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) -- There has been a remarkable turn in the markets and it's coming from an area where we least expect it, Jim Cramer said on

"Mad Money"

Tuesday. Today's markets were bailed out by none other than the rest of the world.

Cramer said the very same countries that have been dragging U.S. markets lower for years have now turned from a headwind to a tailwind, with remarkable turns in Europe happening almost daily. He said that in the technology group, he's betting on


(EBAY) - Get eBay Inc. Report

, which has still not seen a turn in Europe, along with


(GOOG) - Get Alphabet Inc. Class C Report

, which should do well with a rising tide in the ailing continent.

The banks are also incredibly cheap, Cramer noted, with

Royal Bank of Scotland

(RBS) - Get Royal Bank of Scotland Group plc Sponsored ADR Report


Banco Bilbao

(BBVA) - Get Banco Bilbao Vizcaya Argentaria, S.A. Sponsored ADR Report

in Argentina among his favorites.

Good news from Europe is also good news for China, taking a hard landing for that economy off the table, said Cramer. Companies like


(VALE) - Get Vale S.A. Sponsored ADR Report


Joy Global


should be among the winners in the mining and materials sectors. Both are holdings in Cramer's charitable trust,

Action Alerts PLUS.

This good news overseas couldn't come at a better time as U.S. housing is slowing, thanks to rising interest rates and a potential blockage of the

U.S. Airways


merger taking the wind out of the airline group.

Executive Decision: Gregg Engles

In the "Executive Decision" segment, Cramer spoke with Gregg Engles, chairman and CEO of

WhiteWave Foods


, the healthy-foods maker that's up 13.5% since being spun off from

Dean Foods

(DF) - Get Dean Foods Company Report

in October.

Engles said non-dairy alternative foods have been on fire over the past few years, with products like soy and almond milk offering great taste along with many health benefits. He said the category is gaining share as customers catch on that these products are sustainable and more eco-friendly than their traditional counterparts.

Engles was also upbeat on his company's partnership to provide

Green Mountain


brand iced coffee products later this year. He said the coffee segment has also been a real winner for WhiteWave.

Among the company's only problems has been the supply chain, said Engles. WhiteWave is incurring additional costs to store and distribute its products with third parties while it ramps up its own operations to meet the growing demand. When asked whether shortages for items like organic milk could occur, Engles said that supply has largely met demand for many organic foods and the supply continues to grow as does the demand.

Cramer said that after recommending Dean Foods ahead of the WhiteWave spinoff, the continuing way to make money with the healthy eating trade is with WhiteWave as its earnings begin to kick into full gear.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the charts of the steel stocks, a group that Collins felt could see a 20% move by year's end.

Using a daily chart of the

Market Vectors Steel ETF

(SLX) - Get VanEck Vectors Steel ETF Report

, Collins noted that after completing an ascending triangle pattern, this ETF has returned to its March breakdown levels. If shares break through $44 a share, a reverse head-and-shoulders pattern would be formed, sending the ETF soaring.

Collins also noted the commodity channel index, or CCI, is also signaling a strong overbought condition, which would normally be bearish, but in this case is showing strong buying activity.

On the weekly chart of the Market Vectors ETF, Collins said that only the $46 a share ceiling of resistance remains, and both the TRIX and MACD oscillators are signaling bullish crossovers, which are extremely bullish.

Among the group, Collins liked

Steel Dynamics

(STLD) - Get Steel Dynamics, Inc. Report

, one of the stronger players in the sector. A chart of Steel Dynamics also showed both the TRIX and MACD oscillators at or near bullish crossovers and Collins felt $20 a share for this stock was very likely by year's end.

Cramer said while he agrees that with China on the mend, the steel stocks should flourish, he's betting on

Timken Steel

(TKR) - Get Timken Company Report

, another Action Alerts holding and a company he recently visited for "Mad Money" and is reinventing itself.

Lightning Round

In the Lightning Round, Cramer was bullish on

Krispy Kreme Doughnuts



Microchip Technology

TheStreet Recommends

(MCHP) - Get Microchip Technology Incorporated (MCHP) Report


Opko Health

(OPK) - Get OPKO Health, Inc. Report



(KEY) - Get KeyCorp (KEY) Report


First Horizon National

(FHN) - Get First Horizon National Corporation Report


Huntington Bancshares

(HBAN) - Get Huntington Bancshares Incorporated (HBAN) Report


Cramer was bearish on

3D Systems

(DDD) - Get 3D Systems Corporation Report


Nordic American Tanker

(NAT) - Get Nordic American Tankers Limited Report


BioCryst Pharmaceuticals

(BCRX) - Get BioCryst Pharmaceuticals, Inc. Report



(AA) - Get Alcoa Corp. Report


International Business Machines

(IBM) - Get International Business Machines (IBM) Report



(MNKD) - Get MannKind Corporation Report


Regions Financial

(RF) - Get Regions Financial Corporation Report


Executive Decision: Sam Thomas

In his second "Executive Decision" segment, Cramer spoke with Sam Thomas, chairman, president and CEO of

Chart Industries

(GTLS) - Get Chart Industries, Inc. Report

, a stock that's soared 200% since Cramer first got behind it in February 2011 and 20% since Cramer last spoke with Thomas in May of this year.

During the interview Thomas was standing in front of a new, self-contained, liquified natural gas filling station on wheels. He explained that while infrastructure for natural gas is being built out, mobile platforms can be filled and driven to where they're needed, allowing small fleets of trucks to switch to natural gas now and upgrade to permanent filling options later on.

Thomas called the move to natural gas purely an economic one. With new LNG truck engines just now hitting the market, operators can save up to 30% on their fuel costs, which makes the payback on a natural gas vehicle now just 12 to 18 months. That's part of the reason why orders for Chart Industries' equipment have been ramping up steadily all over the world.

Thomas said that just a few years ago, Chart was talking with China about converting 10% of its truck fleet to natural gas, but now that percentage has grown from 50% to plans to eventually replace


trucks with natural gas. He noted that in the U.S. it took diesel fuel about seven years to replace regular gas in trucks and a similar pattern for natural gas is now occurring.

Cramer said it's been a long time coming, but the time for natural gas may finally be at hand.

Executive Decision: Rick Hamada

In his final "Executive Decision" segment, Cramer spoke with Rick Hamada, chairman and CEO of


(AVT) - Get Avnet, Inc. Report

, the technology component supplier that just announced a 1.5% dividend after delivering a better-than-expected quarter.

Hamada said Avnet is seeing sequential improvement across all parts of this business, with operating margins expanding for three consecutive quarters. He said software and services have been outpacing hardware, but storage also remains a strong segment for Avnet.

When asked about the new dividend, Hamada said the dividend represents only 12% of trailing revenue and the time was right to reward shareholders, with sales in Europe and Asia picking up steam.

Cramer said Avnet has been a rocket ship and is not done going higher.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC


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

To email Scott about this article, click here:

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At the time of publication, Cramer's Action Alerts PLUS had positions in JOY, KEY, TKR and VALE.

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.