This stock double isn't done

Cramer: A stock double that isn't done
Cramer: A stock double that isn't done   

Enough of all the negative chatter—Jim Cramer would rather take a look at the stocks that are actually working right now. These are the stocks behind the Dow closing right on the brink of 18,000 and NASDAQ hitting a 15-year high on Thursday.

Especially one like Skechers that has doubled in the past year and could have more legs to run. However, the stock that led the Dow and soared 9 percent on Thursday was Cisco.

Expedia and TripAdvisor were the next Powerball winners of the day. Expedia crushed the competition, up 14 percent Thursday after it announced an acquisition of Orbitz. Likewise, Trip Advisor announced excellent earnings, which was crucial for a time when investors were worried about the travel industry slowing down.

"Between Amazon when it comes to retail, and Google when it comes to online content, any company can claim that there's plenty of competition, so mergers should be blessed," Cramer said.

Read More Cramer: The winning Powerball stocks of the day

Elon Musk
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Elon Musk

Another winning stock on Thursday with plenty more room to run, was Cramer's long-time favorite stock Skechers USA. This shoemaker even has Demi Lovato posting pictures of its shoes on Instagram, and it runs 676 stores in the U.S. and 700 overseas.

Skechers reported on Wednesday and delivered a spectacular quarter with in-line earnings, higher-than-expected revenues and rising gross margins. Not to mention it only has $9 cash on its balance sheet.

This stock rallied more than 6 percent on Thursday. But how is Skechers able to raise its prices at a time when most companies are lowering prices and still be profitable? To find out, Cramer spoke with Skechers CEO Robert Greenberg and the COO and CFO, David Weinberg.

"When you innovate and you have technology, and it's worth the price increase. You put it side by side with something that doesn't have that technology, and it's easier to raise prices," said Weinberg.

That's it, Cramer has had enough! Is Elon Musk seriously proud of the disaster conference call that he held for Tesla this week?

Elon, consider this as your one and only warning from Cramer before you land on the "Mad Money" wall of shame.

Cramer's dreams were crushed in practically every aspect after listening to Musk's conference call Wednesday evening. The company missed the mark on sales, earnings and cash flow and guidance. It is swimming in debt, with a negative $455 million cash flow.

"Make no mistake about it, this was a fiasco miss of immense proportions coupled with the arrogance of a Steve Jobs without the wonderment to back it up," Cramer said.

Read More Cramer's Tesla warning: Musk is a total disaster

Pouring concrete
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To get a real sense of how the economy is doing, Cramer likes to look at companies that produce aggregate products for the construction industry. If a stock like Martin Marietta Materials can report a remarkably great quarter, than he considers that to be a great sign for the U.S. economy.

Martin Marietta makes crushed stone, sand, gravel, concrete, asphalt and cement for various types of infrastructures, both residential and commercial. It is now the No. 2 play in the U.S. and has major exposure to the Texas market after acquiring Texas Industries last year.

Could this be a sign that the U.S. economy will continue to be on the right track for the long term? To find out, Cramer sat down with Martin Marietta Materials CEO Ward Nye.

"What we saw in volumes going from peak to trough in our heritage business, we went from 205 million tons to 125 million tons. Places like Atlanta saw 70 percent of the volume go away, and now we are seeing that turn," Nye said.

Read More Cramer: This stock is a great sign for US economy

One sector that has been slammed in the past few weeks are the utilities. This is partly due to the fact that investors have been selling the utility ETF XLU, with the belief that rising bond yields will cause investors to change from dividend stocks to bonds seeking better income.

Dominion Resources is one of America's largest gas and electric utilities , and it's experiencing rapid growth in its natural gas transmission and distribution business. Could the bond related selloff create an opportunity to buy the stock?

Cramer spoke with Tom Farrell, the chairman and CEO of Dominion Resources, to hear more of what could be in store for the future.

"I think as we return to a time when interest rates are going up some, people will still want dividends from utilities. We will have to start differentiating among the stocks where more growth prospects are, and I think that's where we should do well," said Farrell.

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

Xerox Corp: "The last quarter wasn't that good, but the stock didn't go down. That usually tells me that good things could be ahead. It should have gone down, I'm not going to tell you to sell it now."

Tessera Technologies: "Ever since Richard Hill joined the board there the guy made the viewers all of that money on Novellus, it has been such a win. I think it can go higher."

Read More Lightning Round: I think this goes higher