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NEW YORK (TheStreet) -- A year ago, Office Depot (ODP) - Get Free Report and OfficeMax (OMX) merged in the face of competition from Amazon (AMZN) - Get Free Report , Costco Wholesale (COST) - Get Free Report and Walmart (WMT) - Get Free Report

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, suggested on Tuesday's segment of CNBC's "Cramer's Stop Trading" that a merger between Office Depot and Staples (SPLS) would be a good idea.

Watch the video below for more on Office Depot's latest quarterly results:

A deal would be "something to cheer for," Cramer said, although he said getting regulatory approval would be tricky because of antitrust issues.

Meanwhile, shares of Office Depot were up 20% late Tuesday morning on better-than-expected third-quarter results.

Cramer also touched on oil prices as West Texas Intermediate slid lower on Tuesday. Oil is down almost 3% to $76.65 per barrel. The lower price is bad for some companies, he concluded, but overall, it's good for the economy and consumers. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.