If stocks were actually overpriced, there would not be as much merger and acquisition activity, the 'Mad Money' host says.
, is paying a price that is 340% higher than where Medicines was trading at the beginning of the year, Cramer noted. Yet the Swiss pharmaceutical giant still saw its stock rise more than 1% Monday.
But beyond the recently announced deals, Cramer said, the market reaction makes him believe that further acquisitions could be on the horizon. Among the areas he suggested could be ripe for consolidation: some underperforming retail operations, software companies that specifically deal with cybersecurity, and banks, particularly when it comes to smaller, regional players."We have too many payments companies," Cramer said.
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