Cramer: Top 7 heavy hitter plays on Greece

Jim Cramer is amazed at what happens in the market when investors stop worrying about Greece. When the drama is finally quiet, cheap stocks are allowed to shoot through the roof.

"What shines through is a core group of very strong stocks with good fundamentals that can go higher, either because they are relatively cheap or they have tremendous growth," the "Mad Money" host said.

Cramer broke down this list of these golden stocks:

No. 1 Classic growth stocks in good shape: Disney is the key stock for this entire group. Its latest quarter was amazing; it has superior growth in a world where growth is hard to find. Starbucks and Nike are also winners in this group, and if Greece is solved when Nike reports this week, it could give earnings a nice boost when the dollar goes lower.

No. 2 The banks: When the Greek situation gets better, interest rates in the U.S. go higher. That is because money will stop flowing into U.S. treasuries, which will cause bond prices to fall and bond yields to rise. The good news is that when rates go higher, banks make more money from client cash deposits. Cramer's winners in this group are Wells Fargo and JPMorgan.





A man waves a Greek national flag while standing at the premises of the parliament building during a rally in front of the parliament building calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece, June 22, 2015.
Yiannis Liakos | Intimenews | Reuters
A man waves a Greek national flag while standing at the premises of the parliament building during a rally in front of the parliament building calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece, June 22, 2015.

No. 3 Technology: This group will do better because Greece will finally stop crowding out bullish long-term themes like the Internet of things, or the social and cloud revolution. Cramer sees that the current moves in tech are driven by the consolidation in the semiconductor space, such as Avago and Skyworks, which are all about connecting cars, homes and video in a way that wasn't possible before.

Other winners of the tech group for Cramer are Apple, Facebook, Amazon and Google.

No. 4 Drug & biotech stocks: This group has so many inventions in the pipeline—and is full of takeover activity—that it has no choice but to do well. Cramer has his eyes on Epizyme, Celgene, Amgen and Regeneron.

And don't forget about the junior biotechs, too! Receptos and BioMarin have been on fire lately with their breakthrough drugs.

No. 5 Industrials: When investors hear the word industrial, they should think of PPG, Dow Chemical, Boeing, General Electric and Honeywell. They have all been held hostage to the potential European slowdown, thanks to a weak euro. With Greece settled, Cramer wouldn't be surprised to see better than expected guidance from these companies.

No. 6 Consumer packaged goods & apparel: This group was also hit hard from a weak euro. Cramer suggested buying Procter & Gamble, continuing to hold PepsiCo and bet that VF Corp, PVH and Ralph Lauren will have a comeback.

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No. 7 Takeover stocks: The stocks that are vulnerable to a takeover will run strong. Cramer saw it with the HMO stocks on Monday, with Anthem bidding for Cigna, and Energy Transfer Partners going after Williams. These could be huge potential deals and the right solution for companies that want growth.

"Let's not forget that the moment the Greek deal is done and we get some stabilization in Europe, that will be the Federal Reserve's chance to take action. It won't have to worry about upsetting the international apple cart," Cramer said.

Ultimately, Cramer thinks that those stocks that have been held back by the stock market because of European events are getting ready to blow. So, once Europe is finally out of the spotlight, it could be a good time for the bulls to make an appearance.

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