Tuesday Jim Cramer made some predictions about the stock market in 2016, while answering viewers' social media questions on the floor of the New York Stock Exchange Tuesday. Cramer said he wouldn't be surprised to see Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report and Chevron (CVX) - Get Chevron Corporation Report make some acquisitions.
Cramer was asked about technology companies IBM (IBM) - Get International Business Machines (IBM) Report and Hewlett Packard (HPQ) - Get HP Inc. (HPQ) Report . He said only about 28% of IBM's business is fast growing, and the company needs to make an acquisition to spur growth. He's not interested in either Hewlett Packard or its spinoff, Hewlett Packard Enterprise (HP) - Get Helmerich & Payne, Inc. (HP) Report , until he sees a couple of quarters of earnings. He says the printer and PC business should buy Lexmark (LXK) .
A viewer asked whether to hold Rite Aid (RAD) - Get Rite Aid Corporation Report , and Cramer said he's not sure if its deal with Walgreens (WAG) will win approval, but if you want to be an arbitrageur, you hold onto it.
Cramer was asked if he could start a new position in either Disney (DIS) - Get Walt Disney Company Report or Apple (AAPL) - Get Apple Inc. (AAPL) Report , which would he choose? He likes Disney because it has some catalysts ahead of it, while Apple does not, he said.
Cramer was asked about Bank of America (BAC) - Get Bank of America Corp Report , which he says could go to $20, depending on the course of future interest rate increases by the Federal Reserve. More aggressive rate increases would benefit the bank.
Cramer also commented on Blackstone Group (BX) - Get Blackstone Group Inc. Class A Report , saying he likes the stock, and Iron Mountain (IRM) - Get Iron Mountain, Inc. (IRM) Report , which he said he doesn't want to touch. A viewer asked about Goodrich Petroleum (GDP) - Get Goodrich Petroleum Corporation Report , and Cramer responded that he is currently working on a piece about the company, so "stay tuned."
Another viewer asked about Kinder Morgan (KMI) - Get Kinder Morgan Inc (KMI) Report . Cramer said the company's CEO, Richard Kinder, let investors down by cutting the company's dividend, so he can't recommend buying it.
Cramer is portfolio manager of Action Alerts PLUS and host of CNBC's "Mad Money." You can send your questions to Cramer on his Facebook page, or on Twitter, where he's @jimcramer. Use hashtag CramerQ.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS was long LLY, AAPL and BAC.