Cant comprehend it. Sometimes youre dazzled by all the ways that this market gives you to make money. Big money. Today was one of those days. Dow climbing 78 points. S p gaining 0. 4 . Let me tell you how that money was made and then more importantly, plain the take aways from each win. Because i need you to understand that the gains in this market have been extraordinary. Why is that . Simple. Its because managements will not let up about their stocks being too cheap. They hate it and they keep doing something about it. Meanwhile, other companies are now coming in to buy the stocks of still other companies that they think the stock market isnt paying enough for and are worth a great deal more to an acquirer. And still other companies have so much growth that their stocks cant seem to do anything but go higher. House of pleasure. Lets start with everyones what everyone is buzzing about. The 85 hostile bid for time warner launched today by murdochs company. We all know that the companies are consolidating. And the content providers need to compete with a small number of Cable Operators that are powerful. How do you get heft . You consolidate. This deal makes so much sense that im kicking myles for only recommending time warner because of its excellent fundamentals and aggressive buy back and not because it was a takeout candidate. I said over and over this stock should be bought into any broader selloff, thats always my stock to use on a big down day. Because the ceo is buying it hand over fist with you. At times i think the company is buying every share it can every day of the week at any price that it legally can. After today it looks like the company has been dead right to do that time warner is unassailable franchise to hbo. Amazing Production Company and it has programs that run programming over and over again. How many time have you stopped the fugitive or shaw shank on tbs . They continue to make money. Thats my kind of business. This business is so good its worth more to murdoch than the market. Time warner is the story of this eras arc of the way things are playing out. Consider that it used to be a mosaic of companies that were very hard to understand. A Cable Company being bought by comcast and aol, a magazine company, time, well, legacy, right . All rolled up under one confusing jumbled roof. But one by one, management spun them off or sold them into the content pure play that its become. Shrink to grow. How many times have we watched that movie . It was shrinked to be taken over. Now, of course the easy money is certainly made here. I think something going to happen. I think theres more to come. Maybe 10 more. Remember though on the takeaways, there are three themes to play. Look for the stocks with the aggressive buy back, the value of entertainment and the importance of simplified pure play. You know what that means . How about cbs. Cheap still. Buying back stock. Good product. Been making itself easier to understand. Or disney. Hey, you know what . People sent disney down today because they thought theyd bid. Bid for time warner, david faber said that aint going to happen. I say buy disney the stock. Cant be taken over, its too big. But its trading softly away. Superior revenue stream and the ability to amortize over different venues. All right, ive been recommending the stock since the show began and not just because the ceo iger has the same birthday as me. Theres old tech, have many times have i told thats place to be right now . Thats one of the reasons im pounding the table on intel for so long. Yes, youre welcome to many of the viewers who thanked me today for having them buy intel. Sure enough, last night intel reported a stupendous quarter and the stock rallied 99 . And the companies are spending on the computers and the intel is no longer spending like a drunken sailor on equipment it may or may not get a terrific return. They have focused on spending money that cannette go a can get a pay back or buying back stock. Which means, yes, another way for shareholders to win. Now i do think that the upside in intel will soon be capped. Because the Company Still doesnt have a mobile strategy. Awkward moment on the Conference Call. Thats a must for any Technology Firm which brings me to my take away. A company that looks a lot like intel. Sysco. Heres another old tech play that spent some years in the wilderness thats getting it right. The stock has gotten cheaper, sports a good dividend. Theyre buying back stock. That could be another good one and so could hewlettpackard. I would recommend microsoft but it ran so much today that i think you have to wait until it comes down after you know, it reports on the 22nd. Because this market has been tough on stocks that are run up going into the quarter. Dont believe me . Check out the sour action in bank of america today. It removed a huge overhang, a lawsuit with aig over crummy mortgages that bank of america pumped out. I thought it would cost billions. Get what . Aig wanted 10 billion. They got 650 million. Not only that, but bank of america made so much money this quarter im no longer worried about how much is its going to have to pay the Justice Department to put it behind it. The company has the money and then some. Enough to curry the regulators favor and they can plead their case to return the capital too you the shareholders. If i had a runup if it had reported the first rather than the sixth bank before many of the others i think it would have been up today, not down. Finally, oil and gas. We have seen oil plummet nearly 10 . Its been hideous out there. What happened to stocks today . They soared. Why . Okay, so oil bounced a dollar, no, because theyre true Growth Stocks. The good news here is that