Mad Money

Cramer Remix: Hey Fed—I've got something to say

Hey Fed—Cramer's got something to say

As the U.S. reaches peak planting season, Jim Cramer is not only thinking about his own garden but he's also thinking about stocks such as Home Depot and Lowe's, and the impact on their businesses from rising interest rates.

Peak planting season for these two companies is the equivalent of Christmas holiday season for sales. Home Depot brought on 70,000 new associates just for this time period, as the warm weather and sunshine inspire Americans to start planting, seeding, fencing and fertilizing. In fact, Home Depot refers to the second weekend in April as "spring black Friday" to note the kickoff of garden season.

It is also the time of year when consumers begin to renovate their homes after a long winter, which explains the 5 percent appreciation of homes in March, according to the Case Shiller index.

Now, Cramer is beginning to hear rumors that if the Fed were to raise rates, buyers will come out of the woodwork to buy even more homes so that they can get in on low mortgage rates.

"I could not disagree more. I think that this nascent housing boom would be threatened instantly by any rate hike. In fact, housing is the industry I am most worried about if the Fed raises rates," the "Mad Money" host said. (Tweet This)

So, while there may be stories that homes are appreciating rapidly, Cramer doesn't think the solution to that problem is to raise interest rates. Rather, it could be simply aided by building more homes.

"The Fed members who constantly blather about when and how much rates need to be raised should stop the clock, stay close to the data, take time to smell the newly planted roses and, for heaven's sake, shut up!" Cramer said.

Read More Cramer: A rise in rates could destroy this group

James Caan as Sonny Corleone, left, and Al Pacino as Michael Corleone, in 'The Godfather.'
Silver Screen Collection | Getty Images

With the Dow up triple digits and Nasdaq setting new records, Cramer wants to know—where the heck did all of the sellers from Tuesday go?

"Then you realize that yesterday's sellers were simply of the hit-and-run variety, blasting out of the S&P futures because the dollar was too strong, commodities too weak, the euro on Greece-related death throes, and the Fed too vocal about a shake-and-bake tightening," the "Mad Money" host said.

Yet, on Wednesday the dollar was weaker, commodities did nothing and Greek negotiations had no rancor, which caused Europe to rally as the Fed stayed quiet.

Cramer sees Tuesday's action as a simple case of misguidance from the S&P 500 futures, as they once again gave investors the wrong signal. The "Mad Money" host considers this the ultimate violation of the Sonny Corleone dictum.

Recently, Cramer introduced the Sonny Corleone decree in honor of those who trade S&P 500 futures, flitting in and out of stocks based on silly news reports and not doing their homework. Cramer called it this referring to the classic "Godfather Part II" scene when Sonny learned that Michael had joined the Marines in WWII and said, "Did you go to college to get stupid? You are really stupid."

In fact, if the market were actually rational, Cramer would expect that Wednesday would have been a down day—not a day with record highs.

"I'm merely trying to encourage people to buy stocks of companies they like at prices they find attractive, and then have the conviction to own those stocks for the duration," the "Mad Money" host added.

Instead, Cramer sees investors buying stocks that they don't know and then sell them off at the first sign that the futures are down. It has become a wild pattern, one that Cramer considers to be stupid.

Read More Cramer: How Sonny Corleone stole your money

Finally! Cramer was ecstatic when he saw that the old-fashioned food company Hormel Foods finally decided to get with the natural and organic food program on Wednesday.

On Tuesday night, Hormel—the maker of Spam, canned chili and Jenny-O Turkey—agreed to buy the No. 1 natural and organic prepared meat company, Applegate Farms, for $775 million.

Additionally, the company recently reported a solid quarter which let the stock go for a run. Now that Hormel has announced the news about Applegate, the stock ran even further to the point where it is less than $1 below all-time highs.

To find out more about what could be in store for the future of Hormel's venture to embrace the natural and organic trend, Cramer spoke with its CEO Jeffrey Ettinger.

"It's an exciting category for us to become involved with. The natural and organic consumer growth has been really phenomenal. It's not a fad, we really view it as a movement and to be able to partner with the leading brand in the space in terms of the meat based items, Applegate, is really fantastic for us," Ettinger said.

Lance Fritz, CEO of Union Pacific.
Adam Jeffery | CNBC

Cramer always reiterates to investors that the transports are the most important group in the market, because if goods are going to be sold, they must first be shipped.

Unfortunately, after a nice rally for the past few years, the Dow Jones Transportation average finally stalled out; it's down 8 percent since November.

Within this group, the railroads have been hit hard, including Union Pacific Corporation which is down more than 13 percent since the beginning of the year. Cramer suspects the blame lies with lower shipments of oil by rail and the coal industry being in rough shape.

"If you have to own a rail, I would pick Union Pacific, but we have to ask ourselves whether the recent down trend will continue, or does this pullback in the railroads represent a buying opportunity as it did once before?" the "Mad Money" host said.

To find out more about where the railroads could be headed and what this means for the U.S., Cramer sat down with Union Pacific CEO Lance Fritz.

The CEO confirmed that Union Pacific has had a difficult start to 2015. Last year was a strong year for the company, as it had 7 percent growth, but this year it was down 2 percent in the first quarter, and as of the second quarter to date is down 4 percent.

"But we know how to deal with that. We have done this before; we know how to right-size the business, and we are in the process of doing that," Fritz said.

Read More Cramer: Transports screech as Union Pacific blazes

As the mobile and connectivity related semiconductor stocks roared on Wednesday, Cramer turned his attention to Integrated Device Technology, a developer of low-power, high-performance chips for various niche markets like next- generation communications infrastructure, high performance computing, power management and clock timing.

This stock has been on fire lately, more than doubling since Greg Waters took over as CEO in 2014. The company reported a strong quarter recently, with a top and bottom line beat, raised guidance and a $300 million buyback.

Could this stock have more room to run? To find out, Cramer spoke Waters on Wednesday.

"Every time somebody touches the Internet, mobile or otherwise, it runs through a set of IDT chips. So, if you look at all of the infrastructure that makes the mobile Internet work—we are behind that technology," Waters said.

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

Tekmira Pharmaceuticals Corp: "No. If we are going to do speculative in that biotech area we like Receptos, Radius and we like BioMarin."

Gogo Inc: "I think a lot of people got too negative on Gogo, maybe me included, but I've got to tell you that this stock has been red hot. I still am on the fence because I want this thing to be able to load better. But look, the buyers are speaking loudly and the shorts are covering."

Read MoreLightning Round: Buyers gobbling up this red hot stock