Jim Cramer's 'Mad Money' Recap: Seven Reasons Why the Market Dropped Today

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Sometimes, the market just deserves to go down, Jim Cramer told his Mad Money viewers Tuesday, and that's exactly what happened today as stocks sank in a virtual vacuum devoid of good news.

Cramer identified seven reasons why stocks headed lower today, not the least of which was the election. The stock market hates uncertainty, so as the polls tighten and the prospect of contested results lingers, expect investors to continue selling.

Cramer said the second reason for the market malaise was oil prices, which are again drifting lower. Third was Apple (AAPL) , the Action Alerts PLUS holding with a seemingly endless supply of negative pundits.

Investors looking for even more reasons to sell found solace in the struggling retail sector, with L Brands (LB) just the latest retailer to plunge 7.8% on its earnings. Then there were Bernie Sanders' renewed attacks on drug prices squeezing big pharma for yet another day.

Cramer's sixth reason why stocks were falling was the trucking sector, which saw Cummins (CMI) report weaker-than-expected numbers. And finally, he noted that growth stocks, like Home Depot (HD) and Starbucks (SBUX) , continue to see no lift, even on down days like today.

Real Money Pro: Isn't this when you're supposed to come back after having sold in May?, asks Ed Ponsi.

Opportunities in the Oil Patch

There are still opportunities in the oil patch, Cramer told viewers, even with sinking crude prices. While many oil companies are growing through acquisition, there's still one that's making money the old-fashion way -- by finding more oil on land it already has.

Cramer said Apache's (APA) Alpine High discovery, announced Sept. 7, is a huge win for this engineering and production company that lost its way a few years ago but is now focused on all the right things.

While many considered the Alpine High too difficult to drill, Apache proved the opposite to be true. As it turns out, the area has a low concentration of clay, not a high concentration as many had predicted. Apache began quietly acquiring 307,000 contiguous acres at distressed prices, averaging just $1,300 an acre.

Cramer said the Alpine High discovery is not yet priced into Apache's shares, and he'd be a buyer after the company reports earnings this Thursday.

Real Money: Anders Keitz says dysfunctional OPEC must rely on Saudi Arabia for an agreement.

Executive Decision: Yum! Brands

For his "Executive Decision" segment, Cramer spoke with Greg Creed, CEO of Yum! Brands (YUM) . The company today completed the spin-off of Yum China Holdings (YUMC) , which includes the company's faster-growing Chinese assets.

Creed said that Yum now represents two highly focused growth companies. Yum China, he said, will obviously focus on China, where urbanization, increased infrastructure spending and the construction of more than 1,250 new malls create a tremendous opportunity for growth. Meanwhile, the rest of Yum! Brands will remain committed to its dividend and returning capital to shareholders.

Creed continued by noting that Yum is also moving toward a franchise model here in the U.S. and will reduce its company-owned store count from 3,200 to just 1,000. He was also upbeat on Yum's menu changes, which include removing artificial colors and flavors and reducing sodium content.

When asked about the global economy, Creed said "everywhere I go, people are building new restaurants," which leads him to believe there is still growth and opportunity out there. He also commented on Yum's new Pizza Hut concept, which will rebrand the aging "red roofs" into a modern, fast casual concept.

Cramer said that Yum! Brands is doing everything right and he's excited to see the results.

Off the Charts: Apple

In the "Off The Charts" segment, Cramer checked in with colleague Carolyn Boroden over the chart of Apple (AAPL) , a stock Cramer has recommended investors own for the long-term, but also one that can be very perplexing to own over the short-term.

Boroden first looked at a weekly chart of Apple, noting that the stock's decline going into May of this year matched that of its previous downturn around $45 a share. She also noted the timings of both moves, which were also similar.

Using these moves as reference points, Boroden said she feels Apple could eventually move toward $146 a share, a 127.2% extension of its previous patterns. The stock must first break through its current resistance between $118 and $121 a share.

A peek at Apple's daily chart only solidified Boroden's conviction, as she saw a mountain of support just below current levels. As long as Apple shares hold above $102.53, she said the upward trend should remain intact.

Real Money Pro: Bret Jensen has small biotechs on his shopping list.

Lightning Round

In the Lightning Round, Cramer was bullish on Tower Semiconductor (TSEM) , Waste Management (WM) and Crane Co (CR) .

Cramer was bearish on HD Supply (HDS) and Regeneron Pharmaceuticals (REGN) .

No Huddle Offense 

In his "No Huddle Offense" segment, Cramer pondered whether there really is something wrong with the home improvement space, after recent reports indicated a slowdown in sales at Home Depot (HD) and Lowe's (LOW) .

Cramer said that home-improvement spending is a factor in many things, including job growth, household formation and the perceived value of your home, as well as the number of homes currently available for sale.

With all of those factors going in our favor, Cramer said, he thinks the recent weakness is just a short-term blip caused by political uncertainty. It won't take much to pull us out of our malaise, he concluded; we just need the election to be over.

Real Money: Jim Cramer says sometimes the market deserves to go down.

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

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

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