Lowe's (LOW), Alliant Techsystems (ATK), Intel (INTC), Nokia (NOK), Honeywell (HON), Parker-Hannifin (PH), Graco (GGG), WW Grainger (GWW), Boeing (BA), Emerson Electric (EMR), International Paper (IP), and DuPont (DD)
There is a lot of speculation concerning what is driving this bull market, and Cramer identifies two factors which are contributing to the rally. Momentum funds which are based on market trends are moving the market, says Cramer who observes that the the upswing is being driven by value players who don't want to sell and says it is possible to still benefit by picking up stocks that are still catching up, such as LOW, ATK, INTC, NOK, HON, PH, GGG, GWW, BA, EMR, IP and DD.
On Solid Ground: Six Flags (SIX)
Cramer has not liked Six Flags since his visit to the theme park six months ago and thought then that such a badly run company must be facing bankruptcy. After investigating the theme park, he found that if Six Flags bulldozed its business the stocks would go higher since it has "some of the finest real estate in America." Cramer also found that the company was not doing so poorly and that CRT Group has listed it as a "buy." Cramer recommends picking up SIX which he thinks at worst will be $6 up and $2 down.
Related: In August, Cramer expressed concern over Six Flags' difficulty dealing with teenage gangs in its theme parks.
Cramer used Yahoo as an example of how to spot a fair price in a falling stock. First, he looked at the company's earnings which are a "travesty" and commented that Yahoo is "$12 stock masquerading as a $24 stock" and will get "slaughtered" when it reports on Tuesday. Cramer says that the company would be wise to cut earnings estimates by 25% so it can beat them and that Yahoo might bottom out, especially given the disappointment over Yahoo's management. He imagines that Microsoft (MSFT), Viacom (VIA), Comcast (CMCSA) or AT&T (T) might consider buying the company and recommends picking up some Yahoo after it reports its earnings.
Related: Harry Blodget makes earnings predictions for Yahoo and Google.
CEO Interview: Zan Guerry, Chattem's (CHTT)
Cramer asked Zan Guerry about his company's acquisition of Johnson & Johnson (JNJ) and Pfizer (PFE) brands and he said that he expected earnings to increase 75 cents to a dollar, and that the purchase was a "once in a lifetime" opportunity which will improve the Chattem's visibility.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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