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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for Monday's trading.
Synder's-Lance (LNCE) : Cramer's on record saying as being a big fan of Diamond Foods (DMND) back in June. Since then the stock has run 29% and today the company announced it's being acquired by Synder's-Lancein a deal worth $1.9 billion.
Cramer called the merger "brilliant" and noted the combined company will have the scale and synergies to become a real snack food powerhouse. It will also rake in tons of cost savings and have plenty of opportunities for expansion both domestically and internationally.
Better still, Cramer said the combined company itself may be a takeover target for the likes of Coca-Cola (KO) - Get Report , Mondelez (MDLZ) - Get Report or even Dr Pepper Snapple (DPS) , all of which would love a toehold in the snack food market.
Eaton (ETN) - Get Report : In an exclusive interview, Cramer once again spoke with Sandy Cutler, chairman and CEO at Eaton, which delivered a 3-cents-a-share earnings miss yet saw its shares surge 2.9%. Shares of Eaton currently trade at 12 times earnings and yield 4%.
Cutler said that business at Eaton is doing very well and he remains bullish on the aerospace and electrical markets going into 2016. The company is enlarging its restructuring efforts to get ahead of changing markets despite a weaker top line, and that will only strengthen their position going forward.
When asked for his thoughts about interest rates, Cutler thinks it's time to begin returning to more realistic rates, then begin talking about the elephant in the room -- responsible fiscal policy for our country.
Cramer said when the economy is coming back, stocks like Eaton are the place where you want to be.
AGCO (AGCO) - Get Report : In his second exclusive interview, Cramer spoke with Martin Richenhagen, chairman, president and CEO of Agco, the agriculture company that delivered a robust 27-cents-a-share earnings beat when it reported on Wednesday.
Richenhagen said the storm in the ag market is still blowing and he's not yet sure how 2016 will play out for his industry. Because of that, AGCO will continue to keep inventories low and cash flow strong until they get more clarity.
When asked about international markets, Richenhagen is bullish on China, saying that region continues to do well and Agco is gaining market share. He was far less optimistic about Brazil, which continues to be a difficult market under a horrible government that is cutting subsidies to farmers.
Cramer said he likes Richenhagen's straight-talk approach.
Cramer said he likes Richenhagen straight-talk approach.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.