Then the Mad Money host talked about Hess.
On Monday Hess announced plans to quit the retail gasoline business and instead focus on exploration and production. The company, with a market capitalization of about $23 billion, also said it would buy back up to $4 billion of its stock and increase its annual dividend to $1 from 40 cents, beginning July.
These developments also unlock value.
And don't forget Transocean. Carl Icahn has been putting pressure on Transocean to unlock shareholder value. "Today RIG announced a $2.24 dividend," Cramer explained. And Icahn told CNBC it was too little too late. "I bet we aren't done with that one," Cramer said.
Value.
--------------------------------------------------------------------------
More from Mad Money with Jim Cramer
Game Plan: What's On Cramer's Radar?
Home Depot or Lowe's - The Better Recovery Play?
5 Dow Dynamos Should Drive Dow Further
--------------------------------------------------------------------------
Or how about Yahoo! "I have become a huge fan of what Marissa Mayer is doing at Yahoo!, nothing but a wholesale remake of their culture while bringing out huge amounts of value," Cramer added.
Since Mayer has taken the helm, shares of Yahoo! have marched sharply higher. Again value.
All told, Cramer said the market is bringing out value in a myriad of ways and it's reasonably to believe that trend should drive stock prices further.
"With so many people, including the great Warren Buffett finding opportunity in the market," said Cramer, it would be a mistake to become preoccupied with the headwinds. "It isn't just that American stocks represent the best values on earth it's that American business keeps bringing out those values."