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NEW YORK (TheStreet) -- "Give me a good thesis and I'm a buyer," say the money managers, according to Jim Cramer. He said on Mad Money Monday the money managers are desperate for new ideas and need to put their money to work. Fortunately, the markets are giving them plenty to like.
Technology is a logical place money managers look, Cramer explained. Apple (AAPL) shares are rising, and that's good news for Skyworks Solutions (SWKS) , Western Digital (WDC) and Sandisk (SNDK) along with Cisco Systems (CSCO) .
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What about the Internet stocks and social media? All of the restaurants and retailers are moving their advertising to the Web, which makes Facebook (FB) and Google (GOOGL) , two stocks Cramer owns for his charitable trust, Action Alerts PLUS, a safe bet.
Many investors have given up on the banks, Cramer said, but stocks like Bank of America (BAC) , another Action Alerts PLUS holding, up only 10% for the year, show the whole banking sector remains very cheap.
Cramer said money managers also have a lot to like in health care, with Cardinal Health (CAH) and biotechs like Celgene (CELG) leading the charge. Even the industrials are inexpensive, Cramer said, and the expectations for that group remain very low.
As for energy, the energy stocks have been getting pummeled, but one would have to believe that OPEC will be cutting oil production soon and allowing a floor to develop in the oil patch.
Add all these positives and you've got a recipe for higher stock prices going into 2015, Cramer concluded.
What does a CEO have to do to quell the discontent of activist shareholders? That was the question Cramer posed after hearing that Dow Chemical (DOW) is yielding two of its board seats to activist investor Dan Loeb's hedge fund.
Cramer called the smear campaign to obtain these board seats vicious and totally uncalled for. Dow, an AAP holding, is up 18% so far in 2014 and is leading the chemical sector higher.
While it's true that Dow stumbled during the onset of the recession and did cut its dividend, a move its CEO said would never happen, Cramer noted Dow has been climbing for the past three years and has done a remarkable job restructuring, boosting its dividend and buying back its own stock.
Cramer said in the old days, when a hedge fund didn't like a company it sold the stock. Nowadays, the hedge funds are powerful enough to force change, even if change is not warranted. Activsts are going after Zoetis (ZTS) , a stock that's up 36% in 2014, and Pepsico (PEP) , up 19%. Why not go after Coca-Cola (KO) , which is only up 7% and shows no signs of turning around, Cramer asked?