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Cramer Remix: These stocks are in a bull market

To investors kicking themselves for missing the gains on Verizon, Caterpillar and Home Depot, Jim Cramer says to stop fretting.

"Welcome to the club that defines this market, especially on days like today," the "Mad Money" host said.

Instead, Cramer wants investors to learn from these moves and figure out how to nail the opportunity in the future. One play that seemed ripe for the picking right now are defense stocks, like Lockheed Martin, as Cramer thinks this group will stay in a bull market regardless of the volatility of the averages.

Ultimately, not every sell-off is a buying opportunity, but for each one of these stocks, there was an opportunity out there just waiting to be grabbed. Just remember that the S&P 500 futures will take down a lot of stocks that don't deserve to be crushed.

"You just need to stay clear-headed so you can stop saying 'I missed it,' and start screaming, 'I nailed it,' " Cramer said.

Read MoreCramer: How to stop missing big gains & nail it


Cramer knows that many think that streaming video is the way of the future, and younger generations are cutting the cord to their cable boxes. But that doesn't mean everyone should just give up on all things cable in the investing world.

"When you look past all of the glib headlines about cord cutting and actually check out what is happening with the higher quality cable stocks, it is clear that we are dealing with a very different story … reports of cable's death have been greatly exaggerated," the "Mad Money" host said.

To get an inside look at what the charts could say about higher quality cable companies like Time Warner Cable, Cramer turned to Tim Collins. Collins is a technician and colleague of Cramer's at RealMoney.com.

When Collins looked at the charts, he found that Time Warner is actually on of his most favorable long-term charts out there.

"When you actually look at the monthly chart of a stock like Time Warner Cable, it is very clear that when it comes to the death of cable, these guys obviously haven't gotten the memo," Cramer said.

Read More Cramer: Cord-cutting fears could be exaggerated

There is a brand new pattern occurring with stocks these days, and Cramer wants investors to take advantage. This is a new era where down doesn't necessarily mean out when it comes to earnings.

"This is an era where we forgive and forget, and then take advantage of changes that management has made that are working," the "Mad Money" host said.

Urban Outfitters soared 16 percent on Tuesday simply because when it reported, it wasn't as bad as many thought it would be. Urban expanded its format to transform into more of a home goods store. At the same time, it offered more merchandise for intimates, accessories, footwear and beauty.

In other words, it adjusted to what the consumer wanted and is doing substantially better than expected. This was a similar dynamic to what Cramer saw from J.C. Penney, which said on its conference call that categories such as handbags, footwear and Sephora all outperformed.

While it is still a bit early in the trend, Cramer suspects that the reason why investors are suddenly embracing these beaten-down names is because there is a large gap between the stocks of the haves and the have-nots — not necessarily the companies themselves.

Read MoreCramer: We are in a new era. Take advantage

A shopper exits an Urban Outfitters Inc. store in New York, U.S.
Michael Nagle | Bloomberg | Getty Images
A shopper exits an Urban Outfitters Inc. store in New York, U.S.

When it comes to a stock like CyberArk, Cramer wants investors to first ask themselves if it is safe to get involved with cybersecurity plays again.

CyberArk is the Israeli cybersecurity firm that helps companies protect privileged and administrator accounts, which have become targets for hackers because they typically have control over sensitive information.

With the stock down 50 percent from its all-time highs last summer, it has been steadily working its way higher since then. Cramer spoke with CyberArk CEO Udi Mokady, who confirmed strong demand for cybersecurity.

"What we are seeing is increased demand because customers really want to make sure that they control their network. That their secrets don't leak out, their customer information doesn't come out. And 2015 actually showed some very big data breaches," Mokady said.


It wasn't very long ago that Tableau Software's stock dropped nearly 50 percent in a single session after reporting disappointing results. That prompted a domino effect, crushing anything that was remotely connected to the cloud, social, mobile or big data category.

"I think, upon further review, it is safe to say that Tableau was an outlier," Cramer said.

Now that Cramer has heard from many other high-growth technology companies, it has become clear to him that Tableau's disastrous results were more representative of the company. He found it was not a statement about the rest of the sector or the broader economic backdrop.

It turns out the cloud, mobile and big data weren't dead after all. And for those who realized that at the time, they could have made a fortune on stocks like Splunk, Salesforce or Workday.


In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:

Kinder Morgan: "I don't think Kinder Morgan is all that related and will not go up or down on that pipeline [keystone]. What matters right now is that Kinder Morgan has spent a fortune building new pipelines and we may not need them all. I do not like the stock."

Smith & Wesson Holding Corp: "Here is a company that reported a big upside surprise. The stock then went down and it's starting to come back. I think you have to wait, I do prefer the stock of Taser, which was down today off of a little bit of negative press commentary."