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NEW YORK ( TheStreet) -- What's bad for everyone else might actually be good for us, Jim Cramer told his Mad Money viewers Monday after a mixed day on Wall Street. Cramer said this morning's losses and afternoon's gains prove that not all markets need to trade in tandem.
The markets initially fell on news that Japan is slipping back into recession, Cramer noted, but by the afternoon those early losses were gone, replaced by several notable gains. Why the change of heart? Cramer said it's because of a "failure of parallel thinking" on the part of money managers that prevents them from seeing the the U.S. is currently in a league of its own.
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Then there are the biotechs, Cramer noted, with stocks like Regeneron (REGN) proving they don't need Europe or Japan to reach new highs. Neither does the primarily U.S.-focused Tyson Foods (TSN) , which delivered a solid upside surprise in today's session.
Yes, Europe, Russia and now Japan remain concerns for the markets, Cramer admitted, but that doesn't mean all of our stocks need be held hostage. As today's market proved, there's plenty of U.S good news to cast a shadow on any morning weakness.
Why Marathon Petroleum Should Buy CST Brands
Merger Mondays are clearly back in vogue, Cramer told viewers. So he put on his matchmaker hat and made a case for why his favorite oil refiner, Marathon Petroleum (MPC) , should buy CST Brands (CST) , which owns and operates 3,000 gas stations across the U.S. and Canada.
Cramer reminded viewers they should never invest on takeover rumors unless a company's fundamentals are sound, something that is certainly the case with CST. He explained that CST actually makes more money when gas prices fall because consumers have more money leftover to buy food and other necessities. That's especially good news for CST, which is rolling out a new, expanded convenience store format. CST is also moving into private-label products, which are helping to further boost the company's gross margins.
As for Marathon, this company has already made successful gas station acquisitions and knows exactly how to integrate CST to take full advantage of the synergies as well as increase sales even further.
Cramer said based on similar deals, he thinks CST could fetch as much as $4.8 billion, or $53 a share, leaving investors with a 26% premium from today's prices.