Chicago Mercantile Exchange (CME), CBOT (BOT), NYSE (NYX), Staples (SPLS), American Eagle Outfitters (AEOS), Kohl's (KSS), J.C. Penney (JCP) and IBM (IBM) - Cramer believes that CME and CBOT merged because NYX must have been planning to buy one of them and says that merger mania has been happening in the exchanges because it is easy to profit from them. Although Goldman Sachs downgraded AEOS and SPLS, Cramer said there is no cause for concern because retail is "on fire" and mentioned that KSS and JCP also confounded analysts when they moved up following a downgrade."These are unloved companies that are not expensive and are still going higher," Cramer commented. Concerning IBM, Cramer said, "The growth was so bad at IBM last year that no matter what the company did, it was going to look good," and he predicts that the stock will dip a little before going to $100.
Related: Mark Mohney explains why he's long-term bullish on the Exchanges.
Coscto (COST): Although Costco has "done nothing this year" Cramer would hang onto it because its setback is temporary and was the result of overpaying for gas and which it had to sell at a low price. He believes the stock will go from $52 to $57.
AMR (AMR) and Contintental (CAL): Cramer has not liked airlines in the past, but he noted that AMR reported a big profit and that CAL is his favorite in the sector.
AU Optronics (AUO) and Corning (GLW): Although AUO has not been going anywhere lately, Cramer notes the the liquid-crystal display group has fixed their inventory problem and that AUO and GLW should be moving up.
Bank of America (BAC): Cramer sees a $1 upside and a $3 downside for BAC and comments,"if that's the risk/reward, you need to be in, not out."
BellSouth (BLS): Cramer suggests holding BLS because its merger with AT&T (T) is going to be "fantastic."
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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