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Cramer: Bin Laden Death Could Up Consumer Confidence

Osama Bin Laden’s death could have a positive affect on the stock market, Cramer suggested Monday.

"This is the kind of event that actually does boost consumer confidence," the "Mad Money" host said, explaining he trades off of consumer confidence numbers. "I think that you will see a bump in consumer confidence."

Should consumer confidence numbers rise following the demise of the al Qaeda chief, Obama said retail names could benefit, including Target and Costco. He thinks higher consumer confidence could also offset unemployment numbers and high gas prices.

Elsewhere in the market, Cramer agreed with Goldman Sach’s upgrade of Alcoa to 'buy' from 'neutral.' He explained that Goldman dismissed the aluminum producer’s disappointing last quarter in light of how it could benefit from the aerospace new product cycle. After all, Cramer noted Alcoa is roughly 50 percent levered to aerospace. Allegheny Technologies and Precision Castparts are also benefitting from the aerospace product cycle, he noted.

Meanwhile, Cramer praised Citigroup's upgrade of Neflix to 'buy' from 'hold.' Citi said the company’s strong revenue growth is sustainable, as it could go from 23.6 million subscribers to 50 million by the end of 2013.

“This was such a bullish report that you came back and you said to yourself, you know what we ought to really look at this thing because maybe it is cheaper on a new metric,” Cramer said.

Finally, Cramer said suggested Amazon as a play on high gas prices. As the price for a gallon of gas continues to climb, he thinks more people will choose to buy goods online rather than drive to the mall.

Cramer talks with David Crane, President and CEO of NRG Energy. It all starts at 6 p.m. ET.


When this story was published, Cramer's charitable trust owned Alcoa.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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