As another quarterly earnings season kicks off, Jim Cramer reminded his Mad Money viewers Tuesday that there's only one thing that makes stocks go higher: beating expectations.

Case in point: PepsiCo (PEP) , a stock which became the bigger winner in the S&P 500 after the company reported both a revenue and earnings beat that will have analysts raising their estimates on Wednesday.

Cramer said PepsiCo has always been a solid performer and a continual innovator in snack and beverage space, but lately, the consumer packaged goods makers have been under pressure, with investors worrying about rising costs and changing consumer tastes.

But PepsiCo put those fears to rest, delivering earnings of $1.61 per share, with solid 2.6% organic growth. Everything from Frito Lay snacks and Gatorade to the company's international operations all seemed to catch fire, while at the same time catching the analysts off guard.

Cramer said he's been a believer in PepsiCo for years and this quarter is just another example of why he never bets against PepsiCo's CEO, Indra Nooyi.

Cramer and the AAP team are talking more about PepsiCo's (PEP) positive second-quarter results. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Off the Charts

In the "Off The Charts" segment, Cramer checked in with colleague Tim Collins over the chart of Allergan (AGN) , the medical aesthetics company that Cramer admitted was one of the biggest losses for Action Alerts PLUS.

Collins noted that Allergan's weekly chart hasn't been pretty, falling from the $250s last summer to $142 this spring. But recently, the chart has formed a wedge within a wedge, giving it multiple floors of support between $140 and $150 a share, and also a clear path to the upside. He saw the stock returning to the $200s in the next six to either months.

Collins felt he daily chart was also bullish, with a new metric, the Change Trend Meter, or CTM, indicating Allergan's trend may be reversing.

Cramer was more skeptical, saying this is one case where the fundamentals may disagree with the technical analysis. He said with such a long history of disappointing investors, he's not ready to change his recommendation yet.

To see the charts and read more of Cramer and Collins's analyses, read Examining Allergan: Cramer Goes 'Off the Charts' 

Over on Real Money, Cramer says Groupon (GRPN) has created an ecosystem that is attractive to anyone trying to establish themselves in the very-hard-to-win local market. Get more of his insights with a free trial subscription to Real Money.

Fintech Heats Up 

What's the hottest financial tech company you've never heard of? Cramer said it's Jack Henry & Associates (JKHY) , a stock that's up 172% over the past five years, including a quick 11.3% in just the past three months.

Cramer admitted that when he was asked about Jack Henry by a caller last week, he had to do some homework to brush up on what the company has been up to. What he found was astonishing.

Jack Henry helps banks and credit unions automate their transactions, managing mission critical information for 1,900 financial institutions. The stock has been consistently been working its way higher as the company has been taking market share from rivals. The secret to its success? Jack Henry invests 10% to 14% of its revenues on research and development of new products that help it attract new customers and sell more services to existing ones.

With so many Wall Street analysts hesitant to own any banks, the financial tech sector, including Jack Henry, has only grown in popularity. In fact, Cramer said, the only thing that could derail the stock would be a resurgence of the banks stocks themselves. He suggesting waiting until we hear from many of the big banks on Friday before starting a position in Jack Henry.

Executive Decision: Core Labs

For his "Executive Decision" segment, Cramer sat down with David Demshur, chairman and CEO of Core Labs (CLB) , as the company celebrated its 20-year anniversary of listing on the New York Stock Exchange.

Demshur said Core Labs opened for trading at $13 a share 20 years ago, and today the stock sits at $120 and has a 2% dividend. The company has also repurchased 42 million shares during that time. Core Labs has consistently outperformed the oil service index.

When asked for his outlook on the oil market, Demshur said domestic activity remains great, but international activity is up only 1%, compared to overall oil demand, which has increased by 1.5%. With oil output declines in Mexico, Venezuela and West Africa, Demshur said he's left wondering where the supply will be coming from to meet that demand. $100 a barrel oil could once again be in our future.

Demshur said the world will need to reinvest in deep water assets and also in non-conventional oil recovery, such as shale fields, where Core Labs remains an industry leader.

No-Huddle Offense 

In his "No-Huddle Offense" segment, Cramer opined on what President Trump's nomination of judge Brent Kavanaugh to the Supreme Court means for the stock market.

In the short term, Cramer said, Kavanaugh will have no effect on the market, but it's clear that over the long-term, Kavanaugh will likely be a pro-business member of the court, one that will keep regulators on a short leash and help create more certainty when it comes to regulations and government interference with business.

At the end of the day, Cramer admitted there are far more important issues at stake than the stock market, but looking through a stock-only lens, Kavanaugh will eventually make investors more willing to pay up for stocks over time. 

Lightning Round

In the Lightning Round, Cramer was bullish on Sonic (SONC) , Darden Restaurants (DRI) , McDonald's (MCD) , PayPal (PYPL) , Albemarle (ALB) , CSX (CSX) , Union Pacific (UNP) , LM Ericsson (ERIC) and GeoPark (GPRK) .

Cramer was bearish on U.S. Concrete (USCR) , CBRL Group (CBRL) and Goodyear Tire & Rubber (GT) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in PEP, PYPL.

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