NEW YORK ( TheStreet) -- "Ben Bernanke isn't a liability to the market. He's the best central banker we could ask for," Jim Cramer told the viewers of his "Mad Money" TV show Monday. Cramer said the Federal Reserve chairman, who could've sent the markets in either direction today, gave a well-crafted speech that provided investors with a shopping bonanza.
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A Savvy BankIn the "Executive Decision" segment, Cramer spoke with Peyton Patterson, chairman, president and CEO of NewAlliance Bancshares ( NAL), a regional bank Cramer last recommended on April 4 at roughly where the stock trades today. He called NewAlliance a conservative, responsible lender poised to buy failing banks at steep discounts to their true values.
Know Your IPOIn this segment, Cramer featured Cloud Peak Energy, which is set to debut this week between $16 and $18 a share and trade under the ticker "CLD." He called the the company a giant winner with fabulous fundamentals that's priced just right. Cramer explained that Cloud Peak Energy represents the coal assets of Rio Tinto ( RTP), a company desperate for cash after its overpriced acquisition of Alcan back in 2007. He said while Rio Tinto will still own 48% of Cloud Peak and will be issuing $600 million in debt with the offering, the IPO is still a must own. Cramer said the Cloud Peak is a pure play on coal, and the company will become the country's premium coal producer. Most of the company's assets include the highly desirable low-sulphur coal, he said, and with China and India both hungry for U.S. coal exports, the prospects for Cloud Peak look promising for years to come. Cramer said investors need to pounce on this IPO at $18 a share or less, but he would not be a buying of the shares in the open market.
Transparency In DemandCramer welcomed Noah Gottdiener, chairman and CEO of Duff & Phelps ( DUF), to the show. Cramer last recommended Duff & Phelps on Nov. 9, when he explained that in an environment of low credibility, the company's third-party asset valuation services are in high demand. Gottdiener said that investors have been through a rough time in recent years, and are now demanding transparency. He said whether it's valuing companies or assets, it's always best to have an independent third-party auditor. That's why the top companies, hedge funds and mutual funds use their services, he said. Gottdiener said Duff & Phelps has also worked for the government, helping to audit the TARP securities so that the government gets a good value for the assets it is buying. He said that in bankruptcy proceedings, Duff & Phelps may be brought in by banks, creditors, the government or by any other interested constituent to help get the job done. Cramer said that Duff & Phelps is in a great position, is too cheap and needs to be bought.
Lightning RoundCramer was bullish on CPFL Energia ( CPL) and Aracruz Celulose ( ARA). He was bearish on Knight Trading Group ( NITE), Potash ( POT), Companhia Paranaense de Energia ( ELP), China Fire & Security Group ( CFSG) and International Paper ( IP). -- Written by Scott Rutt in Washington To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.