The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Personal politics aside, Jim Cramer only cares about what Tuesday's elections mean to the market. With the vast array of executives that the "Mad Money" host speaks to on a daily basis, he knows that they are happy about the election results.
What does this mean for the market? Certainty.
Ultimately, people will be willing to pay for more future earnings, because they crave certainty. They just got it in the form of a pro-business Congress and a checkmated president.
Executives will now be willing to take on more risk for their companies, which Cramer translates into more business formation, more growth and more new borrowings.
"That, in a nutshell, is great for the U.S. economy and fabulous for our stock market," said Cramer.
Rather than jump in and start giving stock recommendations like he usually does, Cramer prefers to review the pros and cons of the election and what this means for money in investors' pocket.
This means that Washington gridlock is back. That's a good thing, because investors can focus on sales, profits and growth of companies.
"They made real nice on TV on Tuesday, but let's face it: Republican Congress hates the president, and the president hates the new Congress even more than the old one; it's a perfect formula for getting nothing done."
When Cramer looked at the Republican candidate winners, he didn't see crazy radicals. He saw people who are mainstream politicians. Mainstreamers don't want to alienate their business supporters, which could result in a small deal in the form of a corporate tax reduction for next year.
There are a few specific companies that will benefit from the elections. With defense budgets on a roller coaster headed back up, Lockheed Martin will be unstoppable. This is also good for General Dynamics and Northrop Grumman.
However, Cramer warns that investors should be careful of mall-based stores. Especially since Michael Kors blamed sluggish mall traffic for their low numbers.
"That means even more buying of perceived non-mall stores: Costco, Ross, TJX, and yes, Wal-Mart, which can't seem to quit going higher even though it's universally reviled as the last place people want to shop, despite the fact that 100 million people shop there every week, " added Cramer.
In the end, Cramer doesn't think the elections indicate to investors whether they should start buying or selling; it's a question of what to buy. Buyers will pay more for companies with good earnings. And companies that see their earnings estimates fall will require a lot more help than just from a Republican Congress.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the "Mad Money" website? email@example.com