NEW YORK ( TheStreet) -- "Some things make the markets go higher, some things make the markets go lower," Jim Cramer told the viewers of his "Mad Money" TV show Monday. In the case of today's special election in Massachusetts, Cramer said if the Republicans win, the markets are headed decidedly higher. Cramer called today's rally "the rally from tomorrow," as he and many expect a Republican upset in the Massachusetts Senate race. What does a Republican win mean for the markets? Plenty, he said.
High on IntelIn the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the chart of Intel ( INTC), a stock which sold off sharply last week after reporting better than expected earnings. Fitzpatrick noted that after trading in a narrow range for quite some time, Intel ran up ahead of its conference call, triggering investors to sell off on the news. He said the same thing happened in October, ahead of the company's third-quarter results. However looking at the larger picture, Fitzpatrick noted that Intel is seeing higher highs and higher lows, and he feels the stock is a buy under $20 a share. Cramer agreed with Fitzpatrick whole heartedly, proclaiming himself an "Intel-a-holic." He said that at no point in history has the company been in better shape, or he more bullish on the stock, which is why he owns share for his charitable trust,
Smart-Grid PlaysThere's been a lot of talk recently about upgrading the country's electrical grid to so-called "smart-grid" technology that would allow utilities to manage the way they deliver power thanks to two-way digital communications. But can investors make money off the technology? Cramer said they can. On Oct. 19, Cramer highlighted smart power meter manufacturer Itron ( ITRI). Since then, the stock has risen 27%. But Cramer said there's also another way to play the smart-grid market with Cooper Industries ( CBE), a stock which he owns for his charitable trust,
Speculative Energy PlayContinuing on his smart energy grid theme, Cramer recommended little known Telvent ( TLVT), as a speculative way to play the coming smart-grid revolution. Like its rival Itron, Telvent also makes smart energy meters, but the company also has a pastiche of other businesses, including oil and gas delivery, transportation and agriculture systems. Cramer said Telvent has its hands in everything that is the future, and should do well as the U.S. builds out its energy and natural gas infrastructures, and as agriculture strives for even greater efficiencies. With a $5.1 billion backlog of future sales, Cramer said Telvent will also benefit from more and more federaql stimulus money. The company trades at just 13 times its earnings, but has a 16% long-term growth rate. Cramer said he hasn't recommended Telvent in the past because the company was largely owned by a Spanish conglomerate. However he said that conglomerate recently divested part of its position and currently owns only 40% of the company. Trading at just off its 52-week high, Cramer said Telvent is one speculative stock worth a second look.
Lightning RoundCramer was bullish on Eli Lilly ( LLY), Chipotle Mexican Grille ( CMG), Travelers Companies ( TRV), Celgene ( CELG), Allos Therapeutics ( ALTH), Immunogen ( IMGN) and Cisco Systems ( CSCO). He was bearish on eBay ( EBAY), Hartford Financial Services ( HIG), Emergent BioSolutions ( EBS) and Eastman Kodak ( EK).
Final NoteCramer said that Apple ( AAPL), a stock which he owns for his charitable trust,