A recent merger has Cramer looking at a very niche area of the industrials. And he's found something intriguing.
Even with the stock flirting with 52-week highs, he thinks that TE Connectivity may have serious upside potential.
The Mad Money host drew the conclusion after carefully examining a move by Koch Industries to acquire rival Molex for $38.50 a share, a 31% premium.
Molex is a manufacturer of connectors commonly found in electronic devices raging from phones and cars to heavy pieces of equipment.
And the acquisition suggests to Cramer that this niche area of electrical component manufacturing could become very hot.
"The importance of the Molex takeout is that it tells us there is real demand for these connector players, and very savvy private investors are willing to pony up serious money to buy them."
Therefore Cramer thought it prudent to scour the space in an attempt to identify another company similar to Molex.
He found TE Connectivity.