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Cramer's 'Mad Money' Recap: Bright Spots

Bunch cited several areas of strength for PPG, one of which was autos. He said the auto market is still healthy and PPG is seeing growth of around 5% to 6%. Europe continues to be weak, Bunch noted, but here in America an auto renaissance has begun.

When asked about titanium dioxide, or TiO2, one of DuPont's major failings, Bunch explained that PPG is a buyer of TiO2 for many of its products. After rampant price inflation, that important component is now seeing sequential price declines, which have been great for his company.

Cramer cited PPG as another bright spot in what overall was a terrible market Tuesday.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Mark Sebastian over the direction of SPDR Gold Shares (GLD). With the price of gold hitting six-week lows, is now the time to buy?

Sebastian looked at the correlation between the Gold ETF and a fairly new indicator called the Gold Volatility Index. Like the volatility index, or VIX, for the overall markets, the Gold VIX, looks at the volatility of gold prices. Sebastian noted the Gold VIX is now at its lowest level since the indicator came into being five years ago.

Sebastian also noted that five of the past six times the Gold VIX fell, the Gold ETF rallied big. Given the historic low level of the Gold VIX, Sebastian put a price target on the Gold ETF at $180 a share.

Cramer said he'll take five out of six odds any day of the week and he agrees with Sebastian that the ultra-low levels in the Gold VIX could be a signal of a big move to come.

Lightning Round

In the Lightning Round, Cramer was bullish on Kinder Morgan Energy Partners (KMP), Enterprise Products Partners (EPD), Lorillard (LO), Visa (V), Walgreens (WAG), OraSure Technologies (OSUR) and Huntington Bancshares (HBAN).

Cramer was bearish on AK Steel Holding (AKS), OmniVision Technologies (OVTI), Ferrellgas Partners (FGP), Dell (DELL), Nokia (NOK) and Research In Motion (RIMM).

Look at the Data

In his second "Executive Decision" segment, Cramer spoke with Dr. Stanley Crooke, founder, chairman and CEO of Isis Pharmaceuticals (ISIS), a stock Cramer featured on "Speculation Friday" two weeks ago. Since that recommendation, shares of Isis were shot down 26% as a Food and Drug Administration panel raised concerns over its latest application for its cholesterol-lowering drug, Kynamro.

While the FDA panel ultimately voted nine to six in favor of Kynamro, Crooke said the agency did raise questions about possible cancer and liver side effects. But that was simply because, unlike a rival drug also up for approval, Kynamro has been more thoroughly studied and could provide answers to those questions.

To be clear, Crooke said there have been absolutely no relevant findings for either cancer or liver damage with Kynamro.

Crooke said it's important to look at the data because FDA panels can sometimes be influenced by outside factors. He said Isis stands by the quality of its work and Kynamro works as promised.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said he continues to be mystified by the market's reaction to falling oil prices.

He said the theory that the markets should head lower on lower gas prices because the global economy is slowing is simply stupid. In fact, high gas prices are a tax on both small business and on the consumer. When gas prices fall, both have more money to spend.

Cramer said if oil falls to $80 a barrel then he would have to raise estimates for a whole host of consumer-related companies.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL and DD.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.
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