Research In Motion
is rallying like a "running back that has just broken through the Rutgers defense," Jim Cramer said Monday on
"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
, 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
Cramer also said the big mergers at copper miner
and property giant
show that "everything is cheap to someone in this market."
Cramer said Phelps buyer
, 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.
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