Although there was more than $50 billion in takeover activity Monday, the market didn't take off, Jim Cramer said on his
"RealMoney" radio show Tuesday.
That's because the takeovers were in the mineral, steel and real estate industries -- places where market players don't need the stocks to go higher, he said.
However, there are "a series of anointed stocks" here, which are going higher and should continue to do so, he said. Among them are
New York Stock Exchange
, Cramer said.
"This is where the money is being made," he said. "It's not only on takeovers, but on earnings" as well, and it's not too late to pick up and buy these plays.
For those who believe the market is running out of steam, this is not true, Cramer went on to say. "It is only taking a little breather."
Use any weakness to get in this market, he advised. The infrastructure, energy and diversified industrial stocks are all going up. "This is a market that cannot be kept down," Cramer said.
Also, although stocks like Google, NYSE, MasterCard,
, the latter two which Cramer owns for his charitable trust,
Action Alerts PLUS, may look like they are expensive, they are not, he said.
For one, the NYSE has gone up 10 points in a week. Cramer said he wants listeners to think about the money they could be making with this stock. It is doubling just like MasterCard did, and if it were valued as the
is, it would be worth $250, he said.
Please make the move and get into Sears, MasterCard, the NYSE, Google or Goldman, Cramer urged.
Ready for Takeoff
"The airlines are ramping furiously," Cramer said.
Out of these stocks, Cramer said his favorite has been
. Also, he called
a "terrific company" and said it is going up.
Moreover, Cramer believes that the airlines are not going to quit for the rest of the year because they are in acquisition mode.
"There are so many ways to win," he continued. "This market is going higher."
Although hardware retailer
was downgraded by analysts and had a bad quarter, the stock did not go down, said Cramer.
This tells him one thing -- that "the worst is over for Lowe's, just as the worst is over for homebuilders."
Lowe's is "hated," but it went up after reporting a bad quarter because people are being too negative, he said. "It is done going down," Cramer said.
In addition, two stocks, which are up about $4 each and deserve a closer look are
, Cramer continued.
Cramer believes that Deere is going up because of how the agriculture market is performing and that it has "a monster short position that isn't working out." Cramer recommended taking some Deere off the table, as "it has had a miracle run."
"Ring the register on half of your position if you bought it on my recommendation," he said. "But, don't sell it all."
But Cramer advised against selling Medtronic, saying the stock is "finally going to start rolling" after reporting a good quarter.
has a lot of room to grow, Cramer told a caller.
He said he endorses it, as well as
, which he called a "terrific" hardware and software company.
When a listener inquired about breast implant company
, Cramer said he'd rather see market players in
, which is best of breed and has a lot of support from the dermatological industry.
Next, a caller asked if he was being a hog by hanging onto
, even after making a good profit with it. Cramer was quick to say no.
Apple is going to $100 a share and is an "incredibly good company," he said. "If people don't own Apple here, they are going to miss the run from $87 to $100."
is a holiday stock Cramer said he also likes because he believes that consumers are likely going to be shopping online this holiday season.
Responding to his next caller, Cramer said he feels like he's made market players enough money with
Further, he said he cannot have people giving that money back to the market. Therefore, Crocs is no longer a stock he is going to be bullish on for his show, he said.
As Cramer believes that
is too big a company to be affected by one product, such as PlayStation, he told another caller that the company is going to have to break itself up to create some value for its shareholders.
Cramer was not yet ready to recommend Sony.
At the time of publication, Cramer was long Sears Holdings and Goldman Sachs.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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