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NEW YORK (TheStreet) -- This market has become one demanding animal, Jim Cramer said on "Mad Money" Tuesday. Cramer said that in order for a stock to rally it must beat on the top line, the bottom line and raise guidance to impress Wall Street -- and even then it's not guaranteed.
But even with many stocks in turmoil these past few weeks, there are a handful of names that are bucking the trend and making new highs. Under Armour (UA) is one of those, delivering substantially higher sales in what was thought to be a weak apparel market. Netflix (NFLX) is another winner, said Cramer, as that stock forced the shorts to run for cover with their accelerating sign-ups.
Cramer called out a few other winners as well, including Wynn Resorts (WYNN), which posted strong Macau numbers in the face of a slowing China, Facebook (FB), which delivered accelerating revenue growth and Google (GOOG), a stock Cramer owns for his charitable trust, Action Alerts PLUS.
Two more upside surprises included Chipotle Mexican Grill (CMG), which stunned the markets with a 9.3% rise in same-store sales and Michael Kors (KORS), which saw shares soar 17% on a unbelievable 24% pop in same store sales.
Cramer said these "magnificent seven" are the new market leaders and should be bought on any weakness.
Executive Decision: Sandy Cutler
For his "Executive Decision" segment, Cramer spoke with Sandy Cutler, CEO of Eaton (ETN), the Action Alerts PLUS holding that's up 285%, including reinvested dividends, since Cramer first got behind the stock in November 2008. Shares of Eaton are $10 off their highs, however, after the company posted mixed results.
Cutler pointed out sales were up 28% for the quarter, with profits surging 63%. But he also admitted that gross margins were less than expected. Cutler explained that Eaton didn't execute very well in its auto segment, and aerospace and electrical were also off 1 cent, totaling a miss of 7 cents a share on margins. Most of those issues are now behind the company, as is its $13 billion acquisition of Cooper Industries, which has now closed.