Updated from 10:25 p.m. EST
Click here for an archive of Cramer's "Mad Money" recaps.
There's nothing like a little bear stir-fry after a big up day on Wall Street.
And Tuesday certainly qualified as that, with the broad U.S. averages all climbing 1% or more.
The surge in equities had Jim Cramer in a festive mood on his "Mad Money" TV show, and he celebrated the 136-point jump in the
Dow Jones Industrial Average
and impressive advances in the
by donning a chef's hat, dicing up some ursine toys and putting the skillet on the burner.
But enough about the session that was. The party's over, and it's already time for traders and investors to move forward and get ready for another round.
Cramer's top idea of the night was
Caliper Life Sciences
, a company that makes tools to help drugmakers develop new products.
"We live in a bloated plutocracy where only the wealthiest people have a voice," Cramer said at the start of his show. "I want to open the plutocracy to the common man."
A good way to get in, he said, is with Caliper. Cramer said he doesn't expect 2006 to be a big year for pharmaceuticals makers because many of them are focused on cost-containment efforts. Eventually though, they'll have to create new drugs as patents on existing medicines expire, and Caliper is in the sweet spot to aid in all those development efforts.
"In a war, you don't bet on either side. That's for losers," Cramer said. "You bet on the arms dealers."
Another stock to make Cramer's list of those worth buying was
, better known as Petrobras, the Brazilian state-owned oil company.
"I think PBR's about to conquer Bolivia," he said. The reason for his optimism is that Bolivia has a lot of natural gas and it needs someone to develop its resources. That someone is likely going to be Petrobras, because the leftist government in Bolivia isn't inclined to let U.S. companies in.
Also getting the seal of approval were
, two makers of computer hard drives that have announced an agreement to merge. Investors still have a chance to capture some gains before the deal closes, Cramer said.
Cramer was bullish on:
Global Santa Fe
Knight Capital Group
He was bearish on:
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com 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 TheStreet.com, 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 TheStreet.com 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, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.