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NEW YORK (TheStreet) -- It's another tale of two markets, Jim Cramer told his Mad Money viewers Thursday. One market has companies involved in mergers and takeovers, and that market is thriving. The other market is being held hostage by events overseas, and those stocks are wilting.

On the plus side, there were a number of analyst upgrades boosting the stocks of Chipotle Mexican Grill (CMG), up 2.7%, and Ralph Lauren (RL), up 2.8%. There was also product news from GoPro (GPRO) that sent that stock up 6.6%.

Also, there are the takeovers, deals that are both necessary and often brilliant as companies take control of their destinies. Such was the case with chipmaker Avago (AVGOsnapping up Broadcom (BRCM). That deal only makes Avago more competitive against rival Skyworks Solutions (SWKS). Also this week was Charter Communications (CHTR) buying Time Warner Cable (TWC) in a bid to snap up more customers into its broadband monopoly.

The markets are rewarding these deals, Cramer concluded, and if you're a shareholder in any of these companies, you're being rewarded as well. As for those other stocks being held hostage by currencies and fears of a collapse in Greece, leave those to the day traders.

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