CNBC's Jim Cramer is seeing signs of a bull market in retailers and blue chip stocks and said that a significant revaluation is happening right now as investors shift to tried-and-true companies.

"I like what is happening, in that it is the end of the quarter there are people that will want to preserve gains, there are a lot of sectors that are doing well," Cramer said Monday on "Squawk on the Street."

Cramer said that when you look at the charts of companies—using Kimberly Clark as an example—you can see that there is "a revaluation of a lot of companies going on. Kimberly Clark is a steady company that gives you a good yield."

Cramer also pointed to PepsiCo, which he called a "real winner" under CEO Indra Nooyi, and thinks that it is one of the many blue chip companies that "just doesn't want to quit. I am so impressed," he said. Along with Pepsi, Cramer sees Coca-Cola in the midst of a revaluation by investors, much like it did when the stock eclipsed the market cap of General Motors, which signaled a change in investor preferences.

Even several "left for dead" stocks have shown strength, like Best Buy, Bed Bath and Beyond and Dollar General. Cramer sees this as a rising tide in the retail space, noting that the Retail Holders ETF is sitting at 52-week highs. "Come on, I thought the consumer was beat!" he said.

(Read More: Dollar General Profit Up on Food Sales)

"What retailer do you sell besides JC Penney here?" he asked, adding that what he's seeing in the market are signs of a bull market.

"American companies have been able to readjust and get the right mix," Cramer said, referring to Dollar General. "I was worried about tobacco, I was worried about a price war (in dollar stores). All of these worries have disappeared as if some how during the quarter the company readjusted and did well. I look at Dollar General and I have always liked their business model."

With the news coming out of Cyprus that uninsured depositors will lose out in the EU bailout, Cra

mer thinks this could be a boon for U.S. banks. He said this could influence wealthy individuals abroad to put their money into the safer U.S. system.

(Read More: Cyprus Clinches Last-Minute Deal to Secure Bailout)

"Our banks are the winners here. I think it's OK to start thinking like that," he said, "At least they'll be preserved," he said, adding that even businesses in Europe may start shifting money into U.S. banks to protect their capital in the wake of the Cyprus precedent.

(See More: Jim O'Neill Looks Inside the Cyprus Deal)

"This is a United States centered market and we're no longer focused on the ATMs in Cyprus," he said.

It's a perfect time for Blackstone to unload Pinnacle from its books. Warren Buffet's purchase of Heinz foods has given the food group a seal of approval. Pinnacle may be loaded with debt, but new investors will ignore that stark reality. Sources say the deal is oversubscribed by four or five times.

Blackstone purchased Pinnacle in 2007 for $2.16 billion with the plan to make more acquisitions and build the company into a food powerhouse. This was so long ago that Lehman Brothers was the adviser on the deal. The only acquisition ever completed was Birds Eye Foods, purchased for $1.3 billion. Now Blackstone is hoping to raise $667 million from the initial public offering, which basically values Pinnacle at $2.3 billion. Not such a great six-year return.

The run in big bank stocks may not be over, say Wall Street analysts. And many are particularly positive on Bank of America and Citigroup this year.

"The group is putting up decent numbers, despite the fact you have more subdued economic growth and persistent low interest rates," said Barclays bank analyst Jason Goldberg of the financial sector. "If we ever get the U.S. economy back working again to more desirable GDP growth and a little bit higher interest rates, I think there's a fair amount of upside."

While some banks are poised to fare better, others offer a better value. And then there's one pick that noted banks analyst Meredith Whitney describes as a true growth company in financials.

If you had to pick just five dividend-paying stocks for your portfolio today, what would they be?

With all the emphasis on dividend investing in recent years, more and more investors are adding a yield component to their portfolios. But often, that's easier said than done. With so many dividend-paying names out there, it's hard to figure out where to start. That's why today, we're taking a look at five high-yield must-own dividend stocks for 2013. Think of this list as a starter pack for any new income portfolio.

State Street has been rallying along with other financials, and the bulls kept piling into the investment-management firm yesterday.

OptionMonster's tracking programs detected the purchase of more than 5,000 January 62.50 calls for $3.25 to $3.35. Volume was more than 60 times open interest at the strike, indicating that new positions were initiated.

These calls lock in the price where investors can buy stock. Because they cost only a fraction of the share price, the options can generate significant leverage on a percentage basis if State Street stock climbs over the course of the year.

Following FedEx's earnings miss, one analyst told CNBC he sees signs of encouragement that the company plans to scale back its more expensive air freight business.

"It sounds like incrementally today we're going to get more aircraft retirements coming out of the fleet," said Brandon Oglenski, a transportation analyst at Barclays. "That's going to be good for their cost structure, and we're seeing quite a bit of ecommerce growth domestically in the U.S."

It's turned into a stampede. Wall Street analysts are increasingly turning bullish on electronics retailer Best Buy on hopes the new management team can turn the business and the stock around.

"With the new management team coming in, we think there is a substantial upside opportunity over the next couple of years," Piper Jaffray analyst Peter Keith told CNBC. He has an "outperform" rating on the stock and a price target of $26—implying about 14 percent upside from recent levels. The stock has almost doubled already year-to-date.

Electronic Arts was slipping 0.3 percent on Wednesday to $17.10 following the announcement earlier this week that chief executive John Riccitiello will step down, effective March 30. Based on recent news and general outlook, this stock movement smells like a short. I would only go long if the stock is whacked down to $13.

Electronic Arts, which is most well-known for the video game franchises The Sims, Madden NFL, FIFA Soccer, Need for Speed, Battlefield and Mass Effect, is currently in a weak position. Its 52-week range is from $10.77 to $19.51. The company hit $19.30 in early trading on Tuesday, up 3 percent from Monday's $18.71 close. However, despite the brief rally on news of Electronic Arts' leadership change, investors have turned cold. Shares fell 8.34 percent on Tuesday, closing at $17.15.

BlackBerry shares have performed well this year, rising 26 percent and outpacing rivals such as Apple and Google. One analyst thinks there's plenty more room to run.

Morgan Stanley analyst Ehud Gelblum upgraded shares of the Canadian technology firm to "overweight" from "underweight," and raised his price target to a Wall Street high of $22, as he believes the gross margins from BlackBerry 10 will add to earnings this year. Gelblum noted that BlackBerry 10, which was announced in late January, should help the company's overall margins, as it transitions away from BlackBerry 6. The Z10, BlackBerry's touchscreen phone, carries a margin around 20 percent, and he believes the Q10 could be as high as 30 percent, almost Apple-like.

"Since we now believe gross margin can continue to expand in the near-term on the device mix-shift, even after accounting for the steep decline in higher margin services revenue, we are adopting a new SOTP (sum of the parts) methodology replacing the one we adopted last June, and therefore we are raising our SOTP-based price target to $22 from $10," Gelblum wrote in his note.

Someone wants to get lucky with Talisman Energy.

OptionMonster's tracking programs detected a surge of bullish activity in the Canadian company yesterday. Activity started less than an hour into the session when about 10,000 July 13 calls were purchased for $0.60 and matching number of July 10 puts were sold for $0.20.

If the stock gains, these calls—which lock in the purchase price of the shares—will rise in value, while the premium of the puts will dwindle. Combining the two is doubly bullish, resulting in a cheap position with potentially massive leverage if Talisman rallies.