Jim Cramer's Mad Dash: TQNT REMD MW JOSB

NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is fired up about some M&A activity to start the week. 

Shares of TriQuint Semiconductor (TQNT) are up roughly 20% on news that it will merge with RF Micro Devices (RFMD), which is 15% higher on the news. 

Cramer said the consolidation is a good move because Skyworks Solutions (SWKS) has been eating into their businesses. The merger will allow them to better compete, he added. 

Although shares are higher by about 4% on the news, if Skyworks Solutions does begin to sell off, he suggested investors buy on the weakness. He added that the company reported a strong earnings report last quarter and should continue to do well, despite the merger between RFMD and TQNT. 

In other M&A news, Men's Wearhouse (MW) upped its bid for Jos. A. Bank (JOSB) to $63.50 and possibly as high as $65 per share. 

"How can these two not get together?" Cramer wondered. 

The deal would leave Eddie Bauer, a potential acquisition target by Jos. A. Bank, out in the cold. But Cramer is "not a believer in the Bauer deal."


- - Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.

More from Opinion

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD