RealMoney Radio: Sears Will Soar

There are many companies out there that are buying back stock, Jim Cramer said on his "RealMoney" radio show Tuesday.

"Some say it's to support the price of their stock during these turbulent markets, and others say it's a sign that these companies are confident in their business that they will buy their stock at bargain prices," Cramer said.

Taking a look at Sears (SHLD Quote), a stock that Cramer owns for his charitable trust Action Alerts PLUS, Cramer said the company just bought back 2 million shares last month.

"There is more to a store than just how it looks," he said. "There are the profits, and at Sears, the profits are immense."

In fact, the company doesn't have that many shares outstanding, with about 60 million shares free to trade, Cramer said.

This third-largest retailer in the country has "aggressively been buying back stock," he said.

"If you don't own it, you are going to miss out," Cramer said. "I believe it is going much higher."

On a separate note, gold is going up, Cramer said.

Yamana (AUY Quote) is Cramer's favorite play in the gold space, but he also believes that Freeport (FCX Quote) is a very good company.

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