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Jim Cramer says three key deals helped the market rally on Monday

CNBC’s Jim Cramer said three corporate deals announced on Monday helped push stocks higher.

“Mergers are important. When companies start buying each other at a significant premium to what the market is willing to pay, that tells you that stocks as a whole, the market as a whole, may just be too cheap,” he said.

Here are the offers he is referring to:

“There are a ton of stocks the market doesn’t appreciate, and we’re finding that other companies, or private equity buyers, are valuing them a lot more. That’s never a bad thing,” he said. Cramer said.

Stocks rose on Monday ahead of the monthly Consumer Price Index report due out Tuesday and the Federal Reserve’s December meeting.

Cramer added that while he doesn’t think the deals are the only reason the market has rallied, they have given investors the confidence to put money to work in what has been a market. hard.

“Three deals in such a hostile regulatory environment for takeovers? At this point, you need to be more positive about the whole asset class, because acquirers are telling you these stocks have become too cheap to ignore. “, did he declare.

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