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NEW YORK (TheStreet) -- The positive side of the Greek default crisis is it will keep the Federal Reserve from raising interest rates, Jim Cramer asserted to his Mad Money viewers Tuesday. So with that in mind, Cramer said now is a good time to dream about takeovers.
This market is making companies ripe for the picking, Cramer said, starting with cosmetics maker Coty (COTY) - Get Report, which was up more than 19% on news it is in talks to acquire a number of Procter & Gamble's (PG) - Get Report "tired hair-care" brands.
How about Twitter (TWTR) - Get Report, Cramer's "ultimate mea culpa" stock of the year and a holding in his charitable trust portfolio Action Alerts PLUS? The stock is down and could go lower unless there's a takeover. Cramer's candidate? Google (GOOGL) - Get Report, another AAP holding.
Google's stock can't seem to get out of its own way, Cramer said. It's been flat since December 2013 and missed out on double-digit market gains. But Cramer said the tech giant could go up huge if it bought Twitter at a 20%-25% premium. Google could fire everyone and integrate Twitter's technology and user base into its amazing engineering and sales operations. It's a move he said could push Google to $700 a share.
How about Yahoo!? (YHOO) . Absent its investments in Yahoo! Japan and Alibaba (BABA) - Get Report, the company is valued at less than zero. So if you're Verizon (VZ) - Get Report, why stop at buying AOL (AOL) ? Just buy Yahoo! at $50 a share. Verizon would get its money back almost instantly while becoming a real player on the Web, Cramer said.
Cramer wants to see Qualcomm (QCOM) - Get Report buy Skyworks Solutions (SWKS) - Get Report, the best cellphone component maker on Earth. Why can't Coca-Cola (KO) - Get Report buy Monster Beverage (MNST) - Get Report, which now uses Coke's distribution system? Both stocks would go higher.
Under Armour (UA) - Get Report CEO Kevin Plank just solidified control with a new class of stock. Why not pay a 24% premium for Lululemon (LULU) - Get Report and get it for exactly where it was trading two years ago?
Kellogg (K) - Get Report needs to buy both major organic food players WhiteWave Foods (WWAV) and Hain Celestial (HAIN) - Get Report -- yes, both. Do that and Kellogg becomes the fastest-growing packaged-food company out there, he said. And for just $12 billion, Apple (AAPL) - Get Report, another AAP holding, could buy Harman (HAR) for a 50% premium and it could own the connected car, which is almost as good as owning the connected home.
Finally, why can't Johnson & Johnson (JNJ) - Get Report buy Bristol-Myers (BMY) - Get Report? Cramer said JNJ has so many good franchises and could just fire everyone other than the scientists working on BMY's fantastic cancer franchise, Cramer said.
Are these far-fetched? All these deals would produce instant spikes prices for the acquirers right now, just as we've seen with every takeover announcement so far in 2015.
Executive Decision: Timothy Walbert
The company has seven products in three market segments: primary care, orphan diseases and specialty treatments. Horizon makes acquisitions, buying individual drugs or entire companies and uses their commercial know-how to grow sales much faster than anyone could expect. Horizon still has plenty of cash to do more deals, Walbert said.
One critical growth drug has been Actimmune, which is in Phase III trials to combat severe malignant osteopetrosis and Chronic Granulomatous Disease, and is estimated to generate up to $500 million in annual peak sales.
As for the high cost of prescription drugs, Horizon Pharma has a program called "Prescriptions Made Easy" intended to do the right thing for the patient, Walbert said. He also wants to reduce the burden for physicians who have their prescriptions blocked or not paid for. If a patient is not covered, Walbert said, "we cover that cost." Physicians are able to write more prescriptions and do what they think is right for their patients, and Horizon gets more prescriptions and more revenue.
What's Next for Greece?
Who will fund Greece if it does go under? Will the Europeans kick Greece out of the euro zone at the insistence of Germany? Will China or Russia swoop in to fund Greece?
The people running Greece seem to think this whole thing will play out in fairy tale fashion, Cramer said. They don't seem to understand what happens when your country is a financial pariah. No one buys your bonds, at least not in this generation of lenders.
The consequences of default are murky at best. The European Central Bank will have to step up again to keep the Greek populace from starving or overrunning other countries when those fixed incomes either stop getting paid or default trying to stay in the Euro.
Right now, there's no plan, Cramer said. The people running Greece assume the rest of Europe will blink, and would rather send their economy into a death spiral than hurt anybody's pension. They're either insane or the best gamesmen in history.
Cramer's bottom line: Until there's a concrete plan in place for Greece, there will be a better opportunity to buy international stocks.
Off the Charts
Moreno pointed out that Salesforce began trading in a long triangle in February 2014 and this February broke above the resistance level.
Salesforce has been holding up and Moreno thinks its uptrend remains intact. The money flow index is very positive and trending higher, which combined with its optimistic relative strength index (RSI) leaves Cramer's chartist bullish on the company.
Cramer said that if Salesforce can break out of the top of its triangle, which it tested today, $80 a share is likely.
What can Moreno tell us about Apple? Cramer has said for a long time that this is a stock you want to own, not trade. Given that the stock's multiyear rally is off its 2013 lows, the stock is a textbook example of a technical advance. Cramer likes the stock's stepladder increases.
While Apple's been in a consolidation phase, Cramer said, technical analysis shows that the long-term uptrend is intact.
Apple shows a strong floor of support around $123.50, about $4 below where it's currently trading. The stock may trade a little lower in the short-term, but over time there's a reinforced level of support backed by two years of a similar foundation.
If Apple pulls back to $123.50, technical analysis and charts show that it could be a strong buy.
Executive Decision: Bob Carrigan
In his second "Executive Decision" segment, Cramer welcomed Dun & Bradstreet (DNB) President and CEO Bob Carrigan. Cramer said not to underestimate the ability of an old-school company to bring itself into the modern era. The stock is up 22% over the past year.
The company's database now includes information on more than 240 million companies in more than 220 countries and is updated five million times a day. Some 90% of Fortune 500 companies use its data insights and analytics daily. Carrigan said the Mad Men era is over and keeping data is becoming more important to chief marketing officers.
Nobody can touch our proprietary data and analytics, Carrigan said. It's available through best-in-class applications, including Salesforce, NetSuite (N) and Adobe (ADBE) - Get Report. The company is very engaged with small-to-medium customers, helping them grow and in touch with them all the time, he added.
Cramer said Dun & Bradstreet is a very exciting company and that excitement is generating profits.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, GOOGL, TWTR and WWAV.