Skip to main content

Three sizzling initial public offerings offer a perfect indication of the market's ruddy good health, Jim Cramer said Friday on CNBC's Stop Trading! segment.

Cramer said defense contractor

SAIC

(SAI)

, up $1 at around $18 in Friday's debut trading, is the strongest buy among the day's three IPOs. "This has been a best-performing group," he said of the defense players. "I just think Rumsfeld wants to put money into this sector," he said, referring to the defense secretary.

Cramer was also high on two other IPOs, both of which were up more than 50% in trading Friday:

Acme Packet

( APKT), a voice-over-Internet-protocol phone player, and

eHealth

(EHTH) - Get eHealth, Inc. Report

, an online health insurance peddler. Acme was up $5.38 at $14.88 and eHealth was up $8.75 to $22.75.

Cramer said there are two good things about the bullish action in the IPOs.

"Some people are saying they can't get a deal through the door," Cramer said, indicating this is good because it means only high-quality deals are being done. Plus, he added, IPOs that do come through are finding "quality buyers."

Cramer also said he believes appliance maker

Whirlpool

TheStreet Recommends

(WHR) - Get Whirlpool Corporation (WHR) Report

, down 12 cents to $88.76, is going higher. He said 13% appliance-sales growth at

GE

(GE) - Get General Electric Company (GE) Report

confirms that the hard-goods business is booming.

"There is no way Whirlpool is doing badly if GE is doing that well," Cramer said. He said Whirlpool is "headed to par," which he explained as "genuine Wall Street gibberish for 100."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.