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.
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.