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"All of the wrong stocks went up today," a concerned Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

He said it can be a very bad thing for some stocks to go higher.

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Cramer said the market has been lifted by three rockets: oil, technology and banks. The fuel for these rockets, he said, has been money coming out of other sectors such as food and drug stocks.

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That's why Cramer was alarmed to see strength in names like



, along with

General Mills

(GIS) - Get General Mills, Inc. Report



(PEP) - Get PepsiCo, Inc. Report

, two stocks Cramer owns for his charitable trust,

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TheStreet Recommends

Action Alerts PLUS.

Cramer also noted the strength in other stocks that should be headed lower, including

Molson Coors

(TAP) - Get Molson Coors Beverage Company Class B Report

, along with drug makers

Eli Lilly

(LLY) - Get Eli Lilly and Company Report


Johnson & Johnson

(JNJ) - Get Johnson & Johnson Report


"Stocks like Kraft and Molson need to keep going lower," said Cramer, if this rally in oil, tech and banking is to continue. They're the fuel for our rocket ships, he said, and they need to be watched closely.

Off the Charts

In this segment, Cramer dove into the chart of

Cleveland Cliffs

(CLF) - Get Cleveland-Cliffs Inc Report

to see if this stock's recent upside move is over or a harbinger of good things to come.

Cramer said when looking at the daily chart of Cleveland Cliffs, it may look like the move is over. But if you look at the stock's weekly chart, you'll see another side. He said the stock has barely moved in the weekly chart, and the volume signals the slow accumulation of buying pressure.

Turning to the fundamentals, Cramer said there are three reasons to like Cleveland Cliffs. First, the stock has been hammered by mutual funds, with 19 funds selling 100% of their positions recently.

Second, this once $120 stock now trades at $27 while holding all of the same assets in an improving commodity market. And finally, Cramer said colleague Rick Bensignor just upgraded rival

Arch Coal

(ACI) - Get Albertsons Companies, Inc. Class A Report

, which bodes well for Cleveland Cliffs.

Cramer said simply, "Cleveland Cliffs is a buy."

Emeril's Take on the Food Business

In a special interview, Cramer welcomed superstar chef and restaurateur Emeril Legasse to the show to discuss how the food business mirrors the economy.

Legasse said that the mood is beginning to lighten for fine dining, and people are beginning to eat out again. He said that while his pasta, seasoning and cookware businesses have been on fire as people were eating more at home, his restaurant traffic is now getting better week by week.

Legasse said he's also made changes at his restaurants to adjust to the changing times. He introduced a "wines-for-the-times" list of cheaper wine alternatives and is offering more smaller plate items at more affordable prices.

Legasse was also very optimistic about "Emeril's Chop House," a new restaurant in Bethlehem, Pa. that will be part of a new

Las Vegas Sands

(LVS) - Get Las Vegas Sands Corp. Report

casino at the site of the now defunct Bethlehem Steel Mill.

Legasse was also excited about his new book,

Emeril at the Grill,

which debuts in time for the summer grilling season.

Cramer said Legasse's food empire, which spans restaurants, packaged food and media, is the perfect microcosm for the economy, and shows there are bright spots if you know where to look.

Poised for a Turnaround

In the second part of his "Tech Spec" series, Cramer recommended

Brocade Communications


, a once bellwether turned has-been that might be poised for a turnaround.

Cramer said on the surface, this $5 speculative name may appear a longshot, with its bad balance sheet and $2.1 billion in debt from its recent acquisitions. But speculative stocks usually don't offer perfection and Brocade has a few things going in its favor.

First, Cramer noted the company's expanded agreement with


(IBM) - Get International Business Machines Corporation Report

, allowing Brocade to begin manufacturing more types of network equipment under the IBM nameplate. But more importantly, the recession has helped Brocade by giving it time to catch rival


(CSCO) - Get Cisco Systems, Inc. Report

, a stock which Cramer owns for his charitable trust,

Action Alerts PLUS, he said.

According to Cramer, Brocade doesn't need to beat Cisco, just take some market share, in order to prosper. He recommended waiting for Cisco to report its earnings Wednesday before a little of the speculative Brocade.

Lightning Round

Cramer was bullish on

Bank of America

(BAC) - Get Bank of America Corp Report


JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report



(CVX) - Get Chevron Corporation Report



(GLW) - Get Corning Inc Report



(FRO) - Get Frontline Ltd. Report


Nordic American Tanker

(NAT) - Get Nordic American Tankers Limited Report


He was bearish on

Lions Gate Entertainment




(C) - Get Citigroup Inc. Report



(CMI) - Get Cummins Inc. Report



(ICLR) - Get ICON Plc Report


Health Management Assoc



Hot Topic Inc






American Eagle Outfitters

(AEO) - Get American Eagle Outfitters, Inc. Report


Check out the latest edition of

"Cramer's Take onTop-Headline Stocks" on Stockpickr.

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Want more Cramer? Check out Jim's rules and commandments for investing by

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Read more of Cramer's Mad Money Lightning Round insights


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At the time of publication, Cramer was long General Electric, Pepsi, Chevron, JP Morgan, Cisco.

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.