Citigroup raised its price targets for coal companies Monday, including Patriot Coal , Arch Coal and Peabody Energy as demand for U.S. coal surged to a 15-year high.
"It's all about Queensland," Mad Money's Jim Cramer said on Monday's Stop Trading! Recent flooding in the northeastern state of Australia has increased demand for U.S. coal. So much so that Cramer said it has turned into a windfall for U.S. miners.
Queensland output of steelmaking and thermal coal could be reduced by 23 million metric tons, or roughly 13 percent of the state's annual exports because of the flooding. That means that all of the numbers for U.S. coal miners are probably too low, Cramer said. "When they report, they'll report blow-out numbers," he added.
Meanwhile, Cramer is still big on Netflix , which jumped Monday after Qualcomm said that people who own certain Android-powered smart phones and tablet computers will be able to stream Netflix's movies and television shows. This means that Netflix's customers can stream content from a wider variety of mobile devices — a boon since Netflix expects that eventually more people will watch more movies over the Internet than on DVD.
"The fact that Netflix can run on a handheld ... this is just one more game, set, match for Netflix," Cramer said. He noted that customer satisfaction for the company is "off the charts," and Netflix has "an endless amount of good news."
"It's going higher," he said, and put the ceiling at around $300. "I've been saying since $50 that I really like this stock," Cramer said. "This thing is way under-valued."
Cramer's also still standing by his call last week that Chipotle Mexican Grill is going higher. The fast food chain was downgraded by four firms Monday, partly because the company could face rising labor costs as an investigation continues into whether Chipotle has employed undocumented workers.
Last week, Cramer said Chipotle isn't just another restuarant, adding that he thinks it's the single-best restuarant growth story out there. He reiterated that position Monday saying "I am a huge believer in Chipotle. I just think it is not done going higher."
—The Associated Press and Reuters contributed to this report.
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