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Cramer Remix: Stocks to buy ahead of Fed meeting

Cramer: What to buy ahead of the Fed

Jim Cramer has spent much of his career anticipating trends in the stock market and teaching investors how to best profit from them. However, now the market has become a whole new ballgame, and all the trends have been thrown out the window.

"Why can't we put together a winning streak? Why can't we go up for more than a day? I think there are a whole host of reasons that are all endemic to 2015, and they're worth going over for certain," Cramer said.

In light of a mixed market that was all over the place on Tuesday, Cramer reviewed key themes that could be bringing it down.

To start, Cramer thinks that estimates for many companies are just too darned high. The market doesn't seem to be ready for it, and it's been reacting strangely.

Next is technology, which currently represents about 18 percent of the and overshadows the rest of the market. Generally the heavy weight of technology should be offset by the finance sector, which is the second largest group in the S&P.

Cramer is specifically concerned about the banks, because they are supposed to do well when interest rates rise. Yet he thinks that the estimates are just too low for them, especially since many expect that the Fed will shed light on when rate hikes will occur in the future on Wednesday.

"So if you believe Fed Chief Janet Yellen can no longer afford to be patient with low rates, you want to be buying the banks, and sure enough, that group had a nice move today, which one again kept the market from totally rolling over," Cramer said.

The "Mad Money" host thinks that the reason why the market is so confused is because estimates are too high on companies like Intel and too low on the banks.

Read More Cramer: These trends are wreaking havoc right now

Source: CNBC

Meanwhile, after a huge run in the market like the one investors have seen recently, Cramer sees that investors have hit a pivotal point that could determine ultimate success or failure.

"You now have to decide when you buy something, if you want a stock that's already soared and might be tapped out, or if you want something that hasn't moved much at all and might be either suspect or simply left behind for no good reason," said the "Mad Money" host.

To set the stage, Cramer took a look at two of the biggest beneficiaries to the collapse in oil prices—retail and restaurants.

First, there is a company like Urban Outfitters, which Cramer considers to have the strongest fundamentals in the industry. With an amazing transformation, it has become a beast with brands like Free People and Anthropologie. In fact, its stock is up 26 percent year to date.

Then there is the institutional fave, Macy's. What the heck happened to it?

These are the types of decisions that the big dogs on Wall Street are forced to make right now.

Do you trade down to something that isn't moving, or gamble on a stock and hope it plays catch up?

Read More Cramer: Big decisions you need to make right now

As most basketball fans will be filling out their NCAA team brackets this week, Cramer decided to raise the stakes on bracketology and fill out names to add to your stock portfolio.

"The idea here is to look at the top-seeded names in the NCAA and use them as a lens to help you understand why we like some of our absolute favorite stocks," said the "Mad Money" host.

Now that Cramer has revealed his top picks for southern and eastern regions, it is time to review the Midwest.

To begin, the No. 1 seed is the University of Kentucky Wildcats, an overwhelming favorite for the whole tournament. If Kentucky ends up sweeping the tournament, it will be the first team to finish the season undefeated since Indiana in 1976.

Likewise, Cramer compared Kentucky to monster powerhouse Apple. This is perhaps one of the most dominant companies on the planet with a massive market cap. And just like Kentucky, it has an amazing head coach: Tim Cook.

"It hasn't let you down yet, and I think its run is far from finished, just like—I hate to say it because I didn't pick them—Kentucky's likely to cruise to the crown," Cramer added.

Next up is the University of Kansas, the KU Jayhawks. And while Cramer considers it to be one of the most classic names in college basketball, it's had a tough run, thanks to a difficult schedule. Shadowing Kentucky is tough, and many have already written off Kansas.

To Cramer, KU reminds him of General Motors. It's a very well-run company that has had a lot of bad publicity. Do we even need to talk about the deadly ignition recall or the switch issue? Yikes!

Read More Cramer's March Madness: Tesla and Apple face off

Source: CNBC

Cramer is in awe of a few stocks that have rallied so consistently, it seems like it will never stop. One of those stocks is Actavis, the large-cap pharmaceutical company that has tripled in returns over the last three years.

Actavis has unlocked a formula for success by becoming a serial acquirer. In 2013 it bought Warner-Chilcott, and then last July, it closed on a $25 billion purchase of Forest Labs. Then, on Tuesday, it completed its acquisition of Allergan, a $66 billion deal where many speculated that Actavis was overpaying. Still, the stock has been on fire since it was announced.

What could be the vision for the new Actavis Allergan? To hear more about its pipeline, Cramer spoke with Actavis CEO Brent Saunders.

"R&D is the lifeblood of our industry, and it is critical that we commit to investing in that as Actavis Allergan. What we don't agree on is the true value of discovery research. I believe that we should do discovery research only when we bring something competitive and special to the table. So, in areas like CNS or GI, we are not going to do discovery research," Saunders said.

In the Lightning Round, Cramer gave his take on a few caller favorites:

Zagg Inc: "It's making a bit of a comeback. I still think it's a commodity, but I recognize the strength in the stock, and I think it's had a couple of quarters where it going to do the numbers. I'm not crazy about it."

JinkoSolar Holdings: "I'm not in favor of the industry. If I had to own one I would own First Solar. I just think that oil is going to be down for a long time and these stocks trade off of that, and that makes me not want to own any of the solars."

Read More Lightning Round: Why I don't like solar stocks