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Cramer Quick Take: Don't Sell DuPont

NEW YORK ( TheStreet) -- During the Delivering Alpha Conference, fund manager Nelson Peltz announced that he is taking a significant, but undisclosed, position in DuPont (DD - Get Report). TheStreet's Jim Cramer tells Brittany Umar what he's discovered about Peltz's investments.

Cramer said he did a study on the performance of stocks in which Peltz invested after the news of his position broke.

The results? "Uniformly fabulous." Don't sell the stock, he advised investors. DuPont is a holding in Cramer's charitable trust, Action Alerts Plus.

DuPont CEO Ellen Kullman was recently on CNBC's "Mad Money," hosted by Cramer, and said there are no plans to break up the company. Peltz wants the exact opposite, specifically cutting the paint division loose.

Cramer is confident that this won't be the last time we hear from him on the subject.

He also said that he doesn't expect DuPont to report a really great quarter on Tuesday, July 23.

Still, he continued to stress, "Do not sell this company," citing how hard Peltz pushes to get things done. He pointed out that even with PepsiCo (PEP - Get Report) making all-time highs, the fund manager said that he still wants it to buy Mondelez (MDLZ - Get Report) and be broken up.

What PEP would get in two years' earnings, Peltz will get in six months, Cramer said, concluding:

"Do not bet against Peltz."

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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SYM TRADE IT LAST %CHG
DD $71.01 -0.60%
MDLZ $41.46 2.40%
PEP $96.43 -0.65%
AAPL $130.60 -0.90%
FB $79.20 -1.20%

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