The economy's improving, said Jim Cramer on Monday's "Mad Money" TV show, and there are opportunities to make "good money." Sure, he said, there's Chrysler, which has since filed for bankruptcy and the banking stress tests, but what really demands our attention is that as of Friday, the market was up in seven out of the past eight weeks.
Cramer cited a turn in consumer spending and a forming real estate market bottom as examples of stories readers should follow.
Better-than-expected earnings reports from countries across the board are evidence of the turning economy. Cramer mentioned specifically
On Monday, Fortune Brands closed up 40 cents, or 1%, at $42.45. Kohl's added $1.21, or 2.8%, to $43.77. Darden gained $2.36, or 6.5%, to close at $38.48. Apple was up $4.83, or 3.8%, at $132.07, and Schlumberger was up $3.41, or 6.7%, at $54.08.
Cramer said that
could be the first company to benefit from the credit crisis. To be able to cover the $122 million of bonds due in May, Dean Foods announced.
a secondary stock offering
Cramer said that other recent secondary stock offerings, including from
, have been successful, which bodes well for Dean Foods.
Cramer said he liked Dean Foods at its current price and that he recommended getting in on the secondary offering.
Dean Foods closed up 7 cents at $19.
Cramer also gave a nod to
, which fell after reporting earnings last week in spite of beating earnings by a penny and reporting a 10% increase in sales in North America. Cramer said the weak housing market has been tough of the stock, but that once housing turns, Scotts will turn, too.
On Monday, Scotts closed flat at $32.92.
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. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his 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
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.