Jim Cramer's Stop Trading! RIM Runaway

Cramer calls the BlackBerry maker the 'ultimate Christmas gift.'
Author:
Publish date:

Research In Motion

(RIMM)

is rallying like a "running back that has just broken through the Rutgers defense," Jim Cramer said Monday on

CNBC's

"Stop Trading!" segment.

Cramer said the BlackBerry maker's stock is "galloping" in the runup to Christmas and that he expects the rally to continue. "This is the ultimate Christmas gift," Cramer said.

Cramer also likes

Allergan

(AGN) - Get Report

, which he called a "genius company" with its Botox and other plastic surgery products. He said Allergan, up $7 at $119 at midafternoon Monday, could be up more because it presents itself as a possible buyout target for struggling pharmaceuticals giants like

Merck

(MRK) - Get Report

and

Pfizer

(PFE) - Get Report

.

Cramer also said the big mergers at copper miner

Phelps Dodge

(PD) - Get Report

and property giant

Equity Office

(EOP)

show that "everything is cheap to someone in this market."

Cramer said Phelps buyer

Freeport

(FCX) - Get Report

, for instance, needed a new source of copper because its main mines are in strife-torn Indonesia. Yet metals stocks are "so hated by mutual funds" that the deal is affordable, Cramer said.

Cramer added that given the huge amounts of cash sloshing around the market, "There is such a supply shortage" when it comes to good stocks. "All the managements I know think stocks are undervalued," he added. "So many companies want to buy other companies."

At the time of publication, Cramer had no position 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.