Cramer Stock Picks Thrive In Market Rally

The stock market started the week off strong with the Dow Jones Industrial average gaining 124 points to close at 9,789. The markets were buoyed by news of M&A deals involving Abbot Labs (ABT: 55.57 0.00%) and Xerox (XRX: 8.01 0.00%). Jim Cramer’s bullish stock picks on Friday’s Mad Money show all posted strong performances as the market rallied to open the week.

Here is a review of the performance of Jim Cramer’s stock picks from Friday’s Mad Money show.

International Paper (IP: 30.95 0.00%)
International Paper continues its recent rally, gaining another 2.1% after Jim Cramer called the company a “turnaround story” during his interview with CEO Jim Faraci. With the economic environment improving, Mr. Cramer feels that IP’s earnings could “explode” as shipping volumes increase once again. The company is benefitting from cost cutting initiatives and Cramer recommends the stock.

3Com (COMS: 0.00 N/A)
3Com jumped 6.5% after receiving a strong bullish endorsement from Jim Cramer on Friday. The company recently reported a strong quarter which seemed to have gone largely unnoticed. 3COM generates 40% of its sales from China and continues to take market share. Cramer likes 3COM’s pristine balance sheet and attractive valuation and recommends investors buy now.

Cramer’s Lightning Round stock picks:

Inverness Medical Innovations (IMA: 0.00 N/A) gained 2.6% – “I wish that I had not sold it… that is the highest compliment that I can pay.”
Westport Innovations (WPRT: 40.27 0.00%) jumped 7.2% – Cramer likes the stock and likes Fuel System Solutions (FSYS: 24.10 0.00%) even better.
Visa (V: 108.35 0.00%) rose 0.7% – Cramer says to “buy, buy, buy” this stock.
McDonalds (MCD: 100.05 0.00%) gained 0.4% – Cramer believes this is a stock that doesn’t get the respect it deserves and recommends that investors buy.