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Jim Cramer's 'Mad Money' Recap: The Urge to Merge Rules Wall Street

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"We have too much of pretty much everything in this market," Jim Cramer told his Mad Money viewers Tuesday. "That's why the urge to merge is growing on Wall Street."

And that's why shares of Hershey (HSY) plunged after Mondelez (MDLZ) walked away from its bid for the company. In the food business, growth is hard to come by, which is why getting a takeover bid and then losing it matters a great deal. Companies would much rather merge than fight with each other.

In the retail sector, we also have more than we need. As Macy's (M) CEO Terry Lundgren noted after announcing the closure of 100 stores, the...