Shares of Wynn Resorts spiked up 13.3% after a very positive recommendation from Mr. Cramer. “Wynn Resorts is a $70 stock masquerading as a $50 stock”, said Cramer. Evidently investors took that advice to heart as the stock closed at $58, well on its way to Cramer’s $70 price target. 

Time Warner also benefited from the “Cramer effect” on Tuesday with the stock up 3.0%. Mr. Cramer spent almost an entire segment of his Mad Money show talking up Time Warner. He believes the company has a stellar CEO in Jeffrey Bewkes and has many the necessary decisions to sell off the underperforming parts of the company (such as AOL). TNT, TBS and the Cartoon Network have “endlessly re-runnable material” and its movie business (which has a 21% market share), generated a record-breaking $1.8 billion in revenues. While the magazine business continues to struggle in this weak ad environment, the company owns the iconic names in the business: Fortune, Time, and Sports Illustrated.  Cramer is bullish on Time Warner and sees the stock reaching $32-34 as the advertising environment recovers. 

Cramer also recommended two Brazilian utility stocks that did quite well on Tuesday. CPLF Energia (CPL: 30.86 0.00%) gained 3.5% and Cemig (CIG: 21.05 0.00%) jumped 2.4% after Cramer recommended these stocks as a play on the weak US dollar. Both stocks offer very high dividend yields which Cramer believes will remain safe. 

Other Cramer stock picks: 

Potash (POT: 46.46 0.00%) gained 2.8% – After Cramer said that agriculture is the best place to be in today’s market.

Fifth Third Bank (FITB: 13.61 0.00%) rose 4.1% – Cramer said these are the stocks in the banking sector that people want to be in right now.

PPG Industries (PPG: 91.61 0.00%) jumped 3.7% – Cramer reiterated his bullish position on the stock and their 4% dividend yield.

JC Penny’s (JCP: 42.35 0.00%) dropped 1% and Darling (DAR: 16.07 0.00%) fell 2.2% – After Cramer said that neither stock was worth buying.