Jim Cramer's Top Stock Picks: LMT MPC ACT

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NEW YORK (TheStreet) -- Here are some of the hot stocks Jim Cramer talked about on Wednesday's Mad Money on CNBC:

LMT Chart
LMT data by YCharts

Lockheed Martin (LMT) : With the Republicans back in charge in the Senate, Cramer said defense spending should be on the rise, and that means buy Lockheed, a stock that's already up big on the year.

MPC Chart
MPC data by YCharts

Marathon Petroleum (MPC) : Cramer said Marathon remains his favorite among the oil refiners and is one of the few companies benefiting big from falling crude oil prices.

ACT Chart
ACT data by YCharts

Actavis (ACT) : Investors looking for a great drug maker can stop looking when they come across Actavis, Cramer said.

To read a full recap of "Mad Money" on CNBC, click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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-- 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

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

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