deal to buy Centex will close in August, which will be "monumental." He said the "whole group's been on a tear," but with the catalyst of the closing of the Pulte deal, Centex is where he'd put his money.
"a battleground" and advised viewers that, after its "big leap back to $30," it would likely pull back "before it has its next one."
Cramer said that recent acquisitions -- including
Johnson & Johnson's
-- "are very good." "I think that people should start recognizing that when your stock goes up after a deal, when people see this, it bring more and more mergers," he said.
Cramer said that had
reported today, "I think it would've barely gone up." He said the stock is now "very overbought" and recommended waiting for a pullback to buy. "Eaton has been one of my favorites for a long time," he said, but "not up here. I don't want to buy it in the $50s."
--Rebecca Corvino writes from New York.