On Monday, Cramer said during “High Noon,” there was subdued action in the markets. He thinks there are two reasons for this: First, this is a pause in the market after a big run; and second, buyers remorse. Investors bid up stocks too quickly and too high, and now they regret it. Yet, the Mad Money host still sees opportunities.
Take Schlumberger and its $11.3 billion planned acquisition of the oil-services company Smith International . SLB, Cramer said, is a “soup to nuts player in the oil patch,” and he likes the stock.
And Air Products & Chemicals is trying to win its hostile bid for Airgas. If the deal goes through, a win for APD is a win for the whole industry, as every company in the space will enjoy higher margins thanks to what Cramer called a “developing industrial gas oligopoly.” But if Air Products loses, Cramer said, “The stock will snap back to its previous level before it made the bid.”
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