many of them have come down during this period of oil deflation to levels that again got attractive. Earlier this week, Whiting Petroleum bought kodiak oil and gas. Both are going up ever since. Why . I think its because were going to to see a new wave of consolidation which is blessed with excellent fundamentals. I wont let it pass me by like time warner where i said it was good. Here we go. Eog. Occidental, darr coe, believe me, i would have mentioned whiti whiting continue anyone tell again, but i think that i can cool off. I know youre tired of my relentless push for you to own oil and gas in your stocks. I dont care. Im showing you where the best growth is for the cheapest price. Theyre worth too little on wall street versus the immense oil holdings. I promised to give you not only what worked, thats past tense, but what are the takeaways that you can use to find the next winners. Stock with buy back works, with low multiples and pure Growth Stocks work wherever they can be found, especially the oil and gas names located that keep finding the oil and using American Technology to produce it cheaper and faster than ever before. Laura in michigan, laura . Caller actually, im in kansas city, but booyah. How are you . Caller hey, im great. Family shoutout to my uncle john out in stanford, connecticut. Of course. Of course. Caller and really quick question for you. In the last month or so, you have been talking a lot about companies that are ripe for a takeover. Right. Caller and im thinking of j. C. Penney. Over the last few years they have had bad managers. Stock price has gone downhill, but they still have an awful lot of assets that are extremely valuable. And they have real estate contracts, they have a really good distribution network. So im looking at this as a possible takeover. What no. I mean, earlier i outlined the situations where the fundamentals are good. J. C. Penney, i dont regard it as a takeover because the retail group is so weak. I dont think they want to buy another retailer. You own it not because of a takeover. Walter in florida. Caller hi, jim, booyah. Booyah. Caller my wife and i love to cruise half dozen times a year or more and were thinking about buying some of the cruise ship cruise stocks. Three of them out there. What do you think of Royal Caribbean . I think its terrific. I think that cruise stocks are the cheapest and you mentioned the theyre cheap. You mentioned the cheapest one. Incredibly well run. Theyre Great Holiday vacations. I mentioned them in get rich carefully. I think you should take a cruise and buy a cruise stock. I like royal. Lets go to pat in texas, please. Caller hi, jim. I was calling about gsat. It took a dive today. Can you tell me more . Oh, geez, look. I mean, jim cramer on twitter has been paining me lately because heres what a dive is. A stock goes down 20, 30, 40 and it and i coming back. Gsat is a terrific situation. Global star. When i see a stock down nine cents i dont think, wow. What s going on . I think, hey, you know what . Theyre making it cheaper for me to buy. You have to learn to read between the lines here. There are takeaways in each win that could direct you to the next one. Im here to help you spot them. Mad money tonight, it got more money under management than the gdp of many nations and they delivered their best investment ideas today. Ill tell you which are the best of the best of the best. Then bored with the same old fast food menu . I have a brand new spec that can add spice to your portfolio thanks to one of our fantastic viewers. Plus, unless youre a kardashian, you probably are not making any money on the selfies. But that changes. Im putting your photos front and center to help you make some mad money. Stick with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. In a world thats changing faster than ever, we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. You know i love ideas. So it was a real delight to host panel at the delivering alpha conference with three brilliant managers, laid out the best. Larry robbins of glenn view and before i detail the ideas let me say these are competitive Money Managers from way back. They dont do a panel like delivering alpha idly. They are passionate about how their picks do. And they want their records in front of us to be pristine. Nor do they like to just reprocess the same old stocks. Some of the ideas of course are called Core Holdings and dont change that much, they like to explore new themes and theyre gracious enough to share them with you. I like that because theyre not saying im bearish right here, i dont like anything. Heres some suggestions. These people are being constructive and very thoughtful without being promotional about themselves or their funds. They have real skin in the game. They make you money listening to them. People may have heard lee coopermans ideas at the conference and recognized that they substantially outperform the averages. In some cases spectacularly so. But what they might not know is that lees been teaching people ideas from way back and i was fortunate enough to glean some of his wisdom when he was running research and i was a kid at goldman sachs. Lee could see i was an eager guy back then. He took me aside and told me that i ought to get this annual report for a company i dont know out in nebraska. Sounded like a tech stock company. Said there was a smart guy doing great things there. And his idea . Berkshire hathaway. The price . 