To truly understand this stock market, you need to throw away everything you've learned and look again with a fresh perspective, Jim Cramer announced to his Mad Money viewers Tuesday. We've never seen anything like this market and if you take your cues from years past, you'll totally miss out.

Investors learned the hard way over the past decade that if a company reports bad news -- run. If there's bad news today, there's probably more coming tomorrow. That's why shares of Bank of America (BAC) failed time and again to breach $21 a share. That was, of course, until last year when interest rates began rising. Bank of America blew through $21 and hasn't looked back.

The same applies to Caterpillar (CAT) , which for years could not get past $120 a share because of China, Europe, the U.S. Dollar or a host of other negatives. Shares of Cat fell into the $60s in 2016, but have been rallying every since because the global economy is expanding and that's what matters most.

More recently, Facebook's (FB) announcement last week that it was changing its news feed caused shares to fall $10, but as the bears declared the company was finished, that was the moment to buy.

Cramer said the recent weakness in IBM (IBM) , Constellation Brands (STZ) , Johnson & Johnson (JNJ) and Procter & Gamble (PG) were all opportunities to buy. "Don't be blinded by the past," Cramer urged, as the rules have changed and bad news is good news, because it's the only time shares pullback far enough to buy.

Cramer and the AAP team say they think Broadcom (AVGO) will walk away a winner, regardless of the outcome of its deal for Qualcomm (QCOM) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Spotlight on TE Connectivity 

In this beast of a market, opportunities don't last long. But you might find one tomorrow when TE Connectivity Ltd.  (TEL) reports earnings.

Most investors probably haven't even heard of TE Connectivity, but this electronics company is at the heart of the Internet of things, the connected home, the connected car and dozens of other end markets like aerospace, oil and gas, defense and more. Shares are up 14% over past three months and over 43% over the past 12 months.

At the company's recent analyst day -- its first in years -- TE Connectivity told a compelling story, Cramer said, forecasting double-digit earnings growth. But investors are likely to find something wrong with Wednesday's results, which will cause shares to slip, giving informed investors a rare opportunity to buy.

They Didn't See it Coming 

The continued rise of Netflix (NLFX) is a sight to behold, Cramer told viewers, but it's also a missed opportunity for the likes of Apple (AAPL) , Alphabet (GOOGL) and Amazon (AMZN) , all of which could've bought Netflix for half the price.

Any of these companies could've easily bought Netflix and would have been the king of content right now, Cramer said, yet none of them saw just how big the opportunity was and frankly didn't take Netflix seriously. They all chose instead to replicate Netflix and none of them have come even close to the company's content, data or artificial intelligence prowess.

But while it's too late for companies to buy Netflix, it's not too late for investors to buy Netflix, Cramer said, as the company's share price still doesn't represent its market opportunity and international growth potential. Netflix is indeed still a buy, just not for Apple, Amazon or Google. 

Get more of Cramer's insights into Netflix and Apple with a free trial subscription to Real Money.

Off the Charts: Oil

In the "Off The Charts" segment, Cramer checked in with colleague Carley Garner over the price of crude oil, Which just topped $64 a barrel for the first time since 2015.

Garner first looked at a weekly chart of crude oil prices, comparing them to the commitment of traders, or COT, report. She noted that the large speculators have accumulated the largest position ever: over 660,000 net long contracts, leaving few traders left to propel oil higher.

Garner also looked at a chart of the U.S. dollar versus the WTI crude oil, noting that the inverse relationship between these two commodities may also be a strong negative for oil's ability to head higher.

For a more detailed analysis and to see the charts, take a look: Oil's Slippery Slope: Cramer's 'Off the Charts'  

Lightning Round

In the Lightning Round, Cramer was bullish on HP (HPQ) , Coherent (COHR) , CH Robinson Worldwide (CHRW) , Alibaba (BABA) , Baidu.com (BIDU) and Simon Property Group (SPG) .

Cramer was bearish on Yirendai (YRD) and Green Plains Renewable Energy (GPRE) .

Off the Tape: Barstool Sports

In his "Off The Tape" segment, Cramer sat down with Dave Portnoy and Erika Nardini, the founder and CEO of the privately-held Barstool Sports, a satirical sports and men's lifestyle blog with a growing cult following, especially with millennials.

Portnoy explained that he started the website 14 years ago with lots of hard work and word of mouth, while Nardini said she was attracted to the brand and just wanted to be a part of it.

She continued by saying that Barstool knows how men think, how they talk and what they love, and aims to be genuine and authentic in everything they do. While advertisers were scared of the brand at first, they've now seen the results and how Barstool resonates with their readers.

Portnoy added that their readers are the only people that matter at Barstool and by not having a boss to answer to, he's always been true to them. Nardini added that the Barstool brand is now free to do whatever it wants, and they have many opportunities in front of them.

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

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