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NEW YORK (
) -- Don't get used to today, Jim Cramer warned his
viewers Tuesday as he opined on the first up day the markets have seen in a while.
Cramer said the bulls won't come out in force until they see that good news isn't sending interest rates up sharply, and that isn't happening quite yet.
Cramer explained that for years the markets have grown accustomed to a
that was determined to keep interest rates low so our economy could recover. But with so many data points like new home sales and consumer confidence picking up steam, the Fed can no longer afford to keep rates near zero.
But investors aren't prepared for this new reality, said Cramer, as many are still invested in the wrong types of stocks and are simply waiting for any strength as an opportunity to sell. This trend will continue until good news doesn't immediately send interest rates sharply higher, as they did today.
So while the markets may have looked strong at today's close, there were still several times throughout the day that they were on the cusp of breaking down, Cramer cautioned. That's why investors need to remain vigilant and keep one eye on interest rates and the other looking for bargains in stocks.
Invest in America: DuPont
Continuing with his "Invest in America" series, Cramer spoke with Ellen Kullman, chair and CEO of
, the chemical producer that's transforming itself from a commodity player to a specialized solutions provider.
Kullman said she was visiting DuPont's latest global innovation center, the company's twelfth such location that is committed to connecting DuPont's 10,000 engineers directly to their customers. She said DuPont continues to invest heavily in research and development and their focus on the customer is the engine that continues to drive growth.
With so many lofty goals including energy, safety and health, Kullman said that DuPont's approach to integrated science helps the company stay diversified. For example, she said DuPont's research in enzymes has allowed it to develop everything from stain removers to ethanol to bio-plastics. One area of research has a wide range of end markets, she said, which is why enzymes alone will account for $1 billion in revenue for DuPont.
Kullman concluded by saying that all of DuPont's research starts with the customer and the customer's problems. Science alone will not be successful, she said, until it solves a need.
Cramer said that DuPont's approach to both its science and diversity is exactly what makes the company one of America's finest.
Invest in America: Natural Gas
In a second "Invest in America" segment, Cramer turned to our country's natural gas boom, highlighting what he said are his top three picks in the group.
Cramer has long been a fan of
, the company that's destined to become our country's first exporter of liquified natural gas. The company's export terminal in Louisiana is nearing completion and Cheniere is nearing approval for a second in Texas.
But now that the bears have ravaged many of the master limited partnerships, Cramer said the way to play Cheniere is with
Cheniere Energy Partners
, the company's MLP that sports a 6.6% yield.
Cramer also gave the nod to
Cabot Oil & Gas
, a company with stunning production growth that has been more than enough to offset sluggish natural gas prices. He said with new pipelines headed from the Marcellus shale to both New York and New England, Cabot is clearly in the right place at the right time.
Finally, with the prospects for natural gas as a surface fuel improving, Cramer said he continues to like engine-maker
. He noted that just today
said it plans on using more natural gas vehicles, and all of those new vehicles will likely use Cummins' engines.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Apollo Residential Mortgage
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the charts of the regional banks. Cramer has long been a champion of the regional banks as they are among the few companies that actually make more money as interest rates rise.
According to Lang's research, the KBW Regional Bank Index, or KRX, is worthy of its title of the best performer of 2013 because the index is above all of its key moving averages and is consistently making higher highs and higher lows.
Kang also has positive notes on
, a stock that's up 200% from the 2008 lows;
, a stock Cramer owns for his charitable trust,
Action Alerts PLUS; and
Cramer said he couldn't agree more with Lang's analysis, noting that all of these banks are being bought aggressively on weakness and barely moved during the market's most recent horrendous selloff.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer tried to get into the heads of the bears to figure out what they were thinking during the market's selloff over the past few days.
Cramer said it's easy to see what scares the bears because there are countless markets around the globe that could collapse at any moment. From places like Japan, China and Thailand to countless countries in Europe, all the way to India, Brazil and Mexico, many of the world's economies are teetering. So can you blame the bears for panicking?
In a word, yes. Cramer said that for all the worrying, these markets ended up doing just fine. "Boy, did the bears get it wrong," he concluded.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in DD and KEY.
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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