RealMoney Radio: Turn Around, Look at GM

General Motors (GM - Cramer's Take - Stockpickr) is "powering" the Dow, Jim Cramer said on his "RealMoney" radio show Tuesday.

Jerry York is working for GM and turning it around, Cramer said. Although Kirk Kerkorian's Tracinda, which owns a major investment in GM, is arguing that the turn at GM is short term, management is saying the turn is long term. But what matters is that there's a turn either way, he said.

This company was at a point where six months ago people thought it was going bankrupt, but not anymore, Cramer said. It has had a "remarkable run, and it's not done leading the Dow even higher."

"GM's near-term earnings will be better than expected, and that's what propels stocks higher," he said.

Although the stories in the media today may try to shake market players out of GM, Cramer believes that people should not listen to these stories and instead should "get in the stock that is powering the Dow higher."

In addition, financials, technology stocks and retailers are all going up, he said.

"This is what a good rally looks like, and we're not done," Cramer said, adding that the oils will also have their day, but not yet.

Oil is coming down as are all commodity sales, he said. Gold is "plummeting," and aluminum is "cratering," as is oil.