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NEW YORK (TheStreet) -- For once, the late-day rally held into the close, Jim Cramer said on Mad Money Monday. That's good news for the bulls because both growth and value stocks were able to both rally on the same day.
Cramer said there have been many sectors of the market struggling of late. Everything from the high-flying tech and biotech names to the financials, which represent a big part of our economy, have been all been awful for a very long time. But the fortunes for the financials took a turn for the better today, Cramer noted, as not one but two takeover deals were announced.
Takeovers are a very positive sign, Cramer continued -- less competition means higher profits. That's exactly what happened in the airlines and it could happen with the financials as well. The group was also helped along Monday by strong rallies in both Visa (V) and MasterCard (MA), along with an upside surprise from Citigroup (C), which sent shares up 4%.Cramer said strength was also seen in the oil and gas sector today as Goodrich Petroleum (GDP) spiked 30% on new reserves in Louisiana. Then there were the high-flyers, the high growth names like Netflix (NFLX), Amazon.com (AMZN) and Twitter (TWTR). Even these names were able to eek out gains today as the bull was able to march all the way to the close of trading.