NEW YORK ( TheStreet) -- After six straight weeks of market gains, Jim Cramer told viewers of his "Mad Money" TV show, that the latest push that sent the Dow above 11,000 came from analysts who were late to the party finally getting on board. Cramer said there's a time honored tradition on Wall Street of financial analysts being late to game. He said that could clearly be seen today, as literally dozens of stocks were upgraded by analysts, most of them at their 52-week highs.
Sunoco Next?With convenience store chain Casey's General ( CASY) recently receiving a lucrative takeover bid, Cramer said that Sunoco ( SUN) may be the next company to be acquired. Cramer said the convenience store business is all about scale. The bigger you are, the more money you can make. That's why Sunoco's 4,711 gas stations and convenience stores may be so attractive. Cramer said the Casey's deal valued each of their locations at $1.3 million a piece, which makes Sunoco a situation where the parts are worth far more than the whole. Sunoco's market cap is only $3.6 billion, but the company consists of oil refining, which is 52% of sales, a pipeline component, 13% of sales, and metallurgical coal, 2% of sales, with the remaining 33% being their retail locations. Cramer said the breakup value of each of these components could be huge for the company. Of the analysts who cover the company, only one gives it a buy rating, with 11 holds and three sells. Cramer said that Sunoco is definitely a buy before Wall Street realizes the true value of hidden gem.
Worth Every Penny"A CEOs worth is determined by a whole lot more than his company's share price," Cramer told viewers, as he highlighted two men, whom he anointed the most underpaid CEOs in the world. In a world where executive compensation is coming under constant fire, Cramer said that Alan Mulally of Ford ( F) and Howard Schultz of Starbucks ( SBUX ) are worth every penny for their amazing ability to build news companies out of the ashes of their former selves. Cramer said that Mulally earned his $17.9 million salary in 2009 for taking Ford shares up 337%, all while the entire auto industry was left for dead. Mulally not only cleaned up Ford's balance sheet, he restructured $10 billion in debt and didn't take a dime from the government to do it. Likewise with Schultz at Starbucks. Cramer said he earned his $15 million salary in 2009. Cramer said Starbucks shares have soared 144%, dramatically outperforming the markets. Schultz closed underperforming stores, introduced new store designs and returned the company to its roots of providing great hospitality. Starbucks' same store sales have increased from 1% to 4% as a result, said Cramer. Cramer said that both took broken companies and make them great again. He said the large stock option packages should not be seen as taking advantage of shareholders, but rather as a sign that the CEOs have performed dramatically better than even the company's own compensation committee felt they would. "These guys are worth every penny," said Cramer, "and more."
Mad MailCramer told a viewer that Visa ( V), a stock which he owns for his charitable trust,
Lightning RoundCramer was bullish on Triquint Semiconductor ( TQNT), AK Steel Holding ( AKS), United States Steel ( X), Walter Industries ( WLT), Akamai Technologies ( AKAM), Hawaiian Electric ( HE), Manitowoc ( MTW), Weatherford Int'l ( WFT) and Dendreon ( DNDN). He was bearish on Devon Energy ( DVN), Inverness Medical ( IMA) and Nabors Industries ( NBR). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.