An inflection point might have arrived for Yahoo! ( YHOO), where bears are no longer inclined to push their luck, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

Some critics of the stock have gone from being "viciously negative to just being neutral," Cramer observed, suggesting it is "too late to short the group." "Do I want to get ahead of it big-time? Do I look like a moron?" Cramer said. Still, "I do recognize when guys who are incredible bears become more like Yogi and Boo Boo."

Another bullish play could be Coca-Cola ( KO), which has put up its "fifth quarter of good news and is annualizing a very difficult comparison." Cramer predicted "multiple upgrades" on Wednesday.

Cramer was less enthusiastic about IBM ( IBM), whose earnings after the bell Tuesday "might confound the bears for about 35 seconds," particularly if they announce a big buyback. More likely, however, it will spark some kind of semiconductor rally.

Cramer was glad to see Freeport-McMoRan ( FCX) in the green after its "unbelievable" quarter because sentiment on the group is so "unbelievably negative." The company has a "gigantic amount of cash, is doing incredibly good, but is on the dark side of the moon. Nobody cares."
At the time of publication, Cramer was long Yahoo! and United Technologies.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.