NEW YORK ( TheStreet) -- "Don't freak out over Ben Bernanke's negatives," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday. He said the Federal Reserve chairman's testimony before Congress today may have pulled the markets lower, but there are still a lot of things going in our favor. Cramer identified 10 tailwinds that are now swinging in favor of higher, not lower, stock prices going forward. They included: 1. China's Comeback. Cramer said the Baltic Freight Index is on the rise thanks to returning demand for just about everything from China. 2. Brazil's Strength. The growth in Brazil is positively impacting the earnings of many companies. 3. Europe's Stabilizing. The fears about Europe have not been showing up in corporate earnings as expected. 4. Financial Regulation. With regulations finally done, the banks can finally breath easy. 5. Washington's Gridlock. With Republicans gaining in election momentum, the resulting gridlock in Washington will be great for the markets. 6. Bernanke's Plan. Super low interest rates and no inflation have created the perfect environment for companies to grow. 7. Tech's Titans. From Apple ( AAPL), a stock which Cramer owns for his charitable trust,
Bull Market in Oil ServicesWith a recovery in China finally taking hold, Cramer said there's a bull market coming in the oil service sector. That's why he reiterated his buy on Weatherford ( WFT), a stock which he owns for his charitable trust,
Optimistic Energy ProspectsIn the "Executive Decision" segment, Cramer welcomed back David Demshur, chairman, president and CEO of CoreLabs ( CLB), a stock Cramer last recommended on Feb. 9 on the heels of the company's 20% dividend hike. Since then, shares have soared 37% and are now flirting with a 52-week high. Demshur painted a very optimistic picture of CoreLabs prospects, saying that effects from the Gulf oil spill are negligible, as Gulf projects only account for 2% to 3% of the company's total revenues. What is affecting revenues however, are the company's six projects in southern Iraq, said Demshur, where CoreLabs and others are attempting to bring the country back to their 1978 production levels of 3.6 million barrels a day. Turning to natural gas, Demshur said the oil shale fields are getting a lot more attention now, and the prospects for natural gas in this country are great. He said CoreLabs has technology to help maximize production from natural gas fields as they do with traditional oil fields. Finally, when asked about the company's special dividends, Demshur explained that the CoreLabs focuses on maximizing free cash flow, investing only in high return projects and returning all excess capital to shareholders, whether that be through dividends, special dividends or share repurchase programs. There will be "more of that to come," he said. Cramer reiterated his "buy, buy, buy" on CoreLabs.