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NEW YORK ( TheStreet) -- It's Fashion Week in New York and Jim Cramer told his Mad Money viewers Tuesday he's got a whole list of what's hot -- not on the runway, but in the stock market.

First, Cramer said cyber security continues to take center stage because CEOs just can't spend enough protecting their companies from attacks. FireEye (FEYE) , Palo Alto Network (PANW) and Fortinet (FTNT)  are among his favorites.

What other stocks are strutting down the runway? Cramer said with the expansion of medical care in America, medical device makers such as Edwards Lifesciences (EW) and others will find it hard not to grow this year.

Along those lines, Cramer said the health care cost containment companies remain in fashion. Think everything from UnitedHealth Group (UNH) to CVS Health (CVS) .

With gas prices low, retail remains hot, as is the restaurant group. Cramer gave the nod to Nordstrom (JWN) and Jack in the Box (JACK) , to name a few.

Still other fashionable stocks include Priceline (PCLN) among the travel stocks, Lockheed Martin (LMT) in the defense sector and Hain Celestial (HAIN) in the natural and organic food group.

Cramer said he never likes to invest in high-flying fashion stocks, but trading them is a different story. In today's markets, all of these sectors have a lot more room to run.

Executive Decision: David Steiner

For his "Executive Decision" segment, Cramer spoke with David Steiner, president and CEO of Waste Management (WM) , which today delivered an 8-cents-a-share earnings beat and boosted its dividend to 2.8%. Shares of Waste Management are up a solid 12% since Cramer spoke to Steiner in November.

Steiner had a very positive outlook for both Waste Management and America overall, saying America's energy revolution is only the first step in a re-industrialization of our country, something that could change our economic outlook and create a ton of jobs.

One thing that is not creating jobs, however, is the union disruption at our West Coast ports, Steiner said, a dispute that's costing America billions of dollars. He said our government needs to be proactive in settling the dispute because it can't afford not to.

Turning to his company's conference call, Steiner commented on Waste Management's lower recycling volumes this quarter, saying that in order for recycling to grow it needs to be profitable, which is why his company chose to take a pass on some unprofitable volumes in order to maintain profits.

Cramer said Waste Management remains a terrific story because a growing economy always means more trash and more recycling.

Blame Hedge Funds

Baby, it's cold outside, but that's not the reason why shares of Columbia Sportswear (COLM) and Skechers (SKX) were able to rally an astounding 29.6% and 11.6%, respectively, over the past week. Cramer said hidden market mechanics were at play once again.

Make no mistake, both Columbia and Skechers are hitting it out of the park with new product innovations that are seeing strong sales even in Europe, a continent that few companies have been able to master of late. But Cramer said there's another reason why these stocks trade so irregularly -- hedge funds.

Hedge funds regularly use third-party market research firms to "estimate" how well a retailer is doing, Cramer explained. The only problem is, these firms are proving to be dead wrong. That's why Columbia Sportswear management even called out these firms on its conference call, cautioning investors not to rely on them.

What happened when a big hedge fund gets it wrong? Cramer said they need to cover their short positions and fast, which is exactly how a stock like Columbia and Skechers can rise so far, so fast.

Cramer said he remains a huge fan of both these names, as well as VF Corp (VFC) , all companies with strong innovation and terrific products that customers can't seem to get enough of.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the direction of semiconductor stocks using the Market Vectors Semiconductor ETF (SMH) .

Using a monthly chart of the exchange-traded fund, Lang noted the semiconductor stocks have been leading the markets since 2009 but are still inexpensive based on their earnings. He noted the William's oscillator has been displaying an embedded overbought condition for the past two years, meaning this uptrend is likely here to stay.

But Cramer reminded viewers he's not a fan of ETFs because they include both the good and bad in any given sector. Instead, Cramer said he prefers individual stocks that offer only the best of the best.

Broadcom (BRCM)  is one name on Cramer's list because the stock's MACD momentum indicator just had a bullish crossover on strong volume.

Also on Cramer's buy list are Cypress Semiconductor (CY) , which just hit its 50-day moving average, and Cramer fave Intel (INTC) , which is displaying a bullish "W" pattern that indicates $37 a share or higher may be in this stock's future.

Finally, there's Micron Technology (MU) , a stock which Lang said to buy under $31 a share but Cramer thinks is a buy even at $33 a share.

Lightning Round

In the Lightning Round, Cramer was bullish on Costco (COST) , Regeneron Pharmaceuticals (REGN) , National General Holdings (NGHC) , Travelers Companies (TRV) and Lowe's (LOW) .

Cramer was bearish on Five Below (FIVE) and Raptor Pharmaceuticals (RPTP) .

Executive Decision: Farooq Kathwari

In his second "Executive Decision" segment, Cramer sat down with Farooq Kathwari, chairman, president and CEO of Ethan Allen Interiors (ETH) , a stock that's down 10.5% for the year after posting an 8-cents-a-share earnings miss on Jan 27.

Kathwari explained that Ethan Allen is undergoing a huge transformation for an 82-year-old company, one that will see a refresh of over 70% of its merchandise. This, he said, is in response to globalization, new technologies and changes in consumer attitudes.

The new Ethan Allen is vertically integrated, Kathwari explained, and offers customers the ability to design and customize their furniture and have it built right here in America -- an experience that only Ethan Allen can deliver through its design centers and with its staff of in-house designers.

When asked about the timeframe for the transformation, Kathwari said that by the summer a full 70% of its product lines will have been refreshed and ready for purchase. He said that while Ethan Allen could have outsourced its furniture and chased short-term profits, it chose to invest for the long term here in America.

Cramer said investors should do their homework and see whether getting in early with Ethan Allen will pay off big in the future.

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.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

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

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