Kohl's
Shares of Kohl's have popped 3% in 5 days after BMO said the department store could be a buyout target.
"If we are entering a period where the appetite for mega-deals grows, then we believe KSS could be a target company owing to its attractive valuation, debt levels and strong free cash flow," the investment bank said.
Cramer, however, sees no reason to run after this stock.
"I think you could get badly hurt buying up here if nothing happens. I would pass," he said.
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Best Buy
A recent report in the Minneapolis Star Tribune suggested that Best Buy founder Richard Schultze may still be looking at a buyout.
According to the report, "A source close to Schulze insists that the founder is working hard to acquire Best Buy."
Since speculation first hit the market about 2 months ago, shares have marched sharply higher – as much as 40%. But again Cramer just can't get behind the momentum
Now here's the rub on all 3 stocks.
"Would the Minneapolis Star Tribune really know what's going on? Would anyone?" asked Cramer. "Does BMO really have something beyond a thesis on Kohl's? Does a newspaper report really have the inside track on Atlas Copco's next move?"
All told, there are just too many questions and not enough answers for Cramer. Therefore, the Mad Money host sees no reason to chase any of these stocks.
"I just think there's too much rumor-mongering and too few facts for my taste," he concluded.