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Just as Jim Cramer was beginning to worry that the price of gasoline could be jumping back up, it drops a whopping 6.6 percent in one day. But Cramer isn't concerned about that because, in his perspective, low oil prices are the gift that just keeps on giving.
"I've said it a thousand times: higher oil is bad for the stock market. Higher gasoline is terrible for the stock market. Higher heating bills are horrendous for the stock market. There's nothing more to it. End of story," the "Mad Money" host said.
Instead, Cramer has been worried about how the transport group seems to be going lower and lower each day. But then, even these worries were thrown out the window on Wednesday when oil dropped $3 based on increased pumping from the Saudis and a huge U.S. inventory.
Cramer anticipates that this drop in oil will translate to a better bottom line for airlines, a group that previously worried him. The purchases that consumers make with extra cash in their pocket from the gas pump don't just stop with clothing and food.
And now that Apple was downgraded to a hold from a buy on Wednesday, perhaps some of that extra cash will flow into the stock?
"I say that's not thinking big enough. I want you to think about the Apple Watch, which could be precisely the kind of discretionary item that might land you in the Apple store, " Cramer added.
You might think Cramer's spare change thesis on the Apple Watch is far fetched, but it signifies the ultimate discretionary purchase that consumers can make. Cramer speculates that if Apple were just a watch store, people would still buy the stock.
Cramer has noticed that activism has become the hot trend on Wall Street lately, as a way for activists to strong arm management into doing things their way. This new breed of activist funds currently manages roughly $120 billion in assets, up 30 percent in the past year.
But does it really work?
The Wall Street Journal published an article by Yale School of Management professor Jeff Sonnenfeld last week with a scathing review of activist hedge funds and their poor performance. Sonnenfeld pointed out that investors don't necessarily make a lot of money by following activists or their funds.
Cramer agrees with this perspective, though he considers Nelson Peltz to be the exception to the rule. So, how could these supposedly genius activist investors give you poor returns?
The fact of the matter is that most activists are small-time, like Macellum Advisors' 2 percent stake in The Children's Place. It is urging the company to make various changes in order to create value, which caused the stock to jump 8.6 percent in one session.
Instead, Cramer thinks it makes more sense to sell into the spike of an activists rather than buying it.
Ultimately, activists like to target poorly run companies that perform terribly, not the well-run companies Cramer recommends to Cramerica. Remember, activists could sell their stock without investors knowing, and you could be left holding the bag.
Cramer saw just how easy it can be to both create substantial wealth and instantly flush it down the drain. New deals surfaced on Wednesday, and the market immediately recognized that there is both a right way and a wrong way to do a deal.
First let's take a look at the right way—Mylan Lab proposed a stock and cash acquisition for Perrigo for $29 billion, and both stocks shot through the roof with approval from investors. The synergies between both companies were so obvious!
On the other hand, Royal Dutch Shell announced it would buy BG Group for $70 billion. Cramer was not happy with this deal, and considers BG to be the worst, most glutted part of the oil patch. What the heck was Royal Dutch thinking?
"The best hope is that someone comes in and pays even more for BG to relieve shareholders, including my charitable trust, of this ridiculously overpriced agglomeration," the "Mad Money" host said.
So, at the end of the day, Cramer saw both good and bad deals all happen at once. He cited these examples of just how easily billions of dollars can change hands and redirect a stock's trajectory.
While Apple might be the cutting edge of technology on the market, Cramer still has his eye out for the next biggest theme out there. Sometimes that means going off the tape to check in with a privately held company that could lead the way in the future.
Sprinklr is a social-media management software provider that offers a united platform to allow customers to create, manage and optimize social-media interactions.
Could this be the future of cloud computing? To find out, Cramer sat down with Sprinklr CEO Ragy Thomas.
"Brands have a unique challenge; they almost have to listen to every channel. They need to be able to listen to conversations happening around the web and they need one interface to be able do it," Thomas said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Global Payments: "It's one of the few upside surprises we have seen so far in 2015. When they're up $6 like that, guess what? They go higher. This is one of those $90s that might go to $120."
Vipshop Holdings: "Vipshops is one of the few Chinese stock that I'm really thinking has actually done great. We recommended Vipshops a long time ago then we kind of took it off. But China is hot, and I'm not going to tell you to sell this one. It's going to keep hitting 52-week highs. The Chinese market is very hot, by the way. "