(Click for video linked to a searchable transcript of this Mad Money segment)
If you're a Mad Money fan, you may remember that last week Jim Cramer profiled possible market headaches. Because Cramer believes a successful investor is a well-informed investor, he thinks it"s only prudent to also profile constructive developments.
And digging down into the market, he thinks there are plenty of positives in play.
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First, Cramer believes that the Suntory acquisition of Beam for $16 billion, a 25% premium to where Bean closed on Friday, is a big positive. "This deal today tells me there's a huge appetite for branded merchandise, and a private outfit like Suntory can afford to pay up for it. That's just an out and out positive."
Also Cramer is encouraged to see an activist hedge fund agitating for change at Juniper. Specifically, Elliott Management, which owns 6% of Juniper, urged the network equipment maker to buy back shares, start paying a dividend and consider slimming down. The hedge fund, run by Paul Singer, said the "undervalued" stock could be worth $35-$40.
"This move says to me that down-and-out techs, of which there are many, could be very undervalued if they have good balance sheets and lots of customers," Cramer noted. "Sometimes companies just don't run their businesses very well and nothing motivates management better than the attention of an activist hedge fund."
Also Cramer was encouraged to hear Merck is pursuing strategic options for its animal health and consumer businesses. The company could "determine the most value-creating option for each and could reach different decisions about the two businesses," Merck said in a statement.
Cramer has been saying for quite some time, a spin-off should unlock significant value. Again that's positive.
Nonetheless, on Monday shares fell sharply with the Dow Jones Industrial Average closing lower by triple digits.
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Cramer believes the weakness is largely due to more negative developments in retail. "LuluLemon talked about a meaningful decline in sales in January," Cramer said. "Also, . "And Ascena, formerly known as Dress Barn, and Bon-Ton both guided down."
It seems investors are taking these developments as a sign of confirmation that the economy is slowing – an idea that was triggered by Friday's weaker than expected jobs report.
Although Cramer concedes retail weakness is a cause for concern, he can't help but wonder if sending the Dow down almost 200 is a bit of an overreaction.
"Some investors are fear this is the beginning of the end and they're using weakness from Lululemon and SodaStream as an excuse to sell everything. Everything. All I can say is that selling everything out of fear has rarely been the right way to invest."
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