Stock Picks

Cramer’s stock pick of the day was Computer Sciences (CSC) Cramer thinks it could make people a lot of money because the company gets a lot of government contracts and does a lot of outsourcing work. Cramer also thinks that CSC is the ultimate takeover play and if and when it happens the company will get a hefty premium. This is because Lockheed Martin (LMT) was supposed to buy the company, but the deal fell apart because CSC wanted more money. And in the months since it fell apart, Computer Sciences has scored some of its biggest contracts ever, including a contract with DuPont (DD) worth $1.6 billion to $2 billion. There’s also a deal in the works with BAE Systems that could be worth over $1.9 billion and its Defense Department orders have risen 20% year-on-year. Plus, General Dynamics (GD) agreed to buy Anteon (ANT), a company similar to CSC; and General Dynamics paid a 30% premium. CSC is trading below $50 and is dead in the water, said Cramer, who advises buying now before it’s too late.

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