it.
When asked about
, Cramer said the stock is not expensive but he's not betting that a breakup is eminent. He was still bullish on
, but said that
needed to be sold.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off against the notion that acquiring another company is a bad thing. He said that companies need only look at
for two recent examples of acquisitions done right and ones that are making shareholders money.
Cramer said he was hard-pressed to think of a recent merger that wasn't a big win for investors. That's why company managements need to "wake up and acquire" if they want to reinvigorate their stall share prices and growth rates.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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