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"The big news today isn't that stocks rallied," Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

Rather, he said the takeaway from the day's market surge should be that his five long-term bull market theses sprang to life.

Until now, aerospace and defense stocks have been weighed down by delays in Boeing's ( BA) new Dreamliner. But Cramer said Boeing's announcement Tuesday that the Dreamliner is back on track should allow the whole sector to rally once again.

The rally in the minerals and mining sector, Cramer said, was sparked by news of continued shortages in both coal and copper. This will benefit stocks such as BHP Billiton ( BHP), Freeport-McMoran ( FCX), which he also owns for his Action Alerts PLUS portfolio, and Cleveland Cliffs ( CLF).

Cramer credited the strength in agriculture to Potash's ( POT) CEO Bill Doyle, who painted an upbeat picture on CNBC's "Fast Money."

He also cited John Deere's ( DE) strength as a catalyst for the ag group's strength.

Cramer said the oil and oil service group was ignited by a Bear Stearns ( BSC) upgrade on Tuesday of Schlumberger ( SLB), along with a surge in oil futures and strength in XTO Energy ( XTO), a stock which he owns for his charitable trust, Action Alerts PLUS .

Finally, Cramer credited the surge in infrastructure stocks largely to billionaire investor Warren Buffett's announcement of plans to insure municipal bonds as the catalyst that will allow many stalled infrastructure projects to finally get rolling.

China's Insatiable Demand

"I'm a Taco Bell kind of guy, a KFC kind of guy and a Pizza Hut kind of guy," Cramer told viewers as he welcomed David Novak, President and CEO of Yum! Brands ( YUM) to the show.

Cramer called Yum! Brands one of the most pro-shareholder, pro-growth companies out there.

Novak talked about the company's strong growth in China, where Yum! Brands is opening almost one store a day in the country. He said that Yum! offers a full line of products in China and that the Chinese people are responding well to their brands. He also said his company is prepared for a big pickup in business when the Olympics comes to China later this year.

Despite incredible growth in China, Novak said the company is also aggressively growing in Russia, India and other emerging markets.

Domestically, Novak said Yum! has some work to do to drive sales at its 20,000 outlets. He believes it can be done by going beyond what it traditionally serves to offering desserts, beverages and healthier foods.

"If McDonald's ( MCD) can turn around its sales, so can Yum! Brands," he said. He owns McDonald's for Action Alerts PLUS .

One on One With Schering-Plough CEO Fred Hassan

Cramer sat down with Fred Hassan, Chairman and CEO of Schering-Plough ( SGP), to talk about the company's recent earnings and questions regarding its controversial anti-cholesterol drug Vytorin.

According to Hassan, the company is a lot stronger than the market gives them credit for. The analysts, he said, tend to focus only on the US sales and forget about the company's global presence.

Asked about a recent study on the effectiveness of Vytorin, Hassan responded by saying that he stands behind the drug's ability to lower bad cholesterol. He downplayed the study as small and unrepresentative of the mainstream market. He also noted the drug's safety and tolerability levels were normal.

Hassan clarified reports that Vytorin accounts for 70% of the company's earnings. He said they are not accurate because they don't take into account Schering's recent big acquisition of Organon BioSciences.

Finally, Hassan said that he said his industry will continue to be very strong regardless of the outcome of November's general election. "People will always want new and innovative drugs and treatments," he said.

Mad Mail

Cramer told a viewer that Brocade ( BRCD ) blew the quarter and he's now a seller of the company. He admitted he was "wrong" about the company.

Lightning Round

Cramer was bullish on Masimo ( MASI), People's Bank ( PBCT) and Hudson City Bancorp ( HCBK).

Cramer was bearish on Nam Tai Electronics ( NTE), RH Donnelley ( RHD), Citigroup ( C) and Harley Davidson ( HOG).

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

For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was long Freeport-McMoran, XTO Energy, Schering-Plough, McDonald's and Citigroup.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.

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