Deal Economy: Cramer's 2014 Crystal Ball
NEW YORK (The Deal) -- Jim Cramer took to his crystal ball again at The Deal Economy 2014 conference, predicting an active M&A environment next year, highlighted by social media stalwarts Facebook
TheStreet founder and host of CNBC's "Mad Money" made takeover predictions across a variety of business sectors during an address at The Deal's annual forecasting event held at the New York Stock Exchange on Thursday, Dec. 5. (The Deal is a business unit of TheStreet. Cramer is a board member of TheStreet.)
Beginning with social media, Cramer cited the continuing rise in demand for smartphones and mobile applications and how companies need to utilize this technology in their corporate strategies.
"You need a strategy that captures the strength of those devices," Cramer said.
Cramer predicted that Salesforce.com Inc. of Sunnyvale, Calif., and San Francisco-based Yelp Inc. can get looked at by major players such as Facebook, Twitter or even Yahoo!
On the food and beverage side, Cramer predicted that Lake Success, N.Y.-based Hain Celestial Group
In the energy sector, Cramer thinks Pioneer Natural Resources
Cramer also likes Houston-based EOG Resources
"Microsoft needs to bring in someone who will decide what can be kept and what should be spunoff and I think Alan is the guy to do that," Cramer said.
Cramer returned to one of his predictions from last year: Johnson & Johnson JNJ. Cramer said the company remains a breakup candidate, a scenario he forecast last year. The company could be moving in that direction, having sold its McNeil PPC's feminine hygiene brands to Energizer Holdings Inc. for $185 million in cash in July.
-- Written by Demitri Diakantonis