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NEW YORK (
) -- The bulls are back in charge for another day on Wall Street and may be here to stay, Jim Cramer told his
viewers Tuesday. Cramer exulted that his bull market, Top 10 checklist from last week has been completed.
It's hard to believe that it's only been eight days since Cramer introduced his "No Bottom Until" list of 10 items that had to happen before the markets could have a sustainable rally. But all 10 items have largely come true, he said.
First, Ebola fears have subsided now that the U.S. government is taking decisive action to contain the disease. Second, every sector of the market has suffered at the hands of the bears, making their stocks more attractive. Third, the speculative stocks -- think Netflix(NFLX) - Get Report -- have also retreated from their lofty heights.
Fourth, Cramer said oil prices have found their footing over the past eight days, welcome news for the oil stocks. Fifth, the tech stocks have stabilized, thanks to strong earnings from Apple(AAPL) - Get Report and others. Sixth, Germany has admitted that maybe, just maybe, it needs to do more to bolster its ailing economy, along with the rest of Europe.
Seventh, the markets have seen numerous companies report strong earnings beats with forecast raises. Eighth, the market's technical indicators have largely stabilized.
Finally, the Baltic Freight index has found its footing, meaning that China may be stabilizing. Over in the Middle East, ISIS has suffered its first major defeat.
With all of these items largely in the past, Cramer said he'd be a buyer, not a seller, on any future pullbacks in the market.
The Industrials Are Back
After being beaten down for months, are the industrial stocks finally showing signs of a bottom? Cramer said he thinks they are because there has been a string of positive news influencing the group.
First, Cramer said that there has been a lot of good corporate news in the industrial sector of late, with stocks Illinois Tool Works(ITW) - Get Report , United Technologies(UTX) - Get Report , Honeywell(HON) - Get Report and PPG(PPG) - Get Report all having good things to say recently.
Then there's Germany, which could be reversing direction on its economic policies to make Europe, and its currencies, stronger. This would make a weaker U.S. dollar, which would be terrific for industrial stock earnings going forward.
China is weak, yes, Cramer admitted, but that's precisely the time to bet on China. Things can only improve from here.
Other positives for the industrials include pent-up infrastructure demand and an aerospace sector that's on the mend now that Ebola fears are largely behind us.
Put all of these positives together and Cramer said you get an industrial sector that's poised to head a lot higher.
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the charts of media content providers Walt Disney(DIS) - Get Report , Viacom (VIA.B) , CBS(CBS) - Get Report , Twenty-First Century Fox(FOXA) - Get Report , Time Warner (TWX) and Netflix(NFLX) - Get Report .
Starting with Disney, Lang noted that after hitting bottom last Wednesday, shares of Disney have been snapping back on rising volume, with a bullish crossover in the MACD momentum indicator imminent.
Shares of Viacom have been crushed since July, Lang noted, but are also starting to rebound, with the MACD showing positive signs. CBS displays a similar pattern, with a strong sell off since July, but strong institutional buying over the past few days.
Shares of Twenty-First Century Fox were obliterated after making a double top earlier in 2014, Lang said, and appear to now be rangebound between $30 and $35 a share. He suggested buying around $30 and selling near $35.
Lang said Time Warner had the best chart of the bunch, rallying recently on heavy volume and having a MACD that has already seen a bullish crossover. Time Warner's weekly trend also confirmed these bullish moves.
Finally, Lang has good things to say about Netflix, but only for investors willing to be patient because the stock needs to consolidate at its new lower levels before being able to rally again.
Cramer said he agreed with Lang's research and would be a buyer of Disney, Viacom, CBS and Time Warner.
Executive Decision: Jim Reid-Anderson
For his "Executive Decision" segment, Cramer spoke with Jim Reid-Anderson, chairman, president and CEO of Six Flags(SIX) - Get Report , which today delivered a 6-cents-a-share earnings beat and a 10% boost in its dividend. Shares of Six Flag responded by rallying 9%.
Reid-Anderson said Six Flags' success stems from innovation at every one of its theme parks. He said there is something new in every park and the new attractions have been record-breakers, helping his company deliver 16 record quarters over the past four years.
Reid-Anderson said while there are always doubters of Six Flags, he has kept his promises, returning over $1.4 billion to shareholders over the past four years. He said the theme park business offers stable recurring revenues which has led to their strong earnings per share growth.
Cramer said that he's still a big fan of Six Flags.
In the Lightning Round, Cramer was bullish on Vectren (VVC) , Dominion Resources(D) - Get Report , Texas Instruments(TXN) - Get Report , Chubb(CB) - Get Report , Travelers Companies(TRV) - Get Report , Home Depot(HD) - Get Report and Berkshire Hathaway(BRK.B) - Get Report .
Cramer was bearish on Blackberry (BBRY) .
Executive Decision: Jeffrey Spaeder
In his second "Executive Decision" segment, Cramer spoke with with Dr. Jeffrey Spaeder, chief medical and scientific officer of Quintiles (Q) , about the recent Ebola outbreak and how drug makers are responding.
Spaeder said that there are a couple of Ebola vaccines under development and it's expected that Phase I studies will be completed by the end of 2014. Phase II studies could begin as early as 2015.
Spaeder also noted that given the severity of Ebola, the regulating bodies around the globe are working closely with drug makers and won't require drugs go through all three phases of testing if they can gather enough data to show they are effective and safe. He said companies are working as fast as they can to gather the right information on the dosing requirements that will offer protection but also safety.
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-- 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 AAPL and UTX.