Cramer’s Bullish Comments Lift Tekelec and Hain Celestial

The stock market lost ground to start off the week, with the Dow Jones Industrial average losing 41 points to close at 9,779. Continued M&A activity helped to lift the tech sector with Dell (DELL: 13.24 +0.61%) announcing their $3.9 billion acquisition of Perot Systems (PER: 30.04 0.00%). On Friday’s Mad Money show, Jim Cramer suggested that Kraft Foods (KFT: 29.21 +0.34%) should take a look at Hain Celestial which fueled more takeover speculation.

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

Hain Celestial (HAIN: 21.06 -0.52%)
The Hain Celestial Group saw their stock jump 6.6% on Monday after Jim Cramer suggested that Kraft Foods forget their pursuit of Cadbury and take a look at Hain as a potential takeover target. Cramer is bullish on the trending popularity of healthy food choices. Hain Celestial products clearly fall in this sweet spot, with many of their products sold in popular stores like Whole Foods and Walmart. Meanwhile, Cadbury products will continue to be flagged as unhealthy options. Regardless, Cramer believes that Hain will likely be acquired either by Kraft or by some other suitor. When that happens, Cramer believes the stock will see an 85% takeover premium.

Tekelec (TKLC: 14.14 -0.70%)
Shares of Tekelec surged 6.1% after Cramer focused the spotlight on the telecom stock. Mr. Cramer has been the leading cheerleader for mobile internet companies and even created his own Mobile Internet Stock index in early August. Since that time the index has climbed over 13%, but investors seemed to have overlooked Tekelec. However, Cramer believes that investors are overlooking a great opportunity as TKLC trades at only 12 times earnings. Cramer believes the stock could gain another 68% and recommends investors consider this speculative stock.

Cramer’s Lightning Round stock picks:

Ebay (EBAY: 20.91 +0.67%) fell 0.7% – Cramer is bullish on the stock and expects it to go to $30.
Trinity Industries (TRN: 20.37 -2.21%) dropped 6.4% – Despite the poor performance last year, Cramer likes Trinity.
Caterpillar (CAT: 69.75 +0.50%) fell 1.8% – Cramer still recommends owning CAT.
Manitowoc (MTW: 10.36 +0.88%) dropped 2.2% – Cramer clearly dislikes the stock.