Mad Money

Cramer Remix: The worst stock of 2015

Cramer's calling the worst stock of 2015
Cramer's calling the worst stock of 2015

The market was hammered for a second straight day on Wednesday, becoming a battlefield shrouded in smoke. Especially Bob Evans, which Jim Cramer considers to be the biggest disappointment of the year. Yet, he still suspects that the market is just waiting on any piece of good news to catapult higher Thursday.

What makes the "Mad Money" host think it will head higher? Because of the way that random stocks are reacting to news lately, and the way that other stocks associated to them are also reacting.

"Let me give you some real life battlefield commentary, right from the trenches, so you know why I think the bias is to the upside here, even as the bears seemed to take the day," he added.

For instance, there was the eclectic furniture maker Wayfair. It came public in October at $29 and immediately ran up to $37. The stock was sliced in half in December when frustrated investors wanted to know why it wasn't doing better right away.

Then on Wednesday it reported a monstrous 55 percent growth, and the stock shot through the roof, jumping 13 percent in one day.

But it was the pin action that impressed Cramer the most. Based on this fabulous news, Restoration Hardware also picked up gains on Wednesday just because of the fact that both Restoration and Wayfair are both catalog retailers of home goods. That cannot be ignored.

Read More Cramer: As the smoke clears, these stocks win big

Jeremy Edwards | Getty Images

And with stocks bouncing all over the place lately, Cramer turned to one of his most trusted and connected CEOs to get a pulse on the global economy and see if we can regain some control.

Honeywell International is a diversified industrial company that makes aerospace components, security equipment, turbochargers and more. The company has businesses spanning the globe in practically every major market, and Cramer says its CEO, Dave Cote, is perhaps one of the most knowledgeable people on the economy.

The most exciting products that Cote cited will change the way that consumers interact with their home. The company employs 22,000 engineers, and while most may think of Honeywell shipping things like engines, turbochargers and chemicals, more than half of its engineers are dedicated to developing software.

Cote believes that consumers will start to take control of their home, and the things in it, via connectivity. He sees a future of homes, buildings, planes, factories and even workers that are connected through technology.

"But like with a lot of things, though, it is important for a company to be smart about it. It is very easy to get caught up in the trend and just say 'okay the trend is right, the trend is good' and then just spend whatever you can," Cote added.

Read More Honeywell CEO: Big changes coming into your home

Cramer also saw the cloud of confusion from the market on Wednesday extend on to Halyard Health. This is the medical supply company spun off by Kimberly-Clark four months ago.

The company reported better than expected earnings on Wednesday morning, and the stock was pummeled. Why did this happen? Cramer suspects it is because it is light-volume name on Wall Street with a lot of coverage. He also thinks that investors may have been spooked by the spinoff-related costs impacting Halyard's guidance for 2015.

Could Wall Street be confused about this stock? To find out, Cramer spoke with Halyard Health CEO Robert Abernathy.

"We were laser focused, and we immediately started investing in research and development because research drives our strategy. We delivered a very strong quarter," Abernathy said. "In year one, in 2015, we want to continue to get off of those transition services agreements from Kimberly-Clark. In year two, we want to be ready to move rapidly to get some strategic acquisitions done to grow in our medical device category."

Thomas Quinlan III, president and chief executive officer of R.R. Donnelley & Sons Co.
Andrew Harrer | Bloomberg | Getty Images

Cramer thinks that once the numbers for February are released, investors may be surprised to find out that last month was weaker than a lot of people expected.

Additionally the "Mad Money" host has a bearish outlook for the next few weeks in March, as anxious investors prepare for the Fed meeting on March 17.

With this in mind, what stocks does Cramer think will be winners in a weak economy? Biotechs.

"If February was as weak as I think it was in this country, then the biotechs, which perform well when the economy takes a hit, will only gather steam over the next few weeks," Cramer said.

Read More Cramer's guide: Best stocks in a bearish market

One stock that has actually managed to rally among the bears in the past few days is RR Donnelley & Sons. This company is the world's leading commercial printing company, with a growing digital business, and packaging and labeling division.

This stock has been on fire, delivering three quarters that have been better than expected. And while the industry has been getting smaller, RR Donnelley has made strategic acquisitions to allow it to grow.

Will the concept of connectivity extend into RR Donnelley's industry as well? Cramer sat down with the company's CEO Tom Quinlan.

"The catalog is something that gets you to the electronic device. It's not a world that is going to be just digital; it is going to be digital and print. When you think of all the ways that we can be communicated to, some people prefer the tablet or the iPhone and some people prefer the physical content," Quinlan said.

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

Solarcity Corp: "If we want to do solar, we don't want to go Solarcity. We want to go to First Solar which is doing that spin that's going to give us some yield."

Bob Evans Farms: "I was very disappointed, this Bob Evans deal I was looking for a spin off of the sausage business. I now think it is fully reflected. If you don't own the stock you can think about buying, but it was a huge disappointment. The most disappointing stock so far of 2015.

Read MoreLightning Round: It doesn't breakup, it goes up