It's midterm election day, America. 

Jim Cramer cast his ballot early this morning. Have you? 

If you haven't, get out and vote!

Midterms and the Market

Cramer thinks that it's time to take a look at the defense sector in light of the midterms.

The defense sector, in his eyes, will be very telling.

Briefly, Cramer touched on Raytheon (RTN - Get Report) , which is a stock in his Action Alerts Plus portfolio. 

However, in Cramer's Daily Rundown video--his exclusive video for Action Alerts Plus members--he goes more in-depth about the defense stocks that he and his team are keeping an eye on as the midterms come to a close.

Cosmetics

Monday night, E.l.f. Beauty (ELF - Get Report) announced earnings that beat analyst expectations. The stock soared on the news, and was still up in Tuesday morning trading. 

Estee Lauder (EL - Get Report) announced earnings a couple of weeks before E.l.f., and it also beat expectations. 

So, in Cramer's eyes, what does this all mean?

TheStreet's founder says that it may be time for investors to consider Ulta Beauty (ULTA - Get Report) .

Chaikin Webinar

On Wednesday, Nov. 7, Cramer will sit down with Marc Chaikin for an hour long webinar focusing on the midterms and the market. The two will dissect the midterm effect's on the markets and what they expect from the market as 2018 comes to a close and investors start to look forward to 2019.

Interested in signing up? You can find the link here

Ask Jim

Got a question about the market? Reach out to @KatherineRooss on Twitter or email her at Katherine.Ross@TheStreet.com for a chance to have Cramer answer your question.