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Jim Cramer is the host of CNBC's "Mad Money" and the chairman of TheStreet.com. In 1987, Cramer started his own hedge fund and returned an average of 24% per year between 1987 and 2001. Cramer also authored six money management books.

Carl Icahn started his own brokerage firm, Icahn & Co. Inc., in 1968. He is the Chairman of Icahn Enterprises, which owns various businesses. Icahn is notorious for owning positions in stocks that are significant enough to give him a voice with the companies. Here are 6 stocks Cramer and Icahn both love:

Clorox (NYSE:CLX): Cramer gave Clorox a buy recommendation because its portfolio of brands encompasses recession-proof products. The dividend was most recently boosted in May and CEO Donald Knauss has doubled the dividend over the last 5 years. Carl Icahn has 7.5% of his portfolio in Clorox and expressed willingness to buy the company at $78 per share. It is a strong takeover bid as a result of another terrible quarter. Carl Icahn has since withdrawn his bid.

HAIN Celestial Group (NASDAQ:HAIN): Makes organic foods and other products that promote general well-being. Cramer said healthy eating is not going anywhere and HAIN is poised to benefit from it. The stock trades at 25 times earnings, but Cramer said it’s justified because of the price consumers are willing to pay to get these products.

Chesapeake Energy (NYSE:CHK): Chesapeake announced that it is investing $1 billion in natural gas, which makes Cramer like the stock that much more. The energy company has a $21 billion market cap and yields 1.1%. Mason Hawkins had more than $2.5 billion in CHK at the end of June.

NRG Energy (NYSE:NRG): Cramer likes this utility company because it has “real vision”. NRG Energy helped the NFL’s Washington Redskins create a solar-powered stadium and has a diversified portfolio of energy (including nuclear power, natural gas, coal, wind and solar). Cramer gave the stock a buy recommendation, partly because the recent buybacks were due to the stock’s low price and not because of a disbelief in dividends.

Ensco (NYSE:ESV): Ensco Intl. announced in February that they planned to acquire Pride International for $41.60 per share. It completed the acquisition in May, making it the 2nd largest offshore drilling company. David Einhorn had $225 million invested in ESV at the end of June.

Motorola Mobility (NYSE:MMI): This company received a huge bid (60% premium) from Google (NASDAQ:GOOG) for its patent portfolio. Cramer used this acquisition to prove that stocks represent more than just indexes. They represent real companies that affect our lives. Carl Icahn had more than $700 million in MMI at the end of June. Jonathan Jacobson was another beneficiary of the huge increase in MMI’s stock price.

Disclosure: I am long CHK.

Source: 6 Stocks That Jim Cramer And Carl Icahn Love