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Cramer Remix: Win-win deal overshadowed by AT&T and Time Warner

Cramer Remix: Win-Win deal overshadowed by AT&T and Time Warner

The AT&T and Time Warner deal may have taken center stage on Monday, but Jim Cramer had his eye on a host of other deals that made more sense to him.

One deal that made a ton of sense to Cramer was Qualcomm's purchase of NXP Semiconductors. Qualcomm is too tied to the cellphone, and NXP Semiconductor could provide significant diversification in the internet of things and big growth area of autos, Cramer said.

"Qualcomm's stock has gone higher the whole time these talks have gone on, which is a tremendous sign and one that shows you it's another win-win scenario," the "Mad Money" host said.

So, while the AT&T and Time Warner deal might be a sexy headline, it's the tidal wave of other deals that matter to Cramer.

Dean Mouhtaropoulos | Getty Images

Cramer says a vicious battle between the three stock markets on Monday affected investors' money.

The first is the stock market that seems heavy each day, subject to the perspective of investors who think stocks are overvalued, or weak hands that sell based on what move the Federal Reserve will make. The second is the overvalued stocks that no one can live without, like Facebook or Alphabet.

The third is actual living, breathing companies that are working hard and are not subject to the gloom of the Federal Reserve, like the potential merger between AT&T and Time Warner.

"It's a panoply, an upsetting one at times, but we are stuck with it. Rather than denigrating this market, though, I think today was a lesson in patience," Cramer said.

Just two years off the heels of dishing out $67 billion for DirecTV, AT&T agreed to pay $85 billion for Time Warner. That's $152 billion in deals in two years, a bold move that Cramer interpreted as meaning that perhaps AT&T is worried that its business is going away.

"It seems to smack of existential crisis, doesn't it?" the "Mad Money" host said. "Maybe the result of T-Mobile and Sprint taking away cellphone customers, while Facebook and Google take targeted advertising dollars from their TV offerings."

Anne Hawken | Getty Images

Cramer says one of the hottest themes on Wall Street is not stemming from complicated investing theory or sophisticated spreadsheet calculations — it's coming from your selfie stick.

On average, approximately 1 million selfies are taken every day for individuals in the 18-to-24-year-old demographic. On Instagram alone, there are 58 million photos with the hashtag of selfie.

"The truth is, vanity has always been the kind of theme you can bank on, but thanks to technology it has gone into overdrive," Cramer said.

Outside of social media companies themselves, Cramer pointed to Allergan, Align Technology, e.l.f. Beauty and Ulta Beauty as winners.

Supermarket and packaged food companies have been hammered this year, thanks to food deflation. However, B&G Foods has been steadily growing its business via a smart series of acquisitions, and the stock has been rewarded, up 40 percent for the year.

B&G Foods got its groove back in late August of last year when it started buying high-quality brands that were being neglected by their parent brands. It bought New York Style and Old London snacks from Chipita, followed by TrueNorth nut clusters and Pirate's brands, the maker of Pirate Booty, for $195 million.

"If you are looking for a safe investment in the beleaguered food space, I think B&G Foods is the way to go," Cramer said.

Cramer recommended to leg into the stock cautiously, as it reports on Thursday and the expectations are high for the company. Buy some before the quarter, and then wait and see how the quarter goes, he said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

MGM Resorts International: "That is Jim Murren, he is a fabulous CEO. We have been behind him ever since he started there. We also like the real estate investment trusts."

Teladoc: "No, stay curious about it, but don't pull the trigger. Why? Because there is too much competition."