Cramer's 'Mad Money' Recap: A Hope-Filled Rally
NEW YORK ( TheStreet) -- Today was a rare glimpse into what the stock market could look like if politicians would only compromise, Jim Cramer told "Mad Money" TV show viewers Monday after a strong rally on Wall Street.
Cramer said if the fiscal cliff was averted there would be a whole laundry list of stocks worth buying.
Other than the oil and gas stocks, which rose on troubles in the Middle East, and the materials stocks, which rose on a hopes of a Chinese recovery, Cramer said just about everything else rose on the promise of compromise in Washington.
Those stocks included the home improvement players Lowe's (LOW) and Home Depot (HD) , as well as just about everything that fills their aisles, from Sherwin-Williams (SHW) paint to Whirlpool (WHR) appliances.
But Cramer noted that others would benefit from a fiscal resolution, not the least of which would be discretionary stocks Harley-Davidson (HOG) and Polaris Industries (PII) , along with high-end retailers including Coach (COH) .
Also on Cramer's fiscal cliff shopping list were stocks that reported great earnings such as Petsmart (PETM) and those that have big gains for the year including Apple (AAPL) , a stock he owns for his charitable trust, Action Alerts PLUS.
Others teetering on the cliff included Lockheed Martin (LMT) , a company that would be hit twice because of its defense nature and its big dividend, and Boeing (BA) , which has a big military component.
Cramer concluded by noting that even software maker Intuit (INTU) is a fiscal cliff name because that company's TurboTax software will be in high demand as our tax code changes.
All of these stocks and more, Cramer concluded, would be sharply higher if our politicians would only do their jobs.
Revved Up on Briggs & Stratton
In the aftermath of Hurricane Sandy, many Americans have learned never to trust their local power grids. That's why stocks like Generac (GNRC) , a maker of standby generators, have rallied big since Hurricane Sandy struck.
But Cramer said Generac is now too expensive, which is why he likes Briggs & Stratton (BGG) , a maker of engines for generators as well as for a majority of lawn and garden equipment.
Cramer said Briggs is far from a pure play on generators because the company only derives 10% of its sales from them, but it does have many other factors pulling in its favor. He said the company reported a disappointing quarter on Oct. 18, in part from this season's drought, which curtailed many lawn and garden projects. But with the turn in housing at hand, Cramer said now might be bottom for the company.