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NEW YORK (TheStreet) -- The positive side of the Greek default crisis is it will keep the Federal Reserve from raising interest rates, Jim Cramer asserted to his Mad Money viewers Tuesday. So with that in mind, Cramer said now is a good time to dream about takeovers.
This market is making companies ripe for the picking, Cramer said, starting with cosmetics maker Coty (COTY), which was up more than 19% on news it is in talks to acquire a number of Procter & Gamble's (PG) "tired hair-care" brands.
How about Twitter (TWTR), Cramer's "ultimate mea culpa" stock of the year and a holding in his charitable trust portfolio Action Alerts PLUS? The stock is down and could go lower unless there's a takeover. Cramer's candidate? Google (GOOGL), another AAP holding.
Google's stock can't seem to get out of its own way, Cramer said. It's been flat since December 2013 and missed out on double-digit market gains. But Cramer said the tech giant could go up huge if it bought Twitter at a 20%-25% premium. Google could fire everyone and integrate Twitter's technology and user base into its amazing engineering and sales operations. It's a move he said could push Google to $700 a share.