Updated from 10:25 p.m. EST

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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

S&P 500

and

Nasdaq

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

(CALP)

, 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."

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Another stock to make Cramer's list of those worth buying was

Petroleo Brasileiro

(PBR) - Get Report

, 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

Seagate

(STX) - Get Report

and

Maxtor

(MXO)

, 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.

Lightning Round

Cramer was bullish on:

Global Santa Fe

(GSF)

,

First Data

(FDC) - Get Report

,

Vivendi

(V) - Get Report

,

Marvell Technology

(MRVL) - Get Report

,

Knight Capital Group

(NITE)

,

Google

(GOOG) - Get Report

,

Costco

(COST) - Get Report

,

Peabody Energy

(BTU) - Get Report

,

Ultra Petroleum

(UPL)

,

VCA Antech

(WOOF) - Get Report

,

Parallel Petroleum

(PLLL)

,

Altria

(MO) - Get Report

,

Freightcar America

(RAIL) - Get Report

and

Lufkin Industries

(LUFK)

.

He was bearish on:

Oakley

(OO)

,

Chesapeake Corp.

(CSK)

,

Whole Foods

(WFMI)

,

Palomar Medical

(PMTI)

,

Escala Group

(ESCL)

,

Vector Group

(VGR) - Get Report

and

Mindspeed

(MSPD)

.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

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."

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