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NEW YORK (TheStreet) -- Stocks that start off the quarter strong tend to stay that way, Jim Cramer said on  Mad Money Tuesday. Cramer said today's record highs, the 23rd time that's happened in 2014, prove there are broad themes at work and next quarter's profits will be better than expected.

One of those broad themes has been biotech, Cramer continued. Vertex Pharmaceuticals (VRTX - Get Report) is up 33% over just the past three months, and other Cramer faves Gilead Sciences (GILD - Get Report) and Celgene (CELG - Get Report), a stock Cramer owns for his charitable trust, Action Alerts PLUS, continue to roar higher.

Then there's the bull market in autos. Car and truck sales have been outstanding, said Cramer, with General Motors (GM - Get Report), another Action Alerts PLUS holding, leading that group with its fourth monthly sales beat in a row.

Internet stocks and old tech have also been on the move, with an unlikely upgrade of Netflix (NFLX - Get Report) boosting those shares while Micron Technologies (MU - Get Report) and IBM (IBM - Get Report) also saw gains.

Cramer said he's still a fan of the airlines, with American Airlines (AAL - Get Report) continuing to be his favorite of that group. He said investors also can't go wrong with restaurants such as Chipotle Mexican Grill (CMG - Get Report), or cloud stocks including Workday (WDAY - Get Report) or even cult stocks like GoPro (GPRO - Get Report), which has risen nearly 20% since its IPO just last week.

Cramer said investors haven't missed any of these moves because the markets will likely provide a pullback in the coming days -- an excellent opportunity to get on board.

Speculation Tuesday

With the markets closed on Friday, Cramer offered a special "Speculation Tuesday" segment that highlighted what he called the most speculative, high-risk high-reward stock he's ever mentioned, Globalstar (GSAT - Get Report).

Cramer said Globalstar operates a network of 36 low-orbit satellites that provides wireless phone and data service to the most remote places on the planet. But Cramer also said he couldn't care less about the satellite phone business -- he likes Globalstar for the wireless spectrum that it owns.

Why? Because it turns out this highly-valuable spectrum sits adjacent to the spectrum currently used in the U.S. for Wi-Fi. And while current FCC rules prohibit Globalstar from using its spectrum for terrestrial service, the company has petitioned for a rule change, which is currently underway.

That explains why this $3.6 billion company has seen its shares rocket 140% so far this year. Using its spectrum for Wi-Fi would allow Globalstar to partner with wireless or cable providers to offer additional capacity or even city-wide Wi-Fi service in certain areas. The rule change would also make Globalstar a lucrative takeover target.

Cramer cautioned that when it comes to the government, anything goes, which is why Globalstar is highly speculative. But if a favorable ruling comes, and it could before year's end, this now-$4 stock could see $7 or more. That would equate to a 75% gain.

The Rich Are Different

"Execution always matters," Cramer reminded viewers as he circled back to his "Gatsby Index" of high-end companies. Cramer said his index has only gained 9% over the past 16 months, which is dismal when compared to the S&P 500 and especially to restauranteur Danny Meyer's "Hospitality Index," which has gained nearly 380% since Meyer first introduced it on Mad Money five years ago.

So what went wrong with Cramer's Gatsby Index? Cramer said like many exchange-traded funds and sector funds, he tried to invest in a segment of the market, the high-end consumer, with companies such as Nordstrom (JWN - Get Report), Michael Kors (KORS) and Lululemon Athletica (LULU - Get Report). That meant getting good companies like Kors along with bad ones like Lulu.

While Meyer's index focused on companies that treat their customers well -- and thereby have great execution and great profits -- Cramer's index did not. Cramer reminded viewers that when they pick stocks, they're also picking the companies behind those stocks. That's why Meyer's pick of Chipotle Mexican Grill (CMG - Get Report) vastly outperformed that of Cramer's pick of Panera Bread (PNRA).

Off the Charts

In the "Off The Charts" segment, Cramer paid homage to Justin Mamis, a man he deemed the "greatest chartist of our time," by going head to head with colleague Helene Meisler, also a Mamis fan, over the chart of Freeport-McMoRan (FCX - Get Report).

Looking at a weekly chart of Freeport going back three years, Meisler noted that after a big decline in 2011 Freeport has been building a base. Late in 2013 the stock rallied above its downward trend line, meeting resistance just over $36 a share. After falling back to its trend line, the stock is once again approaching $36, only this time the stock looks poised to surge to $41.

Cramer said with copper prices rising and Freeport's expansion into the oil business, he's a believer in Freeport and thinks that Meisler is spot on with here analysis.

Lightning Round

In the Lightning Round, Cramer was bullish on Valero Energy (VLO - Get Report), General Motors, EQT Corp (EQT - Get Report), EOG Resources (EOG - Get Report), Verizon (VZ - Get Report), TimkenSteel (TMST - Get Report), Genworth Financial (GNW - Get Report) and Radian Group (RDN - Get Report).

Cramer was bearish on Ruckus Wireless (RKUS), United States Steel (X - Get Report) and MBIA (MBI - Get Report).

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said anecdotal evidence should only play a part when coming up with investing ideas. But after getting back from his vacation in central Europe, he was floored by the popularity of Starbucks (SBUX - Get Report).

Cramer said not only did Starbucks have beautiful stores in every tourist spot he visited, every one was brimming with enthusiastic and happy customers -- just as they do here at home.

While this alone does not mean investors should buy into Starbucks, Cramer said that it does go to show why this company deserves its premium multiple, much more so than McDonald's (MCD) or Yum Brands (YUM), whose locations in Europe were far less impressive.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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-- Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer's Action Alerts PLUS had a position in CELG and GM.