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NEW YORK (TheStreet) -- This market is leaving a bad taste in the mouths of many investors, Jim Cramer told his Mad Money viewers Tuesday as he recapped the best and worst performers of the first quarter.

On the plus side, there were several standout takeovers such as Hospira (HSP) and Kraft Foods (KRFT), two deals made by very smart acquirers. Then there was Skyworks Solutions (SWKS - Get Report), up 34% over the past three months, as the need to connect billions of new devices to the Internet led that company higher. First Solar (FSLR - Get Report) was also a big winner on the news it's spinning off a yield-bearing entity.

Health care was also a big theme in the quarter, with Boston Scientific (BSX - Get Report) up big. In retail, Urban Outfitters (URBN - Get Report) showed the markets how a successful turnaround is done.

But there were the many stocks stuck in the mud, unable to get out of their own way. Sandisk (SNDK) was among the worst performers, as was Ensco (ESV - Get Report) and Diamond Offshore (DO - Get Report) in the oil patch, and Ralph Lauren (RL - Get Report) and Fossil (FOSL - Get Report) among the retailers with the biggest currency headwinds.

Turbocharged Actavis

Professional money managers are always on the hunt for stocks that have turbocharged growth, and in today's market that need is being met by Kraft Foods and Actavis (ACT).

After its acquisition of Allergan, Actavis now finds itself with an incredible product portfolio, one that Cramer felt could earn up to $25 a share in earnings by 2017. Given a 20 times earnings multiple, that means Actavis could be worth up to $500 a share. Given that the company's 13 million share secondary offering was snapped up quickly by investors, Cramer felt this fast grower will quickly become a money manager favorite.

Then there's Kraft, a company with a stable of brands that can grow like gangbusters overseas, thanks to its merger with Heinz, all at a time when its costs are declining. Kraft is now in a "can't miss" situation, and Cramer valued the stock at $100 a share without much effort.

Executive Decision: Scott Keogh

In his "Executive Decision" segment, Cramer sat down on location with Scott Keogh, president of Audi of America, at the company's New York City showroom to discuss the future of electric vehicles in America.

Keogh said that right now, electric cars are a small niche of the market, about 2%. But Audi sees that number growing to 25% in the coming years. He said in order for electric cars to really work, there needs to be a business case that works, technology that works and a broad customer acceptance -- all things that are becoming reality.

Keogh showed off Audi's new A3 e-Tron, which will be in showrooms this Fall at a cost around $40,000. He said the A3 eliminates range anxiety by also sporting a 4-cylinder engine as a backup and offering drives up to four modes in which to operate the vehicle.

Most importantly, Keogh said that the new A3 will be an Audi, which will exceed all of its customer's high expectations for the brand.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Carolyn Boroden over the direction of the markets, using the charts of the iShares Russell 2000 Index ETF (IWN - Get Report) and the S&P 500.

Looking at the Russell, Boroden noted that since the February lows the index has rallied 161.8%, a key Fibonacci level, and is now falling as predicted. Is the same pattern in store for the S&P?

Looking at a monthly chart of the S&P, Boroden also noted that since the generational lows in 2009, the markets have rallied, yes, 161.8%. That leaves them vulnerable to a correction with a strong ceiling of resistance at 2,117.

On a positive note, however, Boroden also saw two floors of support for the S&P on its daily chart between 2,007 and 2,013 and again between 2,031 and 2,043. In essence, the S&P must hold above 1,980 and preferably rally above 2,043 if it has any hope of powering higher without a serious correction.

Lightning Round

In the Lightning Round, Cramer was bullish on Core Labs (CLB - Get Report).

Cramer was bearish on Devon Energy (DVN - Get Report), Kite Pharma (KITE), SeaDrill Limited (SDRL), Pinnacle Foods (PF) and Ambarella (AMBA - Get Report).

No Huddle Offense

In his "No Huddle Offense" segment, Cramer had some advice for the likes of Microsoft (MSFT - Get Report) and Yahoo! (YHOO). With Google (GOOGL - Get Report) tied up with federal regulators, the time it now to make a bold move in the restaurant, travel and entertainment industries.

Think about it -- what if one of these companies were to buy up Zillow (Z - Get Report), GrubHub (GRUB - Get Report), Yelp (YELP - Get Report), HomeAway (AWAY) and TripAdvisor (TRIP - Get Report), making a huge, one-stop shop for everything travel and leisure? How powerful would that app be on your phone or tablet?

The time to take advantage of Google's regulatory problems is now, Cramer concluded, and he hopes Microsoft and Yahoo! are listening.

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