200. Now its at 192,000. Got your attention . Did i recommend berkshire . You bet. Did my clients buy it . No, too expensive. I have never forgotten that mistake and when i hear his ideas i shout them from the rooftops. At the time, my clients were saying that the dollar price is too expensive. Back then very few stocks traded over 100 and they always split. I dont want to start with lees ideas, got to get there. Let me begin by, plaining some incredibly smart thinking, thinking about stocks from fortresses mike novagratz. He likes what others hate. And he thinks about it in terms of countries not stocks. But bear me out here. He likes the two most hatable markets in the world. House of pain argentina. And brazil. Argentina involves the nation too unstable for me, im going to pass on that one. But brazil intrigues. Not because we spent the last month watching the world cup there, but he likes brazil because he believes things are so bad down there. So bad that the government could be ousted this fall. To be replaced by a new much more pro business administration. Mike said hell invest in brazilian securities which is good enough for the hedge funds, maybe bonds. Whatever. I dont know. Like you i like individual stocks. Thats why i pressed him for a specific company. I suggested maybe valet. The dirt cheap Mineral Company that seems to be doing everything right, but being held back by the fact that its in brazil. He didnt want to be caught up in some trade. But what he really liked, what he thought could really fly was petrobras. Not the one i had last one. So good for petro bra. But the Brazilian Oil company. Heres an idea i can live with. Petrobras has the best assets in the world, theres no doubt. But they cant unlock what the assets are truly worth under the current hack administration. If a more pro business takes over, i can see the stock rising as much as 50 . I dont know, couple points down, 50 up, my kind of risk reward. How about lee occupierman and Larry Robinson . A real oddity jumped out at me. Lee came in with 12 stocks and larry came in with a six pack. They both recommended thermofisher scientifics, sound familiar . We had the ceo on not that long ago right at about this price. You know, i said it was a huge puzzle, i dont get it. All thats happened is the company has delivered and then some. Both lee and larry like it because its dirt cheap and a penchant for bringing out value as all Good Companies do. Why is thermofisher so inexpensive . Larry explained that the growth rate had been hurt because one of the biggest customers is the federal government and that sequester hurt health research. Hey, it made sense. Now that the sequester has run its course its time to pounce. You know what that made me think can both the guys recommending it . Buy buy buy tmo is my favorite idea from todays conference because of the timeliness and the dual sponsorship. Second favorite . Were going real contrarian now. Maybe if i say it quickly it will be okay. Citigroup. Yeah. Its a cooperman name. I havent had much fondness for citi in ages as its being held back by bad loans to a bloated staff, failed leadership, government investigations and lack of earnings momentum. Whats not to hate . Im not saying that all that changed this week, but they have put a lot of the turmoil behind it and the ceo has cleared the decks to make some real money again. Not just that citi is cheap, i think the Interest Rates are headed high. That was reinforced by every guest at the conference. Next name, robins idea, national oilwell. Because its increasing on the oil drilling around the world and it spun off the service business. It makes it much easier to understand. Like time warner. When they spin them off. What impressed me from his talk, national oilwells is emblematic of a trend, using a strong Balance Sheet and low Interest Rates to borrow money and help retire stock. He thinks management is motivated to do a gigantic buy back with earnings momentum, this mid 80s stock goes to 100. I believe that ole tech is making a come back. I havent looked at this in ages. Its called flex tronics. The contract manufacturer. I like flex tronics because it helps to assemble products for sysco and hewlettpackard. Robins likes it. Remember how much i said i love buy backs this is pledged to buy in 20 of the stock annually. Holy cow. Cheap at nine times earnings, Companies Buying stock like crazy, Strong Customer base. Got to love it. Now, theres much more to the delivering alpha conference, but the bottom line for me, we must never stop searching for our successful elders and our peers. These three gentlemen all had excellent ideas, i picked a few of them. Citigroup, and flex tronics, all of which can work very hard. Thank you mike, larry and lee, for sharing your alpha delivering ideas with the rest of us. After the break well try to make you more money. Coming up, the spice of life. Wall street has been offered a new variety of quick serve to salivate over. Could it follow in the footsteps of stocks like chipotle . Cramer reveals the name and serves up his take just ahead. [ radio chatter ] [ male announcer ] andrew. Rita. Sandy. Meet chris jackie joe. Minor damage, or major disaster, when you need us most, were there. State farm. Were a force of nature, too. Okay, so a couple of weeks ago i get this call about Fiesta Restaurant Group, frgi from jacob in virginia. I didnt know the darn thing, because its the single most interactive show on earth. I thought it would worth revisiting the 1. 15 billion quick serve restaurant chain. Why am i circling back to fiesta . Because Janet Yellens comments yesterday, i think its important to speculate on Smaller Companies that offer large risk and even larger potential reward. That seem of course overstretched when it comes to valuations. And Fiesta Restaurant Group is exactly the kind of small rapidly growing restaurant stock and im not saying investing in or trading in, but speculating in. So i think this company has enormous pote