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[video] Quick Take: It's a New Johnson Controls

NEW YORK ( TheStreet) -- When companies look to unlock value, shareholders are the ultimate winners.

According to TheStreet's Jim Cramer and Stephanie Link, co-managers of the Action Alerts PLUS portfolio, Johnson Controls (JCI - Get Report) could be a solid investment for this very reason.

It's a name that they've owned in the past and have started to purchase again.

The company has seen solid results from its exposure to the auto industry and in its battery segment. And although nonhousing construction hasn't done as well, it still offers plenty of opportunity, Link said.

Cramer added that the company's management has recently indicated that it will unlock value by breaking up certain parts of the company.

Link went on to say that several positive catalysts remain in play for Johnson Controls: A new CEO and an analysts' meeting in December, where positive comments are expected from the new leader.

The company also has exposure to Europe, which is believed to be doing better. Cramer concluded that it's a good idea to get into the stock early and buy on the dips.

Honeywell International (HON) is also a name Cramer and Link like, but they've been unable to find a dip to buy more shares of the stock. According to Cramer, the common theme in the market is that the good companies don't pull back.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Action Alerts PLUS, which Cramer and Link co-manage as a charitable trust, owned shares of HON and JCI.

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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