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
, 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:
( APKT), a voice-over-Internet-protocol phone player, and
, 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
, down 12 cents to $88.76, is going higher. He said 13% appliance-sales growth at
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.
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