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One thing that really jumps out to Jim Cramer about the economy and stock market is there is just too much of everything! From his experience, he knows that means the stronger companies start to gobble up the weaker companies to eliminate overcapacity, leading the market higher like it did on Monday.
"That's why hardly a day goes by without a deal of some sort, because the CEOs in this country are well aware of the overcapacity," the "Mad Money" host said.
That is exactly why there were more deals announced on Monday, such as Endo International buying the privately held Par Pharma. In Cramer's opinion, there are way too many generic drug makers out there, anyway. Between Endo, Par, Actavis and the rest, they are all competing for shelf space.
"I like all of these consolidation stories, because they offer a ton of upside, regardless of how the overall market's doing," Cramer added.
One-off deals will not affect the market, but when the acquisitions are this pervasive and far-ranging—they will determine the direction of the averages.
"As long as interest rates stay low and growth is hard to come by, I think these deals will only accelerate," Cramer said.
Read More Cramer: Merger mania—Buckle up for more!
The retail industry received huge news on Monday when it was announced that Ascena Retail Group will buy the Ann Taylor parent company for $2.16 billion.
Ann Taylor will be joining Ascena's current circle of brands such as Dress Barn, Justice, Maurice's, Catherine's and Lane Bryant.
Is it time to do some shopping for Ascena? To find out more on the deal, Cramer spoke with Ascena CEO David Jaffe.
The CEO commented on the current infrastructure and the synergies that will be created with adding the Ann Taylor brand, stating, "It's really well established, it's running smoothly, we are getting the savings with our other brands that we anticipated, so now we can kind of plug and play the two new Ann brands right into it."
This transaction is expected to produce $150 million in cost synergies within three years, and the company expects that it will add greatly to earnings within the first year of closing the deal.
Last Wednesday, food service companies Shake Shack and Jack in the Box reported earnings and blew out their numbers. But for some reason Shake Shack stock sizzled after it reported, and Jack in the Box was thrown away. Cramer wants to know—what the heck is going on?
Shake Shack is the infamous 68-store hamburger chain, created by Danny Meyer, which shocked investors last week when it reported impressive double-digit same-store-sales growth.
Then there is Jack in the Box, which has consistently delivered better than expected quarters recently. It announced a 50 percent dividend boost and a $100 million buyback. Cramer was salivating over this stock. Yet, for some reason investors furiously dumped Jack, partially because money managers were trying to get rid of domestic stocks on account of a strong dollar, and Jack is a total domestic play.
Cramer awas alarmed by the fact that the stock is so completely overvalued, that a large short position in the stock has been building. Short-sellers were betting that the stock would get crushed when it reported last week. They turned out to be wrong.
Yet, the market still loves Shake Shack and gobbles the stock up!
"That's because Shake Shack is a cult stock; it's the equivalent of Tesla for burgers. You try one, you love it, so you buy the stock, and you don't sell it because it's overvalued," Cramer said.
As far as Cramer is concerned, investors should just ride out their positions with Shake Shack and Jack in the Box. The latter remains undervalued and no one cares, and Shake Shack is still an overvalued cult stock and everyone cares—but one day the tides will turn.
If there is one company on the planet that truly understands the value of encouraging customers to spend time in their stores, Cramer knows it's Starbucks.
On Wednesday, Starbucks announced that it is taking the customer experience to a new level with a Spotify partnership. Its goal is to utilize the music streaming service of Spotify to create a unique musical ecosystem that allows members of the Starbucks reward program to influence the songs that play when they are in the store.
To delve into the new partnership, Cramer spoke with Starbucks' CEO Howard Schultz and COO Kevin Johnson.
The CEO confirmed that this is just the beginning of teaming up with like-minded companies. Starbucks chose to start with Spotify because of its large customer base of millennials. Starbucks has long used music to enhance its own customer experience.
"I can't name names, but over the course of months there will be a series of verticals that will extend beyond Spotify," Schultz said.
One thing that Cramer knows is the rich get richer, and he wants to teach investors how to make money off of that. Whether people like it or not, it's a long-term trend here to stay.
ClubCorp is the world's largest owner of private clubs, with 160 golf clubs, and 49 business, sports and alumni clubs spanning 26 states, Mexico and China. ClubCorp finds existing clubs, and then acquires them to expand its presence.
It reported a strong quarter at the end of April, which explains why the stock rallied almost 20 percent ahead of the quarter and another 7 percent following the report.
Could it have more room to run? To find out, Cramer spoke with ClubCorp's CEO Eric Affeldt.
"If you say an NFL football team has a bad year, that doesn't mean the NFL is bad. So, we have had golf retailers reporting a bad quarter, and that unfortunately spills over to us…We are in the business of creating a space for you, your family and friends to get together and do a lot of things, not just golf," Affeldt said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Stone Energy Corp: "If you're at a bottom, you're going to have to [buy a stock] with a better bottom than that. My charitable trust has been buying EOG. At least we know we have great growth there, even though it is known as the 'father fracker' by a major hedge fund manager."
Brunswick Corporation: "We started recommending this very consciously and very heavily; we just met with management again recently, and Brunswick is a buy."