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NEW YORK ( TheStreet) -- Merger Monday is back, Jim Cramer told his Mad Money viewers, highlighting just two of the many deals that caught his eye as win-wins for shareholders.
Cramer said LabCorp's (LH) bid for the drug testing and research company Covance (CVD) will likely reignite consolidation in the health care and drug sectors. Shares of Covalence were up over 25% on the news.
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Then there was the acquisition of Sapient (SAPE) by the French-based Publicis, news that sent those shares skyrocketing 42% on the day. Cramer said this deal will force the markets to take a look at the entire social media marketing space, deeming the entire group as undervalued.
Cramer reiterated his buy recommendations on both Facebook (FB) and Google (GOOGL) , two stocks he owns for his charitable trust, Action Alerts PLUS. He also reiterated that Twitter (TWTR) , a third Action Alerts PLUS name, needs to get its act together, and quick.
In the end, Cramer said all of the social media names are helping companies deal with the explosion of content that's now being generated every day by consumers. He said SapientNitro, just one of Sapient's offerings, was likely the real target of Publicis and likely won't be the last in this space.
Executive Decision: David Steiner
For his "Executive Decision" segment, Cramer spoke with David Steiner, president and CEO of Waste Management (WM) , which just posted a 4-cents-a-share earnings beat. Shares of Waste Management sport a 3.1% dividend and are up 7% since Cramer last checked in back in July.
Steiner said his company's performance today stems from a full 10 years of work to build a management team that can get the job done. Investors are now seeing the fruits of that labor. Waste Management is not trying to build an empire but shareholder value, which the company aims to do every quarter.
When asked about the pricing strategy, Steiner explained that when you lower trash prices, people don't generate more trash, so there really isn't an incentive to be the lowest-cost provider. He said it's much better to set prices based on inflation and go from there.
Turning to the economy, Steiner said we haven't seen a housing-led recovery so far, which means many of the commercial projects that are typically built to support new communities just haven't begun to ramp up just yet. He does expect a stronger 2015 and 2016 however.
Finally, when asked about falling oil prices and how that affects his company's fleet of natural gas-powered vehicles, Steiner said the economics still favor natural gas and that's what customers expect, so the company plans on continuing in that direction.
Cramer said that Waste Management continues to have consistent gains, a good yield and should have a good year in 2015.