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Winning Combinations

In a slowing mergers-and-acquisition market, (outside of Amazon (AMZN) - Get Report , of course) there are still ways to profit from companies tying the knot.

Case in point, the tie-up between Praxair (PX) and the German Linde Group, which will combine the No. 2 and No. 3 industrial gas suppliers into the top dog of the industry.

Cramer said the deal, announced in December, won't likely close until 2018, but the combined company will have $30 billion in sales, with a global footprint that includes 43% North America, 26% Europe and the Middle East.

The combined company, which will retain the Linde name, expects to see $1.2 billion in cost savings despite the fact both companies have complimentary core competencies.

Cramer said the best way to play this fabulous deal is by simply buying Praxair, which still trades right here in the U.S.

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Cramer and the Actions Alerts PLUS team say they're confident in their oil stocks. Find out what they're telling their investment club members about Magellan Midstream (MMP) - Get Report and Dow Chemical (DOW) - Get Report . Get in on the conversation with a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in MMP and DOW.