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"We have too much of pretty much everything in this market," Jim Cramer told his Mad Money viewers Tuesday. "That's why the urge to merge is growing on Wall Street."

And that's why shares of Hershey (HSY) - Get Hershey Company Report plunged after Mondelez (MDLZ) - Get Mondelez International, Inc. Class A Reportwalked away from its bid for the company. In the food business, growth is hard to come by, which is why getting a takeover bid and then losing it matters a great deal. Companies would much rather merge than fight with each other.

In the retail sector, we also have more than we need. As Macy's (M) - Get Macy's Inc Report CEO Terry Lundgren noted after announcing the closure of 100 stores, the U.S. has 7.3 square feet of retail space for every citizen, nearly 5.5 times as much as in the UK or Japan.

The tech sector is also in merger mode, with Broadcom (AVGO) - Get Broadcom Inc. Report rumored to be on the hunt, possibly for Xilinx (XLNX) - Get Xilinx, Inc. Report . Then there's biotech, with Pfizer (PFE) - Get Pfizer Inc. Report snapping up Medivation (MDVN) .

Perhaps the only sectors not looking to merge are the rails and the airlines, which have done about all they can do when it comes to consolidation. Same with the banks, which are as big as regulators will allow.

Off the Charts

In the "Off The Charts" segment, Cramer checked in with colleague Robert Moreno over the chart of Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report , now that a full year has past since the company's spate of health scares that send shares plunging from $750 to as low as $395 a share.

Moreno liked Chipotle's weekly chart, noting that the stock's floor of support at $395 has held and shares appear to be poised to break above their downtrend line that has been acting as a ceiling of resistance. With the MACD oscillator signaling a bullish divergence, Moreno felt that if shares hold above $420 it would be huge for the stock.

Moreno was further bolstered by Chipotle's relative strength indicator, which has been moving up rapidly in recent weeks, and the vortex indicator, which has just flashed a bullish crossover.

How high could Chipotle run? Moreno felt $600 a share would be possible over the longer term once shares break free from their downtrend. Cramer concurred, saying that in other health scares most restaurant stocks begin to recover between 12 to 18 months after the incident has passed.

Still Bullish on Apple

On the heels of a decision that could cost Apple (AAPL) - Get Apple Inc. Report $14 billion in back taxes, Cramer offered up his comments on this Action Alerts PLUS holding. He said that while Apple's chart remains terrible, he continues to be bullish on the company.

Sure, the tax bill, if not overturned, would ding the company's $200+ billion cash hoard. And yes, it appears, at least thus far, that the new iPhone due out next month may be uninspiring. But while Apple's downward chart may become self-fulfilling, Cramer asked if that really means the company's best days are behind it?

If investors can time the bottom and scale back in at lower prices, "be my guest," Cramer said. But for the rest of us, he continues to recommend investors just own the company for the long term. Apple still makes the best products and still has a growing service business that cannot be ignored, he said. That's worth sticking around to see what's next.

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Executive Decision: Rick Smith

For his "Executive Decision" segment, Cramer spoke with Rick Smith, co-founder and CEO of Taser International (TASR) , makers of evidence capture and digital evidence management tools as well as its namesake, non-lethal stun guns. Shares of Taser are up 70% for 2016.

Smith explained Axon is the name of Taser's network of connected camera and the software that allows those videos to be shared with police departments, prosecutors and the media when needed. He said there's undisputed momentum in this area, with police departments seeing the need for evidence capture in the field as being inevitable.

Smith said Axon has a full line of cameras, including those for the body, head and car. On the back end, Axon includes, which is solving the big data issues of cataloging, storing and retrieving data while abiding by evidence laws.

Smith sees Axon as an enterprise platform with years of growth ahead. He said the business could grow five to 10 times larger, and Taser currently has 85% marketshare amongst large police departments.

Lightning Round

In the Lightning Round, Cramer was bullish on Pioneer Natural Resources (PXD) - Get Pioneer Natural Resources Company Report , Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report , Novavax (NVAX) - Get Novavax, Inc. Report , Air Products and Chemicals (APD) - Get Air Products and Chemicals, Inc. Report and Zoetis (ZTS) - Get Zoetis, Inc. Class A Report .

Cramer was bearish on PayPal (PYPL) - Get PayPal Holdings, Inc. Report , Clayton Williams Energy (CWEI) , McCormick (MKC) - Get McCormick & Company, Incorporated Report , Chesapeake Energy (CHK) - Get Chesapeake Energy Corporation Report , Lockheed Martin (LMT) - Get Lockheed Martin Corporation Report , Stonemor Partners (STON) - Get StoneMor, Inc. Report and Aratana Therapeutics (PETX) - Get Aratana Therapeutics, Inc. Report .

No Huddle Offense

In his "No Huddle Offense" segment, Cramer highlighted three exploration and production companies that have made smart acquisitions that have transformed their businesses.

First is PDC Energy (PDCE) - Get PDC Energy, Inc. Report , which recently announced a $1.5 billion acquisition that Cramer called "transformative," taking PDC from an also-ran to having some of the best assets in the region. The company completed a secondary offering of stock in March at $51 a share and now trades at just under $70. Cramer said this stock can go even higher.

Cramer is equally bullish on SM Energy (SM) - Get SM Energy Company Report , which just acquired 25,000 acres of land in Texas, acres that doubles the company's presence. Cramer was not the only one to notice this move because the stock has received multiple upgrades.

Finally, Cramer said Pioneer Natural Resources (PXD) - Get Pioneer Natural Resources Company Report remains the best of the bunch, up 16% since the company did a secondary offering at $157 a share earlier this year.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, OXY and PYPL.