Ralcorp also gives ConAgra a bigger presence in restaurants, noted Rodkin. His company already provides McDonald's ( MCD) with potato products but now gets to add griddle items. In all, Rodkin expects $225 million a year in synergies from the acquisition, much of that in procurement costs. When asked about the health of the consumer, Rodkin said that, overall, consumers are still looking for quality products that represent good value, which is what ConAgra's branded products, and now Ralcorp's private-label products, provide for customers. Cramer said plainly that ConAgra's stock is heading higher.
In the Lightning Round, Cramer was bullish on Pfizer ( PFE), CVR Energy ( CVI) and Southwestern Energy ( SWN). Cramer was bearish on Permian Basin Royalty Trust ( PBT), Research In Motion ( RIMM), Abercrombie & Fitch ( ANF), Wendy's Company ( WEN), McDonald's ( MCD), Dynavax Technologies ( DVAX) and Fuel Systems Solutions ( FSYS).
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the chart of Banco Santander ( SAN), Cramer's barometer for the health of the European economy. According to Collins, the daily chart of Santander is beginning to show signs of a major move higher. He noted a bullish divergence in the stock's relative strength (RSI) and stochastics (STO) indicators as it has been forming a rounded bottom pattern. Collins also noted the TRIX, or triple exponential moving average, is also displaying a bullish crossover. The last two times that event occurred, Santander rallied 13% and 26%. Santander's weekly chart also shows promise, according to Collins. He said the stock's latest rounded bottom is different from the previous two as this time the stock has been trading sideways, not lower, in a flag formation. Collins felt that starting half a position now in Santander would be in order, with the second half coming as the stock trends over $8 a share. Cramer was in agreement with Collins' research, saying that if Santander rallies, it may take the rest of the Spanish economy with it.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the tale of two retailers, Best Buy ( BBY) and Amazon.com ( AMZN). Cramer said that while Best Buy's founder is looking to raise billions of dollars to take his beleaguered company private at what will likely be sky-high interest rates, Amazon was quietly able to issue three-, five- and 10-year bonds at the super low rates of .74%, 1.3% and 2.6% respectively. Why the difference? Cramer said it all comes down to execution. Best Buy is a faltering enterprise, he noted, while Amazon continues to grow into an ecommerce powerhouse that doesn't need millions of dollars of stores or staff to sell the same goods at better prices. He said Best Buy might not make it as a retailer, as he can't think of anyone foolish enough to want to invest in the ailing company. Meanwhile those who invested in Amazon's bonds are probably making a very wise investment. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC