Cramer Remix: Take this action on Apple now

Cramer: Take this action on Apple now

As the averages plummeted yet again on Thursday, Jim Cramer heard a lot of theories floating around on what could explain the vicious decline.

Was it the Fed? Interest rates? Soft macro data? Miss Scarlet in the kitchen with a lead pipe?

"I think that this market is all about Eve. Yeah, the original Eve who was tricked by the serpent into eating the forbidden Apple from the tree and the whole investor class has now been paying a price," the "Mad Money" host said.

Investors were enticed to bite into the forbidden fruit and bought Apple stock ahead of earnings on Monday. As a result, Cramer now sees that the entire stock market is paying the price, and the pain will not end until Apple bottoms.

Going back to basics, investors buy stocks because they want them to report good numbers on both the top and bottom line. When the numbers are better than expected, that will trigger analysts to guide estimates higher for the stock.

And if the company throws in a juicy dividend on top of fabulous numbers, that's even better! Not to mention if it sells at a dramatic discount to the average stock in the .

So what the heck happened to Apple? It did all of these things, yet the stock has dropped almost 4 percent in a straight line. So basically, if Apple can't go higher, then the entire rationale to buying stocks has been flipped on its head.

And in Cramer's perspective, that means we should have faith in nothing. Not stocks that benefit from a strong dollar, and not stocks that do well in low or high interest rate environments. Nada.

"Ever since we swallowed the Apple, the whole race of stocks seems cursed," Cramer said.

Cramer did say last week that he anticipated Apple to go down for three days after it reported, and then would try to find footing. Could this be a good time to jump in and do some buying for your portfolio? It's certainly a good time to buy a high-quality company with strong fundamentals, like Apple, regardless of whether stocks are cursed.

Read More Cramer: Stocks are cursed and it's Apple's fault

Westend61 | zerocreatives | Getty Images

For the last few days, Cramer has been warning investors that there is a huge sea-change happening in the market. One where the weak dollar is boosting U.S. companies that do business overseas.

Eaton Corp is a classic industrial play with a huge exposure internationally that manufactures electrical control products, power management systems, hydraulics, truck transmissions and aerospace systems.

On Wednesday, the company managed to report a strong quarter, even though it faced headwinds from the strong dollar. It managed to offset it through a combination of cost controls and improving margins.

Does it have the strength to power higher? Cramer spoke with Eaton CEO Sandy Cutler to find out.

"I think that many companies, us too, experienced a pretty slow January and February, particularly here in the U.S. We were really pleased to see it recover in the third month of the quarter," Cutler said.

Time and time again, Cramer has been asked the same question. Is it time to buy the oils? Prepare yourself—Cramer is ready to make a severe judgment.

The answer is no.

In Cramer's opinion, there was a time to buy oil and now that window has closed. The market heard a lot of chatter about crude on Thursday when the top dog of oil companies, Exxon-Mobil, reported numbers that weren't as weak as expected.

Looking back, Cramer can see that the charts of almost all of the oils show we were at the bottom when oil was at $43.

At the same time, various distressed oil companies offered stock on the market, that turned out to be great buys. Carrizo offered 4.5 million shares at $45.50, and it's now at $55. Concho offered 6 million shares at $108, and it is now at $126.

"That's what a bottom looks like, not these actions where many of these oil stocks have now shot up to where they were when oil was at $90. That's right, $30 higher than where it is now," Cramer added.

So Cramer sent a warning to investors interested in the oil patch—now is not the time to buy. You have missed the boat, do not act now.

Read More Cramer: Buy oil stocks? Don't you dare

Dinesh Paliwal, CEO of Harman.
Adam Jeffery | CNBC

As Cramer turns his attention to the next generation of technology, he circled back to his long-time favorite Harman International Industries.

What the heck just happened to it?

Harman is the maker of high-end audio equipment for car stereos and professional grade gear. But its core business is producing automobile infotainment systems that integrate everything in the car from navigation, safety solutions and smartphone connectivity to media and software that lets the car run.

"When you think about the connected car, you think of Harman," the "Mad Money" host said.

With the car industry leaning more toward connectivity, could Harman's stock ride back into the land of profits? To find out, Cramer sat down with Harman's CEO Dinesh Paliwal.

"Harman is all about leading the connected car, the automotive space. Nothing had changed. The auto sector is very strong, we came in very strong," Paliwal said.

Read More Cramer: Hot play on the driverless car

If there is one thing that Cramer learned about connectivity in San Francisco this week, it is that convenience is king. If a company can help people to save time or avoid a hassle, then it won't have any problem raising private venture capital money.

HotelTonight is a privately held company with a mobile app that allows clients to book a room at a hotel at the last minute, or up to a week in advance. On any given day, there are various rooms that remain unbooked at hotels, and many are willing to drop those rates dramatically to book it.

This app basically plays matchmaker between those hotels and travelers who are looking for a great last-minute deal. To find out more, Cramer spoke with HotelTonight CEO Sam Shank.

"Everybody wins, you get a deal, you get a great hotel and hotels get incremental revenue," he said.

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

Opko Health: "I still like Opko Health. I think Phil Frost is doing a lot of good stuff."

Ensco PLC: "Okay it reported a really bad quarter, and the stock went higher. In "Get Rich Carefully" I say that is often a sign of a bottom. It doesn't mean that I like it. It does mean that it may have stopped going down."

Read MoreLightning Round: This has stopped going down