Mad Money

Everything Jim Cramer said about the stock market on 'Mad Money,' including coiled spring stocks, crude consolidation

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CNBC's Jim Cramer broke down what parts of the market will be ready to surge higher once the coronavirus outbreak is quelled. The "Mad Money" host argued that the oil and gas industry needs to see some consolidation before their stocks can make sustained gains.

Coiled spring

Traders work on the floor at the New York Stock Exchange.
Brendan McDermid | Reuters

The market gave a glimpse of how stocks will react when the coronavirus epidemic is quelled, but investors shouldn't turn bullish just yet, CNBC's Jim Cramer said Tuesday.

"I think we got a sneak peak into what this market will look like once the outbreak's truly beat, and to me it looks like a coiled spring," he said on "Mad Money," attributing the market's morning gains to positive disease recovery data coming out of China and hedge-fund manager Ray Dalio's suggestion that the coronavirus impact on stocks may be exaggerated.

A market or stock is considered "coiled" when it has potential to catapult after a period of facing pressure.

Consolidating crude

Oil workers in the Permian Basin outside Midland, Texas
Brittany Sowacke | Bloomberg | Getty Images

Oil and gas stocks are likely to stay beaten down unless the industry sees consolidation, Cramer said.

The host compared the current state of oil-and-gas affairs to that of the struggling shopping mall industry, which saw notable merger-and-acquisition activity on Monday.

Simon Property Group announced it was buying rival in a $3.6 billion deal. News of the deal sent Taubman's stock up more than 50%, while Simon closed up 1.45% on Monday.

The decision from Simon, led by its CEO David Simon, to double down on the shopping mall caused Cramer to rethink his belief that the industry faced inevitable decline.

"If an oil CEO who believes in the industry wants to put his money where his mouth is, it's time to stand up and make a statement buy like David Simon has done," Cramer said. "The longer we don't get one, the more likely it is that the energy stocks deserve to be down."

Cramer's lightning round

In Cramer's lightning round, the "Mad Money" host ran through his thoughts about callers' favorite stock picks of the day.

: "Buy it if it goes down below $200. We sold some higher for Action Alerts for the club. ... I want to try to buy it back lower."

: "I think the stock is a buy."

Disclosure: Cramer's charitable trust owns shares of Facebook.

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