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NEW YORK (
) -- When Washington is away, the bulls do indeed play, Jim Cramer said on
Tuesday after another up day on Wall Street.
Cramer said with interest rates once again determining stock prices -- this time for the better -- there are a whole host of stocks moving to the upside.
Many consumer staple stocks received downgrades in recent days, but Cramer said he's still a fan of high-yielding dividend names including
(KMB). He also noted that
Johnson & Johnson
(JNJ), a stock he owns for his charitable trust,
Action Alerts PLUS
is also doing a fabulous job.
Meanwhile, many shorts took down housing-related stocks after
Stanley Black & Decker's
miserable results. However, Cramer noted stocks including
, up 11.6% today, and
Fortune Brands Home & Security
Lower interest rates and lower gas prices are also a win for travel and leisure stocks including
as well as restaurants such as
and retailers including
and Action Alerts PLUS name
, Cramer added.
Other notable wins from today included
, with a 10% dividend boost, along with
. Cramer also said that
, up 8.8% today, is a buy, buy, buy.
Among the few losers for the day were momentum names
(NFLX - Get Report)
Pioneer Natural Resources
, all stocks that are taking a well-deserved breather.
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Mark Sebastian over the overall direction of the markets and what, if anything, can be gleaned from watching the
CBOE Volatility Index
, commonly known by its symbol, the VIX.
Looking at a daily chart of the
as compared to the VIX, Sebastian's analysis noted the normal pattern, where the S&P rises and the VIX falls, and the reverse where the index falls and the VIX rises. Times when both rose in tandem, such as May into June and again in August, were a precursor to a sharp move to the downside.