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"The bull market is here," Jim Cramer declared Monday night on his "Mad Money" show on
. "The bull market has arrived, so stop fighting it," he said. "Stop fighting me on this tech; stop fighting the health care revolution."
Cramer said that one ingredient for a good market has been missing for some time, but it's back: "Good news matters" again, Cramer exclaimed. The
movie did well at the box office and
rose on the good numbers.
, which started trading on a split-adjusted basis Monday, is another bullish sign that the market is turning, Cramer said. In a previous quarter, Toll had a fantastic report. But its stock got hammered because of insider selling. Now, the company reports another great quarter and the stock heads higher, even though management is still selling stock. What's changed?
"The tape (market) is the real difference now," Cramer said.
Despite the better market action, however, Cramer said that you still must be selective. A good tape does not mean that you should go out and buy just any old name.
One place that Cramer would be buying is in the health diagnostic and services stocks. Forget drugs, he said. Cost containment saves people money. Cramer said that he is willing to speculate on hot sectors when the cues are there for that type of speculation.
Take Dutch company
on Monday, for example. He said it's time to start looking at other names in the health care arena that could be bought out. Cramer said that
both look good as speculative stocks that could get taken out. Cramer said Allscripts has plenty of room to grow and that it shoots up on every piece of good news. Why not get in there before the next piece of good news? Cramer asked. These kinds of stocks are headed for merger heaven, he continued.
But Cramer said to remember that when speculating on takeover candidates, do not speculate on companies with a bad balance sheet.
Cramer also said that when it comes to technology stocks, investors should be listening to the children. Kids know tech, he said. "Listen to kids to get the pulse on electronics and tech," Cramer said. Cramer's daughter's birthday is coming up and she told him she wants
new Xbox. Cramer had to remind her again that the console isn't available yet and won't be until November. She then said that she wanted the cool phone with the V Cast broadband multimedia services inside.
will benefit from that kind of buying from the youngsters, Cramer said. Bottom line: Buy Motorola, he said. And consider
Cramer's pick of the week is
. Cramer said that the chicken company, which got knocked down a few bucks on Monday because of a lockup expiration related to its initial public offering, looks poised to run. Cramer is betting Gold Kist gets upgraded by a slew of analysts soon, so he recommends investors get in ahead of that action.
During the "Lightning Round," Cramer was upbeat on:
Procter & Gamble
Duquesne Light Holdings
Satyam Computer Services
MEMC Electronic Materials
Western Gas Resources
Meanwhile, Cramer was bearish on:
Deere & Co.
Internet Initiative Japan
Finally, Cramer spoke to
chief executive, Nicholas DeBenedictis, on Monday night. After listening to the CEO for a few minutes, Cramer said that he would be a buyer of the stock whenever there is a big seller in the name.
Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by
. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.
At the time of publication, Cramer was long Altria, Commece Bancorp, Intel, Motorola and St. Joe.
James J. 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
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