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Cramer's March Madness: Top eastern stock picks

MM's bracketology: Villanova, UVA = 3M, Orbital ATK

As many Cramericans will be spending time carefully crafting their NCAA college basketball brackets on Monday night, Jim Cramer will also be crafting his bracket—"Mad Money" style!

Now that Cramer has ticked off his top winners in the southern region, he unveiled his top picks for the tournament within the East region.

The top dog of the East for Cramer is the Villanova Wildcats. The secret to the teams' success thus far is its balance, which in many ways reminds him of 3M. This company makes boatloads of products, yet somehow has an impressive ability to balance them across many divisions.

Ryan Arcidiacono #15 of the Villanova Wildcats dribbles the ball during the Progressive Legends Classic college basketball game against the Virginia Commonwealth Rams at the Barclays Center on November 24, 2014 in the Brooklyn borough of New York City.
Mitchell Layton | Getty Images

Additionally, both Villanova and 3M are very consistent. Villanova has a combined record of 61 wins and only seven losses, and 3M has never strayed from its expected earnings per shares by more than 1.5 percent.

The second seed of the East is the University of Virginia Cavaliers, which reminds Cramer of Virginia-based Orbital ATK. Both UVA and Orbital have recently appeared back on to the scene after several years of being irrelevant.

"At the end of the day this is a team that's 29 and 3, and none of those three losses were by more than six points. By the same token, Orbital ATK doesn't get enough credit from Wall Street," said the "Mad Money" host.

Cramer also has a few lower-seeded picks on his radar, some that could be considered speculative picks but sneak up on you when you least expect it.

For instance, Louisiana State University reminds Cramer of Halyard Health. LSU is preparing for its return to the NCAA tournament for the first time since 2009, just as Halyard is preparing for a new return to the market after being spun off by Kimberly-Clark last year.

Next up is a pair-up between Louisville and Chipotle; both have top quality success under their belts but have also recently been put under the microscope for disappointments.

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"Still, I think Chipotle's a terrific buy here, and I wouldn't count out Louisville either," Cramer added.

So, while some may spend hours putting together their March Madness brackets, Cramer pointed out that you could make a fortune if half of that time was spent researching stocks like 3M, Orbital ATK or Chipotle. You may even make a heck of a lot more money that way, too.

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