The decline in drug and biotech stocks took away Jim Cramer's breath on Tuesday. He pinned the decline to uncertainty surrounding the presidential election.

The staggering fall of Gilead to $73, down from a 52-week high of $111 left him speechless. The company has made fortunes on its Hepatitis C treatment, and yet the stock still trades at six-times earnings.

How is that possible?

"I almost hesitate to answer this question because it touches on the third rail that is politics … Hillary Clinton's bite could be every bit as bad as her bark when it comes to controlling drug pricing," the "Mad Money" host said.

On a tough day, stocks in most sectors were tough to own. The only silver lining Cramer found was that when there is usually nowhere to run and hide in a big sell-off, bargains will surface on the second day, with technology giving investors the biggest bang for their buck.

Cramer's top picks were companies that try to dominate in social, mobile, cloud, the internet of things, augmented reality or artificial intelligence. That is why he likes Salesforce, which he says needs to find a deep-pocketed partner to help defer the cost if it decides to acquire Twitter.

"It's important not to be too big a slave to any one day, because otherwise with the selling off badly and at a three-week low, you'd think 'who needs this?' The answer is someone who wants to make money a little longer term, that's who," Cramer said.

Cramer discovered a new level of paranoia this weekend as he worried about exploding Samsung Galaxy Note 7 phones on his flight home from San Francisco.

"This is the most severe, devastating recall I have ever seen, much more than the automobile recalls because it is being handled so poorly," Cramer said.

Cramer said a month ago that the bad news for Samsung could favor Apple. That is why he wasn't surprised when Samsung announced on Tuesday that it would end production of the phones.

If Tuesday's session weren't so brutal, he was willing to bet that Apple would have gone a lot higher than $116 on the Samsung news.

The market did not fall on Tuesday simply because Alcoa reported a disappointing quarter and the price of oil went down. Cramer thinks a larger force could be taking down some of the largest companies in the stock market.

"When you see investors turning on the market's former leaders, that tends to spread doom and gloom and pessimism," the Cramer said.

To gain more insight from the charts, Cramer spoke with technician Rob Moreno, who is a colleague of Cramer's at RealMoney.com and the publisher of RightViewTrading.com.

According to Moreno, many high-profile market leaders have fallen out of favor in a wide variety of sectors. Once-loved stocks like General Electric, Under Armour, Disney and Starbucks have all underperformed this year, and Moreno fears that the continued weakness could weigh on the entire market.

Private ride-sharing company Lyft has attracted investment interest from big players like General Motors, which purchased a 9 percent stake for $500 million in January. However, the company's co-founder and President John Zimmer says the company is not for sale.

"Lyft right now is not for sale," Zimmer said. "We believe that the best way to get to that ultimate vision of creating that alternative to car ownership as an independent business."

Zimmer recently published an op-ed entitled "The Third Transportation Revolution" that outlined Lyft's vision for the future. He said that car ownership has become more of a burden than a symbol of freedom in America, and he expects private car ownership to end in U.S. cities by 2025.

Sometimes in order for Cramer to get a handle on what is happening in technology, he looks at the privately-held companies transforming the lives of consumers around the globe.

Informatica is the world's No. 1 independent provider of data integration software and helps companies organize the massive quantities of big data they receive on a daily basis. Cramer spoke with Informatica's CEO Anil Chakravarthy, who explained how big data is useful in a place like Disney World.

Disney now offers wrist bands that customers can use to get around the park. The wristbands tell the company what rides customers are getting on, how long they are in the park and how long they have waited in line.

"Big data is the data that is not just the typical data you find in a database, but other data that you can get about your customers … They can use that to make sure that their best customers have a great experience," Chakravarthy said.

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

Cabela's Inc: "Cabela's is a completed trade. You got the bid, you've got to move on. Take that money, wait for a decline and then we slowly buy some very good tech stocks."

Overseas Shipholding Group: "I don't want to be involved with the crude oil delivery business. I think it's too hard."