For those investors looking for ideas, Jim Cramer has found one activist investor out there who could light the way. Nelson Peltz is the one activist who Cramer says investors could piggyback after he announces his investment in a stock.
"Unfortunately, there is only one, because when these activists announce they have taken a position in a company, that stock tends to spike, which means that you will rarely ever be able to get shares at the same price as the hedge fund you are trying to follow," the "Mad Money" host said.
But when it comes to Trian Partners, the company Peltz runs, Cramer found that it is so good at helping companies unlock value, it's worth paying a Peltz premium for some of the companies that work with him.
That is why Cramer went through Peltz's portfolio to take a look at what holdings might be worth buying into in the current environment. Mondelez is a combination of many household brands that includes Oreos, Chips Ahoy, Triscuits and Ritz Crackers, among many more.