One stock that hasn't been taken to the woodshed as fast as oil has, is Lam Research. Cramer can only marvel at its strength with the way it has been running.
The supplier of wafer fabrication equipment to the semiconductor industry has been on fire, up 46 percent for the year and reported a beautiful quarter with a 2 cent earnings beat off of a 94 cent basis.
Cramer sat down with the CEO of Lam Research, Martin Anstice, to find out how they were able to generate such whopping results.
"One of the byproducts of consolidation in the semiconductor industry and also in our equipment industry, is there are cycles of discipline and there are cycle time capabilities that allow decisions to add capacity much more timely than ever before. So the need to anticipate is less. I think there is much less cyclicality. Much more discipline," said Anstice.
Retail stocks are also revving up to take off as well. Cramer thinks that it has caused retail to get its groove back. Finally!
"I say hold your horses. First of all, the climate has become just about perfect for retail. And I don't just mean the chill in the air. I mean that with consumer sentiment through the roof, clicking at an astounding 89, you don't want to cut back on any retail holdings you have," said the "Mad Money" host.
Read MoreCramer: Retail's got its groove back. Thanks, oil!
Cramer continued his words of caution in the Lightning Round:
Alcoa: "The stock is up huge, but I think it's stalled right here waiting for the next quarter. And I want to buy it because the price of aluminum is going higher."
Prospect Capital: "It's got a big yield, but who knows what they really own. It's one of those mezzanine finance companies, and those companies are out of favor and I'm not going to try to bring them back in favor."
Read MoreLightning Round: This is a risky stock