Cramer's 'Mad Money' Follow-Up: Exxon, BofA

On Monday's "Mad Money" show on CNBC, Jim Cramer said that while yesterday's rally was fueled by a resurgence of confidence in the government's economic plans, the foundation of any rally is the stocks that are powering it, such as the top 10 biggest-percentage gainers in the S&P 500.

For example, Exxon Mobil(XOM Quote) and Chevron, which he owns for his Action Alerts PLUS charitable account, confirmed the increase in the price of crude oil.

On Tuesday, Exxon closed down $1.15, or 1.6%, at $69.38. Chevron fell 21 cents, or 0.3%, to a $68.94 close.

He also saw signs of strength in financial stocks such as JPMorgan(JPM Quote) and Wells Fargo(WFC Quote), which both gained 24% on Monday, as well as Bank of America(BAC Quote).

JPMorgan closed down $2.39, or 8.3%, at $26.47 on Tuesday, while Wells Fargo was down 10.2% at $15.56, and BofA fell 6.9% to $7.26.

He singled out tech stocks Microsoft(MSFT Quote) and IBM(IBM Quote) and pointed to gains in Procter & Gamble(PG Quote), GE(GE Quote) and AT&T(T Quote) as additional signs that the rally could continue.

Microsoft and IBM closed down 2.6% at $17.86 and down 0.4% at $98.30, respectively, on Tuesday. Procter & Gamble closed down 1.4% at $47.06, GE was up a penny at $10.44, and AT&T was down 2.2% to close at $26.32.

As a dividend play, Cramer recommended Air Products(APD Quote). "Dividends have never been so important," he said. Air Products currently yields 3.3%, and Cramer says the company earns more than twice what it needs to cover the payout.

On Tuesday, Air Products traded up 54 cents, or 1%, to close at $56.44.