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NEW YORK ( TheStreet) -- Sometimes it takes just two stocks to kick off a market rally, Jim Cramer told his "Mad Money" TV show viewers Tuesday. In today's market, those two stocks were Coca-Cola ( KO) and Johnson & Johnson ( JNJ), a stock Cramer owns for his charitable trust,
Off the ChartsIn the "Off The Charts" segment, Cramer went head to head with colleague Carly Garner to answer the question, "What the heck is happening with gold?" Gold has been in slow decline since last October, Cramer noted, but last week the precious metal went into freefall after a Goldman Sachs ( GS) analyst downgraded it with a price target of $1,450 an ounce. Immediately after that downgrade, the price of gold plummeted, noted Garner, who now sees the $1,450 level as a ceiling, not a floor, for gold. She noted that the RSI momentum indicator is now below 30, indicating that gold is significantly oversold. Garner felt that $1,305 will be the new floor for gold. If that level holds, it could return to $1,450 in fairly short order.
Know Your IPOIn the "Know Your IPO" segment, Cramer took a look at four upcoming IPOs to see which ones should get investors excited. Cramer started off with Seaworld, which is set to come public under the ticker "SEAS" for between $22 an $24 a share. That puts this operator of 11 theme parks on par with the likes of Six Flags ( SIX) and Cedar Fair ( FUN), but with a few notable exceptions. Cramer said that Seaworld is growing revenue faster than its peers, which is good, but it also has a smaller dividend, at 3%, and more debt. Cramer said investors can either buy into the Seaworld IPO or just buy Cedar Fair with its 6% yield. Next up were two grocery-related IPOs. Safeway ( SWY) will be spinning off its gift card division under the ticker "HAWK" between $20 and $22 a share; Cramer said the division is not getting the credit it deserves. He was also bullish on Fairway, the New York-based grocery chain with just 11 locations, although he noted the company in the longer term will be facing stiff competition. Finally, there is HD Supply, a housing-related name Cramer said he also expects to perform well given the strength in the housing market we've seen so far this year.
Lightning RoundIn the Lightning Round, Cramer was bullish on Toll Brothers ( TOL), ImmunoGen ( IMGN), Dollar Tree ( DLTR), MDU Resources Group ( MDU), Dunkin Brands ( DNKN), Genworth Financial ( GNW), Exelixis ( EXEL) and iShares MSCI Mexico ( EWW). Cramer was bearish on Krispy Kreme Doughnuts ( KKD) and Gafisa ( GFA).