Jim Cramer's Mad Dash: Clorox Cleans Up Its Act; Monster Beverage Undervalued

NEW YORK (TheStreet) -- Shares of Clorox (CLX) are higher by roughly 8% on Monday morning, following news that the company will pull its business operations out of Venezuela

On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said that rumors of a possible takeover for Clorox are also likely adding to today's rally. 

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While the company has recently added a new CEO, it's unclear where its future growth with come from. However, it's very good that the company is pulling out of Venezuela due to losses stemming from currency issues, he said. 

Clorox needed to bite the bullet, Cramer explained, and many other companies should too. If Procter & Gamble (PG) got out of Venezuela, the stock would go to $90, he said. 

Turning to Monster Beverage (MNST) , Cramer suggested that the company still has a lot of growth opportunities, especially now that it has access to Coca-Cola's (KO) distribution systems. 

Coca-Cola may continue to add to the recent stake it took in Monster Beverage, while Monster should continue to benefit from lower gasoline prices and higher convenience-store sales. 

"Monster goes much higher," Cramer concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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